Trading

London Metal Exchange approves Hong Kong warehouse as gateway to China

The LME is seeking closer links to the key Chinese market

Monday 20 January 2025 at 12:31

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.