Bloomberg reported the London Metal Exchange will introduce new levels for the minimum amount of nickel and tin that warehouses must deliver every day.
As quoted in the market news:
The new policy starts on April 1, 2013, the bourse said in an e-mailed statement today following a consultation period with warehouse companies. The exchange will convene its committee reviewing delivery rates across all warehouses, it said in a separate notice.
The LME board in April accepted in principle a proposal to require warehouses to deliver at least 60 metric tons of tin or nickel, or a combination of both each day. The exchange proposed the rules amid concerns that long wait times may limit the availability of the metals.