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LME's Hong Kong Warehouses Expand to 15, Up From 4 a Year Ago, as Storage Capacity Nears Saturation

GateNews
Commodities

According to Hong Kong Exchanges and Clearing CEO Edith Lam, the London Metal Exchange’s (LME) warehouses in Hong Kong have expanded from 4 to 15 within the past year, with storage capacity now approaching saturation. Lam made the remarks during a seminar at the LME Asia Week event in Hong Kong. The LME and Hong Kong Exchanges plan to explore additional collaboration projects, including futures and renminbi-denominated products, to build a comprehensive commodities ecosystem in Asia.

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