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LME Warehouse Delays Get Extended as Judge Bars Fix Plan

Aluminum-delivery bottlenecks at warehouses that raised buyer costs and dragged the world’s biggest metals exchange into 26 U.S. lawsuits will last longer, after a plan to ease delays April 1 was tossed out by a judge.

Wait times for shipments will remain long, keeping premiums high for deliveries from London Metal Exchange warehouses, according to London-based researcher CRU. The LME said new stockpiling rules will be delayed after a U.K. judge ruled them “unfair and unlawful” because the exchange’s consultations should have considered other options.