Traded value of the London Metal Exchange has grown 9% since the beginning of the year

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Traded value on the London Metal Exchange has grown 9% since the beginning of 2018, Matthew Chamberlain, the head of the exchange, said in the interview with Financial Times. The world's largest raw exchange market has increased the indicator due to active purchases of raw materials by consumers who fear the effects of the US-China trade war and US sanctions against Russian RusAl. The fluctuations in quotes caused by these fears helped traders make money. Nevertheless, as reported by HKEX, which owns the LME, the raw material division following the results of the first half of the year reduced its profit by 20%. This was due to increased costs and reduced commissions for LME customers.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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