LME plans new products, warehouses in China

The London Metal Exchange, the world's biggest industrial metals bourse, is looking for ways to expand in China.

LME Chief Executive Officer Garry Jones said in an interview in London on Wednesday that the exchange wants to boost its share of the market by adding new products, and that plans to extend its network of 700 warehouses into China are still "on the shopping list".

He said the bourse may also add a membership category for introducing brokers and provide more access to proprietary firms that trade for their own account.