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LME aims for China warehouse breakthrough with e-receipt system

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.


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...