Nickel contracts are now being replaced by a fraction of the average daily amount over the past year, and the LME is offering prices for metals such as aluminum, copper, nickel and zinc, along with its quaint rituals. It raises the question of whether it is still reliable in setting up. Mainland China, the world’s largest consumer of industrial metals, has already provided a trading venue in Shanghai.
Nickel root, just a few months of the 10th anniversary shy Acquisition of LME by HKEX In June, it undermined CEO Matthew Chamberlain’s long-standing efforts to stave off competitors such as Chicago’s CME Group and the Shanghai Futures Exchange and modernize the 145-year-old metal exchange. .. LME trading declined for the third consecutive year, shrinking 6.4% in 2021.
Chamberlain, a former UBS banker who advised HKEX on the purchase of £ 1.4 billion (US $ 1.8 billion) of LME, joined the Metal Exchange in 2012 as head of business development before being promoted to CEO in 2017. Did.
he Announced that he will stay In late April, LME’s top job was to get a job at Komanu, a cryptocurrency and other digital asset storage business backed by digital asset company CoinShares, crypto wallet company Ledger, and Nomura, announced three months ago. It goes back to the announcement.