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LME's new warehouse in Hong Kong took in 100 tons of copper.
Jin10 reported on July 8 that the daily data from the London Metal Exchange (LME) shows that its new warehouse in Hong Kong has absorbed 100 tons of copper before being put into use in mid-July. In January of this year, the LME approved Hong Kong as a delivery point owned by the Hong Kong Stock Exchange. The LME stated: "The entry of metals into LME-approved warehouses indicates that listing Hong Kong as a delivery point is an attractive option for market participants." The LME added that starting from July 15, these metals will be available to fulfill the exchange's contract delivery obligations.