The CME Group plans to list aluminium warehouse locations in Taiwan and Hong Kong, challenging the traditional London Metal Exchange (LME) dominance and potentially boosting regional aluminium trade infrastructure across Asia as production in the region accounts for a large share of global output.

Summary :

• Warehousing firms Steinweg, Pacorini apply to list in Taiwan
• Henry Bath, GKE seek approval for aluminium sheds in Hong Kong
• CME aluminium trade volumes, inventories dwarfed by LME’s

Article Link :

https://www.reuters.com