The facilities in Hong Kong extend LME’s global network to the doorstep of mainland China
At Tuesday’s launch of two of the eight warehouse facilities in the city certified by LME, Chan said the development was “of great significance for supporting [China’s] development strategy” and “enhancing Hong Kong’s status as an international financial and shipping centre”.
Establishing a delivery point near mainland China – one of the world’s largest markets for metal consumption and export – “will undoubtedly greatly reduce logistics time and costs compared with relying on overseas warehouses, thereby improving allocation efficiency”, he added.
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