The departure of Triland Metals Ltd from the ring of the London Metal Exchange does not trigger its permanent closure, with the floor still set to reopen on September 6, the exchange confirmed.
Triland, one of the nine current Category 1 members of the LME, said in a letter to customers earlier on August 10 that it has applied to switch to Category 2 membership and will not return to the ring when it reopens for the first time since its closure for Covid-19 in March 2020."For the avoidance...