London 05/07/2016 - Erus Metals, which is partly owned by commodity trader Gerald Metals, has received approval from the London Metal Exchange (LME) to list copper in its sheds in Panama City, it said on Tuesday.
It will charge 56 cents per tonne and an FOT rate of $47 and will be the only warehouse listed in this location.
The expansion is underpinned by the Gerald Group, its global network of locations and its physical non-ferrous metal holdings, which are worth some $1.5 billion, FastMarkets understands.
Meanwhile, Access World Logistics - formally Pacorini Metals - has delisted three warehouses in Port Klang, Malaysia.
(Editing by Mark Shaw)