Shanghai Port in Advanced Talks to Acquire LME-Approved Warehouse Firm, Sources Reveal

Shanghai Port explores acquisition of LME-approved H&M Metal Warehousing with Chinese government backing, as talks intensify.

Editorial Desk

October 12, 2026 One Min Read

POLICY WIRE — London, United Kingdom — State-backed Shanghai International Port Group is reportedly in advanced discussions to acquire H&M Metal Warehousing, a London Metal Exchange (LME)-approved warehousing company, according to two sources familiar with the matter.

The potential deal, which requires approval from Chinese authorities, marks a significant move by the port group to expand its global footprint in the metals sector. The talks are part of broader efforts by Chinese state entities to strengthen their influence in international trade infrastructure.

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While details of the proposed transaction remain confidential, industry insiders suggest that the acquisition could signal a growing trend of Chinese investment in critical elements of the global commodities supply chain. The LME has been exploring new locations for its warehouse network, with Hong Kong and mainland China identified as potential targets.

Reporting by Policy-Wire (PW)

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