Credit score: LME
The London Metallic Change loved a robust first half on the again of a surge in buying and selling volumes throughout a stormy interval for world metals markets, in accordance with the bourse’s proprietor Hong Kong Exchanges and Clearing Ltd.
HKEX stated core earnings from its commodities unit — dominated by the world’s greatest metals change — jumped by 82% from a yr earlier to $816 million. That’s the strongest outcome for the unit in years, pushed by busier buying and selling for metals from copper to aluminum, and the impact of a payment hike at first of 2024.