LME to introduce yuan-priced contracts - CEO

Wednesday, 20 Nov 2013 | 4:05 AM ET

SHANGHAI, Nov 20 (Reuters) - London Metal Exchange plans to introduce yuan-based contracts that would be cleared and settled in the Chinese currency, chief executive officer Garry Jones said on Wednesday.

LME also plans to launch iron ore and thermal coal contracts for the Asian region, Jones told an industry conference in Shanghai.

(Reporting by Fayen Wong; Editing by Michael Urquhart)