LME's Hong Kong Warehouses Hit Capacity as Storage Facilities Surge From 4 to 15 in One Year

According to Hong Kong Exchanges and Clearing Chief Executive Officer Edith Yip, London Metal Exchange (LME) warehouses approved in Hong Kong are approaching storage capacity saturation. LME began approving metal warehouses in Hong Kong last year, expanding from 4 facilities to 15 currently—a milestone for establishing physical market connectivity in the region, Yip said at a seminar during LME Asia Week.

LME and Hong Kong Exchanges plan to explore additional collaboration projects, including futures and renminbi-denominated products, to build a comprehensive commodities ecosystem across Asia.