Companies bidding on the London Metal Exchange have had a difficult time determining its value. The exchange made about $15 million in profit last year, but shareholders have suggested that the firm is worth as much as $1.57 billion. The argument for the exchange's high value is that it's the outright global leader in metals futures, and that it could bring in significantly more revenue under a new owner. However, opposition from several members has also led LME to delay the implementation of its new fees system by several months.
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