On July 9, 2020, the LME released its first set of summary statistics on off-alert stocks, which aim to ensure greater transparency of the global availability of metals. The obligation for warehouses to notify metal subject to a Non-Warrant LME storage agreement was introduced in LME Decision Communication 19/347 following a consultation in 2019. On 1 November 2019, the LME published the results of its consultation on stock reform, which ended on 12 September 2019. Thirteen written responses were received and the LME published a feedback analysis report containing a summary of these responses and the MEA`s own analysis. On 25 July 2019, the LME launched a market-wide consultation on the proposals contained in the discussion paper on stock reform, which it believes are a positive step forward for the LME storage network. The LME is also considering a number of other proposals that were not included in the discussion paper, but for which the LME would consider other measures appropriate. These proposals can be roughly divided into three main categories: documents relating to the reform of LME stocks are available below. If you have any questions, please contact us In November 2013, after a three-month market-based consultation, the LME launched a set of inventory reforms of twelve key elements. All of the items described above are designed to ensure that the LME storage network fully meets the requirements of the global metals market. All of these elements have been implemented or are to be implemented shortly: Press release – LME begins with the publication of off-alert stock data Member communication – 20,172 Publication of Hors-Warrant Stock Reports LME-Warrant owners are responsible for paying taxes for the storage of material in LME approved storage facilities. The full results of the consultation are available here. To facilitate reference, all published documents regarding the results are listed below: Following the above announcement, the LME has published minor amendments to the LME Storage Agreement and the LME Directive concerning the authorisation and operation of warehouses in accordance with Opinions 19/419 and 20/022. .

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