ANALYSIS-Talk of SHFE ousting LME from top spot premature

Newswire

* Clear potential longer term for shift to Shanghai * Need yuan convertibility, business reform * Foreign reluctance for local domestic partnerhips By Pratima Desai LONDON, May 26 (Reuters) - Metals trading in Shanghai has surged dramatically since early 2009, but talk of it ousting London as a world benchmark is premature because of restrictions on China's currency and foreign firms. Volumes of copper futures traded on the Shanghai Futures Exchange (SHFE) last year rose to nearly ...

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