LME Hong Kong Warehouses Expand to 15 From 4, Near Capacity Saturation

According to Hong Kong Exchanges and Clearing CEO Vera Chen, the London Metal Exchange's approved warehouses in Hong Kong have expanded from 4 to 15 since last year, with storage capacity approaching saturation. Chen stated during an LME Asia Week seminar that the expansion represents a significant milestone in establishing physical market connectivity. LME and Hong Kong Exchanges plan to explore additional collaboration, including futures and renminbi-denominated products, to build a comprehensive commodities ecosystem in Asia.
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