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London Metal Exchange Looks to Set Up Warehouse in Hong Kong
The London Metal Exchange is exploring setting up its first warehouse in Hong Kong for metals delivery as it seeks to strengthen services across Asia. “We recently commissioned a third-party feasibility study on this idea, and we have been receiving great support from the local market,” Bonnie Chan, Chief Executive Officer of HK Exchange & Clearing, which owns the LME, said at the LME’s annual Asia seminar in Hong Kong on Thursday. The move would be a boost for the world’s largest metals trading bourse, which has long aimed at creating a warehouse and logistics system for metals in China to better serve ... (full story)