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The London Metal Exchange (LME) is pleased to announce its approval of the first four LME-licensed warehouse facilities in Hong Kong. This follows the LME’s approval of Hong Kong as an LME warehouse location on 20 January 2025.
Matthew Chamberlain, LME CEO, said: “Being able to confirm the listing of our first warehouse facilities so swiftly after announcing Hong Kong as an LME delivery point is an exciting development for the LME. We are grateful for the strong level of interest from warehouse companies and service providers, as well as from metal owners looking to access Hong Kong storage and logistics.
“Hong Kong is now well-positioned to further develop as a key global metals hub servicing the region, and as a gateway for access to the Mainland China market – reinforcing Hong Kong’s vital role as an international financial, trade and logistics centre.”
The details of the warehouse facilities approved today, including the warehouse operators, their local partners and the LME metals approved for storage are as follows:
- GKE Metal Logistics Pte Ltd (local partner: China Resources Logistics (Yuen Fat Wharf & Godown) Limited) – aluminium alloy, primary aluminium, copper, nickel, lead, tin and zinc (two warehouse facilities listed)
- Henry Diaper & Co. Ltd (local partner: Sinotrans (HK) Warehousing Limited) – aluminium alloy, lead, tin and zinc
- PGS (East Asia) Pte Ltd (local partner: SF Supply Chain (Hong Kong) Limited) – aluminium alloy, primary aluminium, copper, nickel, lead, tin and zinc
The new storage facilities have been inspected and meet the LME’s standards in respect of transport and logistics criteria and they will be able to start storing LME-warranted metal in three months’ time, when the location will become live.
Background
- There are currently over 450 LME-approved storage facilities in 33 locations worldwide. Further details on the warehousing network can be found here.
- The LME does not own or operate warehouses. It authorises warehouse companies and the warehouses they operate to store LME-listed brands of metal on behalf of warrant holders, and issue LME warrants through their London agent for material delivered into their approved warehouses.
