The London Metal Exchange’s open outcry trading floor may remain closed for many more months as it cannot be reopened under COVID-19 social distancing restrictions, the head of the exchange said.
LME CEO Matthew Chamberlain also told Reuters the exchange would look at potential M&A activity, but nothing was on the agenda currently.
"The challenge we have with the ring is that it’s all or nothing," he said in an interview.
"It is certainly a possibility that if social distancing is required for many more months, then the ring is closed for many more months."