LME Becomes the Best Platform for China to Improve Commodity Pricing
ANBOUND
On January 8, London Metal Exchange (LME) stated that GF Financial Markets(U.K.)Ltd, a subsidiary of GF Securities, will be upgraded to Category 1 member. ANBOUND think tank scholars pointed out that LME is the largest non-ferrous metals exchange; the London Stock Exchange and stock price have great influence on the production and sales of non-ferrous metals in the world. China is the largest and most important buyer of non-ferrous metals. After LME being acquired by Hong Kong Exchanges and Clearing Limited, its close cooperation with China has assist the later to get the right pricing and improve its international commodity price as well as promotes the Internationalization of Renminbi at the same time.