Market Chatter: Citigroup Pursuing Rent Deals for Lead Traded on London Metal Exchange

MT Newswires Live03-19

Citigroup (C) recently deposited "significant" amounts of lead in warehouses approved by the London Metal Exchange for so-called rent-sharing deals, Reuters reported Wednesday, citing three sources familiar with the matter.

The report said it is not known how much lead Citigroup has delivered, but cited LME data showing a 15% increase in the amount of lead stored in Singapore warehouses to 206,350 tons in four days to Tuesday.

Citi did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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