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At least four exchanges have submitted bids to buy the LME which has been running as an open outcry commodities exchange for 135-years.

The Hong Kong Exchanges and Clearing Exchange has confirmed that it is interested in buying the LME.

The US-based CME Group, NYSE Euronext and IntercontinentalExchange are also believed to be involved in the process, which would give them access to more than 80% of non-ferrous metals trades.
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Uganda News.Net has been servicing this East African republic since 1999.
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Uganda News.Net transmits news from around the country and individual cities including the capital Kampala, Gulu, Lira, Jinja, Mbarara, Mbale, Mukono, Kasese, Masaka, Entebbe, Njeru, Kitgum, Arua, Kabale, and Tororo. Uganda News.Net has been delivering national Ugandan news for well over a decade. It also generates international headlines and business reports.