Traders Return to London Metal Exchange’s 144-Year-Old Ring

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Traders prepared to return to the London Metal Exchange’s storied ring in a test of the City of London’s ability to bring back workers.

Staff from the exchange’s eight dealing firms arrived early for work Monday, 18 months after Covid-19 swept through London and the 144-year-old LME closed the open-outcry ring for the first time since World War II. Dealers planned to check if equipment that matches trades and “squawks” orders back to their head offices was working before commencing trading that would determine prices used in metal contracts world-wide.