The US-China trade war and swingeing sanctions on Russian oligarchs have proved a boon for business at the London Metal Exchange.
The 141-year-old bourse has seen a 9 per cent rise in trading volumes in 2018 as users rushed to protect themselves from volatile market conditions or bet on the direction of prices, according to Matthew Chamberlain, chief executive of LME.
“If we can keep that over the next few years, that’s great for us and great for our shareholders,” said Mr Chamberlain during an interview ahead of LME Week, the biggest annual gathering of the metals and mining industry.
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