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Metals trading will temporarily shift to a back-up site in Chelmsford, Essex

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The London Metal Exchange is to shut down its iconic trading floor, The Ring, with members moving to a back-up site outside the City until it can go fully electronic.

The Ring will move to Chelmsford in Essex from 18 March, LME chief executive Matthew Chamberlain said in a notice to members today.

LME to shut down Ring trading after member tests positive for Covid-19

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