LME warehousing reforms in doubt after court ruling

UK judge says exchange's consultation was 'unfair and unlawful'

The London Metal Exchange's planned overhaul to its warehousing system is in doubt after a UK judge ruled that its consultation process had been "unfair and unlawful".

The ruling was the result of a suit brought against the exchange by Russia's United Co. Rusal, the world's largest producer of aluminum.

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