Jun 28, 2024 05:12 AM

FINANCE

London Metal Exchange Considers Opening Warehouse in Hong Kong

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The LME has a network of approved warehouses around the world that at times hold millions of tons of metal

The LME has a network of approved warehouses around the world that at times hold millions of tons of metal

(Bloomberg) — The London Metal Exchange (LME) is exploring whether to license a warehouse in Hong Kong as it seeks to strengthen services to clients in China — the world’s biggest metals market.

A third-party study on the feasibility of a Hong Kong warehouse has been commissioned, Bonnie Chan, chief executive officer of Hong Kong Exchanges & Clearing Ltd., which owns the LME, said at the metal exchange’s annual Asia seminar in the city on Thursday.

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