COLUMN-CME challenges LME in its metals trading heartland: Andy Home #LME #metals

When Hong Kong Exchanges and Clearing (HKEx (HKSE: 0388-OL.HK – news) ) bought the venerable old London Metal Exchange (LME) back in 2012, it did so with eyes firmly fixed on China. The vision was to leverage the LME’s near monopoly on base metals pricing in the rest of the world to open up the world’s fastest-growing metals market. What HKEx almost certainly wasn’t expecting back in 2012 was a challenge to the LME’s existing franchise outside of China.

Source: COLUMN-CME challenges LME in its metals trading heartland: Andy Home – Yahoo Finance UK

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