| New steel and aluminium contracts to be launched next week by the London Metal Exchange (LME) are expected to attract initial interest from customers, but building up strong liquidity in the current bear market may be challenging. The launch on Monday is a key element of a strategy by the LME's owner, Hong Kong Exchanges and Cleaning (HKEx), to boost profitability at the 138-year-old exchange.
Three new contracts in steel rebar, steel scrap and aluminium premiums will go live nearly three years after HKEx bought the LME for $2.2 billion, pledging to widen the scope of the exchange from its core business in key industrial metals...............................................Full Article: Source
|