Exclusive: Glencore complains to LME about access to metal in Malaysia

LONDON: Glencore has lodged a complaint with the London Metal Exchange about the company's inability to take speedy delivery of aluminum from warehouses owned by ISTIM UK in Port Klang, Malaysia, two sources familiar with the matter said.

But the rules were not triggered in this case because ISTIM said there was no queue at its warehouses in Port Klang at the close of business on Jan. 31, sources said. This means the 222,713 tonnes deposited in ISTIM's warehouses in Port Klang between November and January would have had to be delivered in February, March and April. That would be above ISTIM's 2,500-tonne daily rate.

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