Six Members Resign From London Metal Exchange

[mick silver]

http://www.nasdaq.com/article/six-me...20160205-00607
Six companies, including the world's second-biggest iron ore exporter, have all given up their membership of the London Metal Exchange, the metals bourse said Friday.
Anglo-Australian mining powerhouse Rio Tinto Ltd. resigned as a category five member of the LME effective immediately.
In an LME notice to members, no reason was given for the decision. A spokeswoman declined to comment.



Europe's biggest metals exchange, which is owned by Hong Kong Exchanges & Clearing Ltd., also approved the resignations of Cargill International S.A., Nyrstar Budel BV, Enmetco LLC, Lonconex Limited and MetAlliance LLP.
There are 48 category five members remaining, including Rio Tinto rivals BHP Billiton Ltd and Glencore PLC.
Write to Ese Erheriene at ese.erheriene@wsj.com

(END) Dow Jones Newswires 02-05-161535ET Copyright (c) 2016 Dow Jones & Company, Inc.

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This article appears in: Energy , Commodities

Referenced Stocks: 8GC


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[Glass]

no price at which you can game it = taking the bat and ball home.