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| 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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