Flow trans-shipment

Refined lead trade flows clearly include shipments of metal into, and deliveries from, LME warehouses, at least where this involves a trans-border movement of material. This has become a more important factor in recent years, partly due to the proliferation of LME warehouses and, in part, because the volume of metal involved is now much greater. Most material is held in warehouses in Western Europe, but other delivery points exist in Scandinavia, the Mediterranean, Singapore and the USA (see Chapter 17, for details). 

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