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.

Zinc bulls on London Metal Exchange get fooled again, China exports surplus to world

Traders in the London Metal Exchange where zinc bulls have been wrongfooted by the delivery of 36,375 tonnes of zinc in the LME's warehouse in Malaysia. Photo: Reuters

Appearances can be deceptive and never more so than when it comes to trading on the London Metal Exchange (LME).

As zinc bulls have just found out.

Thursday, 28 May, 2015, 1:17pm

Chinese hedge funds in aggressive short-selling strategy in copper, other commodities

A worker inspects copper wire as Chinese hedge funds increasingly show their clout in copper and other commodity markets. Photo: Bloomberg

Chinese hedge funds, once again linked to a powerful sell-off in copper this week, were probably replaying an aggressive short-selling strategy they have also used to target iron ore and coal, according to industry sources.

19 Jan 2015 - 1:24pm

London Metal Exchange may temper trading fee rise after complaints

The London Metal Exchange says it might revise a planned increase in trading fees. Photo: Bloomberg

The London Metal Exchange says it might revise a planned increase in trading fees after customers complained that it could hurt their businesses.

6 Nov 2014 - 6:08am

LME prevails in legal battle with Rusal on metal warehouse reform

The LME aims to cut waiting time for aluminium from two years to a maximum of 50 days. Photo: Reuters

The London Metal Exchange (LME), owned by Hong Kong Exchanges and Clearing, won its appeal against a court ruling that had halted sweeping reform, aimed at easing huge backlogs to withdraw metal from its global warehousing network.

9 Oct 2014 - 5:43am

London Metal Exchange officials aim to attract Japanese traders

LME chief executive Garry Jones will be attending talks in Tokyo on the latest trading trends and the exchange's plans. Photo: Bloomberg

LME chief executive Garry Jones will lead a delegation to meet traders and metal users in Japan to promote its products, marking its latest effort to expand in Asia and before its launch of new commodity products later this year.

8 Sep 2014 - 4:13am

London Metal Exchange to push for reform after US judge dismisses suits

The LME can now focus on competing for more business.

The end of class action lawsuits in the United States against the LME will open the way for a long-promised reform of the aluminium warehousing issue and allow the bourse to focus on its expansion in Asia.

1 Sep 2014 - 8:33am

LME rolls out electronic network to speed up trade with Asia

LMEnet will allow Hong Kong and Asia brokers and investors to connect directly to the LME network to trade its benchmark products such as copper, zinc, lead and aluminium contracts, among others. Photo: Reuters

The London Metal Exchange has teamed up with technology firm Colt Technology Services to introduce an electronic platform called LMEnet to facilitate faster and easier trading of its products for brokers and investors in Hong Kong and the Asian region.

25 Jul 2014 - 1:35am

Qingdao metals probe may help LME, Hong Kong commodities trading plan

Christopher Cheung Wah-fung

The Qingdao port warehouse scandal has exposed the weakness of the mainland metals and related financing system, which may eventually benefit the LME and Hong Kong's plan to develop commodities trading later this year.

16 Jun 2014 - 3:07am

Tie-ups between bourses do not always live up to the hype

Hong Kong's Chinese Gold & Silver Exchange Society hopes to link up with the Shanghai Gold Exchange. Photo: Edward Wong

There has been much talk recently about alliances between mainland and Hong Kong markets.

29 Apr 2014 - 12:49am

Exchanges operator HKEx's earnings growth of 11pc trails market estimates

HKEx chief executive Charles Li speaks at the results announcement yesterday. He called for patience from investors. Photo: Jonathan Wong

Higher operating expenses and depreciation costs resulting from the takeover of London Metal Exchange saw Hong Kong Exchanges and Clearing report lower-than-expected earnings yesterday, and brokers warn of the challenges ahead.

27 Feb 2014 - 12:28am

LME, listing challenges ahead for HKEx

The trading floor of the Hong Kong stock exchange. HKEx will review its listing rules to try to attract more listings. Photo: Bloomberg

Hong Kong Exchanges and Clearing, which will announce financial results on Wednesday, is facing the twin challenges of capturing more listings and devising strategies to turn the London Metal Exchange into a growth engine, according to brokers and analysts.

24 Feb 2014 - 6:32am

Hit by penny stock scandal, SGX tries to diversify into derivatives

SGX is facing fierce competition in the derivatives market from exchanges in China and the West. Photo: Reuters

Singapore Exchange, set to report its weakest profit in more than a year after a penny stock scandal hammered trading volumes, is placing a big bet on an increasingly crowded derivatives market.

23 Jan 2014 - 9:30am

LME must seize the initiative to get mainland China access

LME was bought in an ambitious bid to build a mainland-focused commodity trading centre, and approvals from Beijing to allow LME to open mainland warehouse facilities would be a great help. Photo: Bloomberg

Strenuous efforts by Beijing to push homegrown commodity exchanges into the international arena don't bode well for the likes of the London Metal Exchange (LME), which is struggling to get any meaningful access to the mainland market.

24 Dec 2013 - 12:56am 1 comment

HKEx-owned London Metal Exchange to launch clearing house

HKEx-owned London Metal Exchange to launch clearing house

The London Metal Exchange may have a Hong Kong member soon. It also plans to launch a clearing house and new commodity products in the city next year.

18 Dec 2013 - 6:13am

London Metal Exchange plans reforms to cut long warehouse queues

Traders at the open outcry pit of the London Metal Exchange, where reforms are targeting queues of more than 50 days. Photo: Bloomberg

The London Metal Exchange, the world's largest metal bourse wholly owned by Hong Kong Exchanges and Clearing, will carry out a package of reforms in April to solve warehouse congestion.

8 Nov 2013 - 1:58am