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.
Global aluminium premiums have fallen because of "confusion" over the London Metal Exchange's proposal to overhaul its warehousing policy, Alcoa chief financial officer William Oplinger said.Thursday, 10 October, 2013, 12:39pm
Our government may need to review whether the green light given to the local bourse to spend so much on the London Metal Exchange was the right decision. We have found no evidence to show the deal will encourage commodities trading here.8 Oct 2013 - 1:27am
If you judge the success of an exchange by its trading volumes, the London Metal Exchange has been doing just fine in this, its 136th year.5 Oct 2013 - 3:12am
It's time to wake up from the dream that the Hong Kong stock exchange and its new pet, the London Metal Exchange (LME), might secure a big slice of the mainland's futures trading pie.5 Oct 2013 - 3:11am 1 comment
London Metal Exchange faces an uphill battle with its planned introduction of agricultural commodities, with mainland traders and farmers unlikely to pay much attention.10 Sep 2013 - 3:02am 1 comment
The London Metal Exchange has offered the job of chief executive to Martin Pratt, two sources said, picking a veteran broker to lead the bourse through the most tumultuous period in its 136-year history.22 Aug 2013 - 4:58am