LONDON/MOSCOW (Reuters) - The world's biggest aluminum producer Rusal (RUSL.MM) has begun legal action aimed at having the London Metal Exchange (LME) overturn planned reforms to its warehousing policy. The judicial review sought by the Russian company follows U.S. lawsuits against the LME sparked by its move to change rules to reduce delivery backlogs. The oldest and largest marketplace for industrial metals, the LME is caught between producers such as Rusal who fear rule changes could lower aluminum prices and industrial users who have long complained that prices have been propped up artificially. Rusal said it filed a UK judicial review on Monday, demanding the scrapping of the LME's changes.
via Business News - Yahoo Finance http://finance.yahoo.com/news/rusal-launches-legal-action-against-112157134.html
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