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London Metal Exchange U-turns on closing iconic trading ring

The boisterous exchange will come back in person, but digital pricing adopted during the pandemic will continue

Traders react on the trading floor of the open outcry pit at the London Metal Exchange Ltd. Simon Dawson/Bloomberg via Getty Images
Traders react on the trading floor of the open outcry pit at the London Metal Exchange Ltd. Simon Dawson/Bloomberg via Getty Images Photo: Simon Dawson/Getty Images

The London Metal Exchange's iconic trading Ring is set to reopen on 6 September, reversing an earlier plan to close the 144-year-old venue.

Before the outbreak of Covid-19, the metals industry’s key price-maker was well-known for the close proximity its traders kept to each other, yelling and gesticulating orders across the trading floor.

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