Bloomberg News

LME Chairman Says China Won’t Manipulate Bourse, Telegraph Says

August 12, 2012

The chairman of the London Metal Exchange said the market won’t be open to manipulation by China after the bourse’s sale to Hong Kong Exchanges & Clearing (388) Ltd., according to the Sunday Telegraph.

“If it ceased to be trusted, why wouldn’t the metal traders go somewhere else?” Brian Bender was quoted in the London newspaper. “In which case, the buyer would have wasted a lot of money on something that wasn’t worth a lot.”

To contact the reporter on this story: Isaac Arnsdorf in London at iarnsdorf@bloomberg.net

To contact the editor responsible for this story: Mike Harrison at mharrison5@bloomberg.net


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