LONDON, March 27 The London Metal Exchange (LME)
will not implement reforms of its warehousing network as
scheduled next month after it lost elements of a legal case
brought by Russian aluminium giant Rusal.
"The LME is disappointed with the outcome of the judicial
review," the exchange said in a statement. "The implementation
of the rule will not take place on 1 April 2014."
The LME, the world's biggest marketplace for base metals,
had planned to implement reforms designed to cut queues to
access metal, but Rusal argued they would damage prices.
(Reporting by Eric Onstad; Editing by Anthony Barker)