Reported 9 months ago
The London Metal Exchange is considering setting up a warehouse in Hong Kong to better serve clients in China, the largest metals market globally. The exchange has commissioned a study on the feasibility of a warehouse in Hong Kong, aiming to enhance its services close to mainland China. Despite facing obstacles in establishing warehouses in mainland China and high costs in Hong Kong, the LME sees potential benefits in improving the link between mainland physical metals markets and international pricing, especially with China's growing demand for materials due to its push for a greener economy.
Source: YAHOO