LME set to expand portfolio with new metals contracts linked to SHFE prices: Industry sources
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Update time : 2023-12-22 15:36:37
The London Metal Exchange (LME) reportedly intends to introduce new metal contracts utilising prices from the Shanghai Futures Exchange (SHFE), according to three sources within the industry, as reported by Reuters. This move is anticipated to amplify China's impact on global metals markets.
Matthew Chamberlain, the London Metal Exchange Chief Executive (LME), briefly touched upon collaboration with the Shanghai Futures Exchange (SHFE) during the annual LME Week dinner in October 2023. However, no specific details were provided at that time.
