• Fri
  • Dec 19, 2014
  • Updated: 4:02pm

London Metal Exchange

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.

Alcoa hits out over LME policy changes

Klaus Kleinfeld, Alcoa chairman and chief executive. Photo: Bloomberg

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

LME-HKEx deal disappoints as commodities fail to take off

London Metal Exchange still has no exposure in China. Photo: Reuters

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

Stormy exchange

Trading at the London Metal Exchange increased 8 per cent in the first 9 months.

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

LME's hopes of breaking into China market fading fast

Hopes that the LME might break into the mainland market are now fading. Photo: SCMP

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

LME may find it tough trading agricultural futures

China has been ahead of London Metal Exchange to introduce agricultural commodities.

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

Market insider offered top job at LME, sources say

A new chief for the London Metal Exchange will need to restore users' confidence after criticism of its warehousing policies. Photo: Reuters

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