LME WEEK: Warehousing kept HKEx's Li awake during LME sale

Warehousing was the one issue that could have prompted Charles Li to withdraw from the bidding process for the London Metal Exchange, the Hong Kong Exchanges & Clearing (HKEx) ceo said.

“If there was one area in the LME process that has kept me up and that potentially would have been an issue we could have walked away from, it would be the warehouses,” Li told delegates at the LME week seminar on Monday October 15. Li sees three potential reasons for the warehousing difficulties, each of differing magnitude. The first is that consumers are being forced to wait for a year or...


Mark Burton

October 15, 2012

14:39 GMT