Biden officials make last-ditch push for Greenland mining investment
Greenland contains large deposits of most of the minerals considered critical by the US Geological Survey.
Hours before the auction-based and auditable substitute for the 117-year old silver fix goes live on Friday there was still no certainty over who will take part or how trades will be routed.
The LBMA-led search for an alternative to the gold and silver fix came as market regulators had been scrutinizing benchmarks across the financial sector in the wake of a scandal involving rigging of interest rates.
Ross Norman, CEO of Sharps Pixley, discusses the implications of the end of London’s Victorian era silver fix on CNBC.
