LME Greenlights Hong Kong's First Warehouse Facilities

Big news in the world of finance and trade! The London Metal Exchange (LME) has just approved its inaugural four warehouse facilities in Hong Kong, marking a significant milestone for the region as a central hub for metal logistics.

Following the LME's designation of Hong Kong as an official warehouse location on January 20, 2025, CEO Matthew Chamberlain expressed his enthusiasm: "Confirming the listing of our first warehouse facilities so quickly is an exhilarating development. We appreciate the keen interest shown by warehouse companies, service providers, and metal owners eager to tap into Hong Kong's storage and logistics capabilities."

Hong Kong: The New Global Metals Hub

With this strategic move, Hong Kong is poised to reinforce its status as a pivotal global metals hub. Not only will it serve the needs of the region, but it will also act as a gateway to the lucrative Mainland China market, solidifying its role in international finance and trade.

Details of the Newly Approved Facilities

Here’s a closer look at the approved warehouse facilities and their offerings: - **GKE Metal Logistics Pte Ltd** (Local Partner: China Resources Logistics) – Storages for aluminium alloy, primary aluminium, copper, nickel, lead, tin, and zinc (Two facilities available). - **Henry Diaper & Co. Ltd** (Local Partner: Sinotrans) – Offers storage for aluminium alloy, lead, tin, and zinc. - **PGS (East Asia) Pte Ltd** (Local Partner: SF Supply Chain) – Capable of storing aluminium alloy, primary aluminium, copper, nickel, lead, tin, and zinc.

All facilities have successfully passed LME inspections and comply with the necessary transport and logistics standards. They are set to go live, allowing for the storage of LME-warranted metals in just three months!

A Snapshot of the LME's Global Warehousing Network

Currently boasting over 450 approved storage facilities across 33 global locations, the LME does not own or operate warehouses; instead, it authorizes companies to store LME-listed metals on behalf of warrant holders.