Key proposals in the London Metal Exchange's discussion paper will likely weaken the link between metals pricing and the physical market and lead to price distortions, the president of Hong Kong-based trader Global Metals Network Ltd said.
These proposals include the permanent closure of the LME ring, the incentivization of electronic trading and a switch in margin methodology, Mark Sellier said during a webinar hosted on Thursday March 11 by the Bureau of International Recycling."For the most part, I don't know too many people in the trade, in the physical...