Jan 23, 2013 | 04:01 PM
| Andrea Hotter
Aluminium Bahrain,
Alba,
Jean-Baptiste Lucas,
warehosue queues,
LME,
Andrea Hotter
CORONADO, Calif. Financing deals have always existed in the metals trading world, and the London Metal Exchange is not to blame for warehouse queues, a senior executive at Aluminium Bahrain BSC (Alba) said.
“Cash and carry always existed. It existed in the 80s and 90s, and as long as you have a contango you will have a cash and carry,” Jean-Baptiste Lucas, chief marketing officer at Alba, told AMM. “The only difference is that now it has been industrialized, as in all industries when you have a good way of making money. It is what the London Metal Exchange is meant to be forwe cannot complain about the LME being a financial tool.”….
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