London Metal Exchange to expand in China

David Nealis President of Blue Bridge

London Metal Exchange to expand in China

The London Metal Exchange (LME) has reported that it is planning to expand its warehouse network into mainland China, the largest user of base metals including copper. LME is the biggest marketplace for industrial metals and was weighing takeover offers in the third week of May 2012. LME licenses a network of over 600 storage sites the world over where users can deposit metals in Japan, South Korea, Singapore, and Malaysia. Martin Abbott, LME’s CEO, said that the demand for metals in Asia will continue to grow.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

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