• Sat
  • Sep 20, 2014
  • Updated: 12:12pm

LME

Set up in 1877 to provide a venue for trade conducted among metal merchants in London, the LME was sold in 2012 to the operator of the Hong Kong stock exchange. In 2013, it was a defendant in lawsuits accusing Goldman Sachs, JP Morgan and Glencore-Xstrata of rigging the aluminium market.

US judge rules LME out of case as 'organ' of British government

A judge has dismissed London Metal Exchange as a defendant from US antitrust litigation accusing banks and commodity companies of conspiring to drive up aluminium prices by restricting supply, hurting manufacturers and purchasers.

Thursday, 28 August, 2014, 4:24am

HKEx's takeover of LME is 'risky bet' that could yet pay off

While the HKEx has been busy getting into bed with former rival Shanghai to develop cross-trading of stocks, some brokers wonder whether the local bourse was wise to cut a big cheque to buy the London Metal Exchange.

21 Jul 2014 - 3:18am

LME targets commodity alliance with mainland bourses

High-level talks are under way to deliver seamless access between mainland and international commodities markets, the chief executive of the London Metal Exchange told the South China Morning Post.

25 Apr 2014 - 12:45am

Challenges ahead as Hong Kong unveils plans for commodities trading

Hong Kong Exchanges and Clearing's plan to introduce the Hong Kong version of the London Metal Exchange platform this year is a baby step to kick off the local commodities market, but brokers and observers warned there will be challenges in developing the new market.

10 Mar 2014 - 5:59am 1 comment

LME makes amends with critics after storage crisis

A series of public and private meetings between the London Metal Exchange and its staunchest critics in the United States has revealed a small but significant shift in a years-long crisis over the exchange's warehousing policy, sources said.

3 Mar 2014 - 2:59am

HKEx board plans LME strategy

Hong Kong Exchanges and Clearing's board will meet in London today to map out future strategies for the London Metal Exchange after coming under intense criticism for failing to promote commodities trading in Hong Kong.

9 Oct 2013 - 5:15am 1 comment

Aluminium producers demand LME release more positioning, warehouse data

The world’s two biggest aluminium producers are calling on the London Metal Exchange (LME) to boost transparency by releasing more detailed data on long and short positions as well as about who are holding inventories.

13 Sep 2013 - 5:18am

New LME chief looks beyond metals

London Metal Exchange's newly appointed chief executive Garry Jones said he would focus on expansion in the mainland and would launch new products beyond metal futures trading.

28 Aug 2013 - 3:32am

Hong Kong 'not ready to be a commodities trading centre'

Commodities brokers and buyers say Hong Kong does not yet have the trading infrastructure to be a major commodities centre. That may change in the future as traders seek to take advantage of growing demand for commodities from the mainland.

26 Jun 2013 - 5:04am

HKEx calms fears in London and China

Hong Kong Exchanges and Clearing chief executive Charles Li Xiaojia tried to assure members of the London Metal Exchange and mainlanders yesterday that HKEx's plans to expand into commodities would not be a threat to them.

26 Jun 2013 - 4:20am

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