London Metal Exchange to hike trading and clearing fees from Jan 2020

LONDON (Reuters) - The London Metal Exchange (LME) will raise its trading and clearing fees 8% from January 2020, its first increase in five years to fund new projects and keep up with inflation, the exchange said on Wednesday in a statement.The exchange, owned by Hong Kong Exchanges and Clearing Ltd , also said it would increase the over-the-counter booking fee to $1.14 per lot from $1.The 142-year-old LME has in the past come under fire from its members for lofty fees, forcing it to trim..