Reported about 5 hours ago
The London Metal Exchange (LME) has officially approved Hong Kong as the latest warehouse location, marking a significant move to strengthen its ties with mainland China, the largest metals market globally. The warehouses in Hong Kong will store primary base metals, facilitating easier delivery and withdrawal for clients, although concerns linger about the high operational costs in the region. This initiative is part of Hong Kong's broader strategy to revitalize its economy after pandemic disruptions and enhance its role in the global commodities market.
Source: YAHOO