LONDON, April 28 The London Metal Exchange (LME)
said on Monday it planned to seek permission to appeal against a
court ruling it lost last month, which halted a key reform aimed
at cutting backlogs at warehouses.
"We will be seeking leave to appeal (from the Court of
Appeal)," LME spokeswoman Kathy Alys said.
The exchange, the world's largest market for industrial
metals such as copper and aluminium, has previously said it was
taking legal advice on whether to appeal the ruling or to launch
a new consultation on its warehouse policy.
In late March, Russia's Rusal won a ruling that
halted a warehouse reform because consultations had been
"unfair and unlawful".
(Reporting by Eric Onstad; editing by Keiron Henderson)