Traders, brokers and clerks on the trading floor of the open outcry pit at the London Metal Exchange Ltd. (LME) in London on Feb. 28, 2022. Photo: Bloomberg
After more than two years of planning, the London Metal Exchange (LME) has approved Hong Kong as a delivery location for seven metals, marking a significant milestone in establishing the city as a key center for Asian commodity trading.
Hong Kong will join the LME’s network of 32 locations spanning the United States, Europe and Asia, allowing it to store LME-registered aluminum alloy, primary aluminum, copper, lead, nickel, tin and zinc. The city will become an active warehouse location three months after the approval of its first warehouse operator, the LME said.
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