LME Suspends Acceptance of a Glencore Xstrata Zinc Brand into Storage
15 Julho 2013 - 1:23PM
Dow Jones News
By Alex MacDonald
LONDON--The London Metal Exchange said Monday it suspended with
immediate effect a special high-grade zinc brand produced by a
German unit of commodities titan Glencore Xstrata PLC
(GLEN.LN).
In a statement, the metal exchange, which is owned by Hong Kong
Exchanges & Clearing Ltd. (0388.HK), said no further deliveries
of the ME WESER E-ZINK brand produced by Xstrata Zink GmbH will be
accepted for LME warranting under the Special High Grade Zinc
Contract.
The brand will remain suspended until further notice is given,
LME said in the statement.
LME couldn't immediately be reached for comment.
Write to Alex MacDonald at alex.macdonald@wsj.com
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