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LME trading floor to stay closed despite lockdown easing

Reuters | July 8, 2020 | 11:35 am Markets Europe 
LME introduces 15% daily price limits for all metals
London Metal Exchange – (Image from archives)

The easing of social distancing in England will not allow the London Metal Exchange (LME) to reopen its open-outcry trading floor, which has been closed for more than three months, the exchange said on Wednesday.

The exchange, the world’s oldest and largest market for industrial metals, said last month it would examine whether it could reopen the floor, known as the ring, after the government announced less strict social distancing rules, which took effect on July 4.

(By Eric Onstad; Editing by Jane Merriman)

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