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Business London Metal Exchange CEO pledges support for yuan use in trades
London Metal Exchange CEO pledges support for yuan use in trades

London Metal Exchange CEO Matt Chamberlain has pledged to support use of the yuan, citing many Chinese players active on the market. The LME allows clearing in dollars, euros, yen and sterling, but yuan is only for cash collateral. Chamberlain said the "RMB project" would help London as an offshore

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