Martin Abbot says brokers are unhappy with the exchange's new fees as well as the sense that the LME is moving away from its traditional metals trading roots.
Fresh fall brings monthly copper price decline to more than 10% as gauge of Chinese manufacturing shows rate of job losses near post-financial crisis record.
Higher gold prices will push miners to restart or speed up development of projects, leading a fresh wave of mergers and acquisitions in the country, according to BMI Research.
