Hong Kong to join LME warehouse network to serve China’s appetite for metals

Quick Summary:

Major milestone’ enhances Hong Kong’s role as a conduit to China, the world’s biggest consumer of metals.

LME has been eyeing China as a warehouse location since as early as 2012, when HKEX bought the LME for US$2.2 billion.“Mainland China is the world’s largest consumer of metals, and with its outstanding commercial infrastructure, Hong Kong provides the natural hub for connectivity to the Chinese market that is so important to market participants and the wider metals industry,” Chamberlain said.

LME has more than 465 warehouses in 32 locations worldwide, but it does not own or operate the facilities.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Yuke Xie

Category: Business

Markets: Hong KongChina

Topics: Mainland Hong Kong Locations Warehouse China Metals Physical Global Metal Exchange

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-20 @ 20:00:08 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 275 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 40 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 25283495

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 15 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 2 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions