China’s QME Plans to Expand Commodity Offering on Spot Trading Platform
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China’s QME Plans to Expand Commodity Offering on Spot Trading Platform
China’s Qianhai Mercantile Exchange (QME) is planning on expanding the range of commodities on its spot trading platform. According to an article from Reuters today, this could see the introduction of metals needed for electric vehicles.
Located in Shenzhen, QME is owned by Hong Kong Exchanges and Clearing (HKEX). The exchange provides HKEX with access to mainland China. Back on October 19, 2018 QME launched spot trading for alumina, the raw material for aluminium.
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Matthew Chamberlain, the head of the HKEX-owned London Metal Exchange (LME) said this metal ... (read more)
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