LME ups non-ferrous margins

Print this page Posted on : 03-28-2008 by recycleinme.com

Margin payments for aluminium, copper and all other industrial metals traded on the London Metal Exchange, the cash traders must put aside when buying and selling commodities, will be raised from March 28. The high-grade aluminium margin is set at $4,700, up from $4,100 for each 25-tonne lot, LCH.Clearnet said in a statement on its Web site. LCH.Clearnet guarantees trades for London's financial markets. The LME is the world's biggest metals bourse.

Source : Business Line