People and Business: LME tribute

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DAVID KING, chief executive of the London Metal Exchange, called for a minute's silence on the exchange floor yesterday in memory of Ralph Kastenbaum, managing director of Gerald Metals who died on Wednesday night aged 69.

Mr King said: "Ralph had been involved in the world of base metals and the LME for many years, having lived and worked in a number of countries."

The LME boss added that Mr Kastenbaum had played many roles in the recent development and governance of the LME, most recently as a board director and between 1993 and 1997 as vice-chairman