Chinese Offer £1.3Bn for Metal Exchange



Hong Kong Exchanges and Clearing, which counts the Chinese government among it shareholders, is understood to have tabled a £1.3bn offer for the City’s last “open cry” market, and a decision is expected to be announced within days.

The 135-year-old LME is the world’s largest metals market, controlling 80pc of all global trade in metals futures and sets prices for industrial metals globally.

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