LME warrant holders are responsible for the payment of charges for storage of material in LME-approved storage facilities.
The LME does not own or operate the warehouses, nor does not it set the rates charged for rent or handling. These are matters of commercial negotiation between a warehouse company and its clients. The exchange does however publish the maximum rental charges and free on truck (FOT) rates provided by the warehouse companies.
Rent and FOT charges
For the storage and handling of LME non-ferrous metals, minor metals and steel billet for the period 1 April 2013 to 31 March 2014 the following rates will apply:
For the period 1 April 2014 to 31 March 2015 the following rates will apply: