You are here

LME aims for China warehouse breakthrough with e-receipt system

Tuesday, November 1, 2016 - 05:50

BT_20161101_SYMETALS1107S_2574788.jpg
The LME, owned by Hong Kong Exchanges and Clearing Ltd, will work with other warehouse companies and Chinese regulators to facilitate expansion to other locations in China.

London

THE London Metal Exchange will launch a one-year pilot scheme using its electronic system for tracking material stored in China outside its warehouses network, it said, a landmark development in its ambitions for the world's biggest metals consumer.

Metal industry sources

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom