DATE: April 8, 2025
MKR#: 04-08-25B
SUBJECT: Regularity Approval for Aluminum and Copper
The Commodity Exchange, Inc. (“COMEX” or “Exchange”) has received and approved the application of Metal Ox Warehousing, Inc. for regularity for the storage of aluminum and copper deliverable against the respective COMEX Aluminum and Copper futures contracts at their location in Owensboro, KY. The approved capacity for copper at this location is 11,023 short tons. The approved outdoor capacity for aluminum at this location is 10,000 metric tons.
The primary conveyance designated by the Exchange for aluminum shall be truck. Primary conveyance shall be subject to the minimum guaranteed daily load out rate as prescribed in COMEX Chapter 7, Rule 703.B.3.b., contingent on any pending conveyance orders submitted prior to the primary conveyance order.
The alternate conveyance designated by the Exchange shall be rail. The minimum guaranteed daily load out rate for this conveyance shall be 360 metric tons which shall be published in the Interpretations & Special Notices Related to Chapter 7. In electing an alternate conveyance, the minimum guaranteed daily load out rate for the alternate conveyance shall apply absent any pending conveyance orders submitted prior to the alternate conveyance order.
At all times, the regular facility shall be required to meet a cumulative minimum guaranteed daily load out rate as prescribed in COMEX Chapter 7, Rule 703.B.3.b. for all pending load out orders, on a first come first served basis.
The rates that have been approved by the Exchange to be published on behalf of Metal Ox Warehousing, Inc. for copper are as follows:
Monthly indoor storage charge per short ton |
$15.00 |
Minimum storage charge per month for less than one lot (partial lots) |
$100.00 |
Inbound handling per short ton (truck & rail) |
- |
|
|
Outbound handling to truck per short ton |
$50.00 |
Blocking and bracing per short ton (truck) |
$9.00 |
Outbound handling to rail car per short ton |
$50.00 |
Blocking and bracing per short ton (rail car) |
$9.00 |
Outbound handling to container per short ton |
$50.00 |
Blocking and bracing per short ton (container) |
$9.00 |
Outbound handling to flatbed per short ton |
$50.00 |
Blocking and bracing per short ton (flatbed) |
$9.00 |
Weighing charges per short ton |
- |
Facility receipt (issue & replacement) |
- |
Bill of lading |
$25.00 |
Additional labor per man hour |
$85.00 |
Restocking fee per short ton for cancelled/changed orders |
$5.00 |
Cancellation charge per shipment cancelled |
$100.00 |
The rates that have been approved by the Exchange to be published on behalf of Metal Ox Warehousing, Inc. for aluminum are as follows:
Monthly indoor storage charge per metric ton |
N/A |
Minimum storage charge per month for less than one lot (partial lots) |
$100.00 |
Storage - outdoor per metric ton per month or part thereof |
$12.00 |
Inbound handling per metric ton (truck & rail) |
- |
|
|
Outbound handling to truck per metric ton |
$44.00 |
Blocking and bracing per metric ton (truck) |
$7.50 |
Outbound handling to rail car per metric ton |
$49.50 |
Blocking and bracing per metric ton (rail car) |
$8.50 |
Outbound handling to container per metric ton |
$49.50 |
Blocking and bracing per metric ton (container) |
$8.50 |
Outbound handling to flatbed per metric ton |
$44.00 |
Blocking and bracing per metric ton (flatbed) |
$7.50 |
Weighing charges per metric ton |
- |
Facility receipt (issue & replacement) |
- |
Bill of lading |
$25.00 |
Additional labor per man hour |
$85.00 |
Restocking fee per metric ton for cancelled/changed orders |
$5.00 |
Cancellation charge per shipment cancelled |
$100.00 |
Please refer questions on this subject to:
Market Surveillance:
Kyle Miller Kyle.Miller@cmegroup.com (312) 341-3436
The Commodity Futures Trading Commission (CFTC) will be notified of this approval during the week of April 14, 2025 via the weekly notification procedures set out in Part 40 of the CFTC Regulations.
