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The London Metal Exchange is studying Hong Kong as a location to expand its global metal warehouse network, five sources with knowledge of the matter said, hopeful success there might open the door...
The London Metal Exchange (LME) is studying Hong Kong as a location to expand its global metal warehouse network, five sources with knowledge of the matter said, hopeful success there might open the door to mainland China, its ultimate target. Registering warehouses in China, the world's largest consumer of industrial metals, to store metal traded on the LME has been a strategic aim since Hong Kong Exchanges and Clearing (HKEx) bought the LME in 2012 for $2.2 billion. In a presentation made to the LME's warehousing committee in December, seen by Reuters, the exchange said companies...
The LME is studying Hong Kong as a location to expand its global metal warehouse network, five sources said, hopeful success in the city might open the door to mainland China, its ultimate target.
The group of experts, comprising over 70 agricultural commodities associations, made the call during a news conference in Abuja Friday.
Agricultural Commodity Association Presidents under the auspices of the National Agricultural Commodities Project 2023 have