LME: 'Too much politics, too much talk”

摘要

Exchanges, no matter whether base metals,bullion, petroleum, power or stocks,usually feed on rumours. But with Brexitlooming at home over London's City andPresident Donald Trump's enforced revivalof protectionism overseas in the UnitedStates of America there is quite a lot todigest for the London Metal Exchange(LME). Still the world's biggest metal exchange,the LME is losing trade to others,especially to competitors in the US andChina: the Chicago Mercantile Exchange(CME) Group is going strong as well asthe Shanghai Futures Exchange (SHFE) inthe People's Republic of China. The latterfact really irks Charles Li, chief executiveof the Hong Kong Exchange and Clearing(HKEx) Group:He is struggling tomake his ￡1.4 billioninvestment payas much as he hadhoped for when hebought the LME in2012.