Trading

London Metal Exchange approves Hong Kong warehouse as gateway to China

The LME is seeking closer links to the key Chinese market

The LME was acquired by Hong Kong Exchanges and Clearing in 2012 Vernon Yuen/NurPhoto via Getty Images).
The LME was acquired by Hong Kong Exchanges and Clearing in 2012 Vernon Yuen/NurPhoto via Getty Images).

The London Metal Exchange has approved Hong Kong as a location for its global metals storage network as the bourse pushes for a gateway to mainland China.

Its new Hong Kong warehouse will be permitted to store LME-registered aluminium alloy, primary aluminium, copper, lead, nickel, tin and zinc, the LME said in a 20 January statement.

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