Abbott keen to limit impact of queues

Oct 17, 2012 | 12:51 PM | Mark Burton

Tags  LME, LME Week, Martin Abbott, HKEx, Hong Long Exchanges & Clearing, Charles Li, warehousing queues, MF Global Natixis Commodity Markets

LONDON — The debate over London Metal Exchange warehousing has become as much of a constant as death and taxes, LME chief executive officer Martin Abbott told guests at the exchange’s annual dinner Tuesday.

"It is said that the two certainties in life are death and taxation, but for the LME there is a third certainty," he said, referring to warehousing.

Charles Li, chief executive officer of Hong Kong Exchanges and Clearing Ltd. (HKEx), a day earlier spoke publicly on warehousing for the first time, describing it as the one issue that might have led the Asian bourse to drop its bid for the LME (, Oct. 16). ....

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