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LME and HKEx plan to grab China’s metal market

Posted on 27 June 2013

It’s no secret that gaining access to China was the primary reason Hong Kong Exchanges & Clearing (HKEx) bought the London Metal Exchange, but the vision is a long way from reality.
As is usual with these deals, the theory looks sound. Putting together the venerable LME with a dynamic Asian company on China’s doorstep looks like a perfect recipe to enter the world’s largest metals market, which so far has been largely closed to foreign traders and investors………………………………………..Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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