London Metal Exchange, Singapore Exchange Start Metals Futures
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The London Metal Exchange and Singapore Exchange Ltd. will begin trading copper, zinc and aluminum futures on the Singapore bourse tomorrow.
The dollar-denominated LME-SGX Metal Futures will start at 8 a.m. Singapore time and will be traded and cleared on the SGX. Each contract will represent five metric tons of metal, compared with the benchmark 25-ton contracts traded in London. The Singapore Exchange is also consulting the public on the introduction of lead, tin and steel-billet futures.