London Metal Exchange (LME) Approves Hong Kong as Warehouse Location Permitted to Store LME-Registered Aluminium Alloy, Primary Aluminium, Copper, Lead, Nickel, Tin & Zinc, Next to Hong Kong is Mainland China Which is is World Largest Consumer of Metals, LME Has More than 460 Approved Warehouses Globally
30th January 2025 | Hong Kong
London Metal Exchange (LME) has approved Hong Kong as a warehouse location permitted to store LME-registered aluminium alloy, primary aluminium, copper, lead, nickel, tin & zinc. Next to Hong Kong is Mainland China, which is the world’s largest consumer of metals. LME has more than 460 approved warehouses globally. LME (20/1/25): “The London Metal Exchange (LME) has today confirmed its approval of Hong Kong as an LME warehouse location. Hong Kong will join the LME’s existing network of 32 locations spanning the USA, Europe and Asia. The LME considers approvals for warehouse locations with the objective of securing a widespread network around the world in the most important areas of net consumption. Locations are assessed against a variety of factors such as local fiscal and regulatory systems and access to a good transport network. Hong Kong is permitted to store LME-registered aluminium alloy, primary aluminium, copper, lead, nickel, tin, and zinc, and it will become an active warehouse location three months after the approval of the first warehouse company.” In 2024 June, Hong Kong Exchange (HKEX) & London Metal Exchange (LME) have hosted the LME Asia Week 2024 (27/6/24) in Hong Kong attended by around 2,000 industry leaders, regulators, investors & corporates. Hong Kong Exchange has also recently setup a new holding company (HKEX Global Commodities) for LME & LME Clear.
“ London Metal Exchange (LME) Approves Hong Kong as Warehouse Location Permitted to Store LME-Registered Aluminium Alloy, Primary Aluminium, Copper, Lead, Nickel, Tin & Zinc, Next to Hong Kong is Mainland China Which is is World Largest Consumer of Metals, LME Has More than 460 Approved Warehouses Globally “
Matthew Chamberlain, LME CEO: “The addition of Hong Kong to our global warehousing network is an exciting development, providing warehouse facilities closer to the metals hubs of Mainland China than ever before. Mainland China is the world’s largest consumer of metals, and with its outstanding commercial infrastructure, Hong Kong provides the natural hub for connectivity to the Chinese market that is so important to market participants and the wider metals industry. We have had significant interest from warehouses, landlords and metal owners in the listing of Hong Kong as a metals delivery point and we look forward to being able to announce the first LME warehouse listing.”
Note – The LME does not own or operate warehouses. It authorises warehouse companies and the warehouses they operate to store LME-registered brands of metal on behalf of warrant holders, and issue LME warrants through their London agent for material delivered into their approved warehouses.
Hong Kong Exchange & London Metal Exchange Hosted LME Asia Week 2024 on 27th June 2024 in Hong Kong Attended by 2,000 Industry Leaders, Regulators, Investors & Corporates, New Holding Company HKEX Global Commodities for LME & LME Clear
28th June 2024 – Hong Kong Exchange (HKEX) & London Metal Exchange (LME) have hosted the LME Asia Week 2024 (27/6/24) in Hong Kong attended by around 2,000 industry leaders, regulators, investors & corporates. Hong Kong Exchange has also recently setup a new holding company (HKEX Global Commodities) for LME & LME Clear. HKEX (27/6/24): “Hong Kong Exchanges and Clearing Limited (HKEX) and its wholly-owned subsidiary, the London Metal Exchange (LME), were pleased to successfully host LME Asia Week 2024 in Hong Kong. The events included a kick-off VIP cocktail reception and the LME Asia Metals Seminar at HKEX Connect Hall, as well as the LME Asia Dinner at the Hong Kong Convention and Exhibition Centre, which concluded today (Thursday). LME Asia Week 2024, the premier annual metals conference in the region, gathered around 2,000 high-profile industry leaders, regulators, investors, and corporates to discuss the latest trends and developments shaping the metals market. The events featured over 20 speakers, with distinguished guests including Michael Wong, Deputy Financial Secretary of the HKSAR Government; Carlson Tong, Chairman of HKEX; John Williamson, Chairman of the LME, Bonnie Y Chan, Chief Executive Officer of HKEX; and Matthew Chamberlain, Chief Executive Officer of the LME … … HKEX has made enhancements to the holding company providing ownership of the LME and LME Clear, underscoring the Group’s strategic commitment to the further development of its commodities business. The newly-named HKEX Global Commodities Limited, which has formed a board made up of senior HKEX representatives and chaired by HKEX Director, Apurv Bagri, along with other directors, HKEX Chairman, Carlson Tong, HKEX Chief Executive Officer, Bonnie Y Chan, and Senior Advisor to the HKEX Board, Laura M Cha, will help oversee the Group’s global commodities business.”
HKEX Chairman, Carlson Tong: “I’m honoured to welcome our colleagues from the LME and participants from the metals community to Hong Kong. It’s a privilege to be part of the LME community, which stands as the backbone of this great institution, upholding integrity and trust. There is no doubt that the future of the global economy will continue to be shaped by the metals industry. HKEX is fully committed to supporting the LME in fulfilling its roles, meeting its responsibilities and achieving its ambitions.”
LME Chairman, John Williamson: “In a world increasingly shaped by technology, metal continues to serve as a fundamental element that supports our progress. From ancient tools to modern innovations, metal remains important in the global marketplace, and we will strive to build a sustainable and prosperous future for the commodities industry. The LME is committed to enhancing business practices and market infrastructure, embracing modernisation to ensure we meet the evolving needs of our stakeholders.”
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