LONDON, Nov 17 (Reuters) – Most base metals were steady or
firmer on Monday, supported by forecasts for developing
shortages, but news that Japan had slipped into recession capped
Many of the metals in the London Metal Exchange complex
dipped after news that Japan’s GDP fell for two successive
LONDON, Nov 7 (Reuters) – The London Metal Exchange (LME) on
Friday launched consultations on proposed changes to rules
governing physical delivery and its global network of storage
The LME, which recently won a major court battle about new
rules to cut delivery backlogs at warehouses, plans even tougher
rules to support a new contract on aluminium premiums, it said
in a statement.
LONDON, Nov 5 (Reuters) – The London Metal Exchange (LME)
said it might revise a planned hike in trading fees after
customers complained that it could hurt their businesses.
The 137-year-old LME announced an average 34 percent
increase in fees in late September as owner Hong Kong Exchanges
and Clearing Ltd (HKEx) (0388.HK) moved to boost profits after
buying the exchange for $2.2 billion.
LONDON (Reuters) – Hermes Investment Management on Friday joined an exodus of financial institutions from commodities, saying it planned to close its business in the sector due to difficulties in making returns and a shift in investor attitudes.
Many fund managers have struggled to make profits in commodities in recent years as prices have slid and volatility has been low, leading to fund closures including Hall Commodities earlier this month, Clive Capital, BlueGold and Higgs Capital Management.
LONDON, Oct 20 (Reuters) – The Hong Kong stock exchange
(HKEx) said it aimed to create a link to trade commodities with
mainland China by adapting a share trading system with the
Shanghai Stock Exchange that is on the cusp of going live.
No firm date has been announced for the launch of the link
between HKEx and the Shanghai exchange, but sources have told
Reuters it is due to begin on Oct. 27.
LONDON (Reuters) – The London Metal Exchange (LME) hopes its links to Asia and expertise in physical metals will help it win the right to manage the century-old London gold pricing benchmark, chief executive Garry Jones said.
The 137-year-old exchange is also upbeat that Chinese regulators will give the green light to extend its global base metals warehouse network to mainland China perhaps next year, a key element in its strategy to capture more business from the world’s biggest metals consumer, he told Reuters.
LONDON, Oct 17 (Reuters) – London Metal Exchange, the
world’s biggest industrial metals market, heads into LME Week on
Monday fresh from a legal victory that enables reform of its
warehousing system and winning a foothold in benchmarking
But those two successes alone will not ensure that the $2.2
billion deal by Hong Kong Exchanges and Clearing Ltd (HKEx)
in 2012 to acquire the 137-year old exchange will pay
LONDON (Reuters) – In a telling sign that commodities may struggle for several years to attract investment flows, a clutch of professionals who make their living from the asset class slammed its prospects at a recent conference.
One speaker dismissed one by one the attractions of holding commodities in an investor portfolio.
LONDON/MOSCOW (Reuters) – The London Metal Exchange (LME) 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 – which it said it will implement from Feb 1.
The ruling may have scant impact on the market, however, because warehouse firms have already made changes to the way they operate, anticipating LME’s legal win, analysts said.
LONDON/MOSCOW, Oct 8 (Reuters) – The London Metal Exchange
(LME) 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.
Wednesday’s ruling may have scant impact on the market
because warehouse firms have already made changes to the way
they operate, anticipating LME’s legal win, analysts said.