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London Metal Exchange price exclusivity falls on global stage

Posted on 19 July 2016

Globally, base metal trading has expanded since the sale of the London Metal Exchange (LME) to the HKEx. Taking the two main exchanges for base metals – the LME and the Shanghai Futures Exchange (SHFE) – the average monthly volume of the six main base metals rose 23.8% since July 2012.
At the same time, the LME share of the trading has fallen from 89.7% in July 2012 to 77.8% in June 2016, even taking out the double-counting of Chinese contracts. The LME has lost its position due both to self-imposed measures, the growth of other exchanges, and the shift in the globally center of manufacturing to East Asia………………………………………..Full Article: Source


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