When considering the prospects for the new Shanghai International Energy Exchange (INE) copper contract, a senior executive at one of the world's largest metals trading companies quoted Hamlet's soliloquy in the Shakespearian play of the same name.
"In terms of promotion of the internationalization of the renminbi and weakening of the pricing power of the [London Metal Exchange] and CME: 'To be or not to be, that is the question,'" Minmetals (UK) Ltd acting managing director Liangmin Gu said.Who knows, indeed. Gu pointed out to delegates that the LME was created due to the United Kingdom's role at...