China sets sights on LME with new graphite trading platform

By Laura Syrett
Published: Tuesday, 09 September 2014

A China-based trading platform that includes industrial minerals as well as metals could pose a direct threat to the LME’s coveted position in the commodities trading industry, but even parties to the latest exchange scheme admit that details for the plan are sketchy.

A new trading mechanism for conducting graphite deals in China will form part of Beijing’s ambitious scheme to create an Asian rival to the London Metal Exchange ( LME), IM has learned.

An agreement to launch the Qingdao International Graphite Exchange was signed at the Grapchina 2014 graphene conference...

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