London Metal Exchange


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London Metal Exchange (LME)

A market for trading base metals, where traded options contracts are available against the underlying futures contract.

London Metal Exchange

The world's largest futures and options exchange for metals. It was established in 1877, though it traces its roots back to 1571. The LME trades derivative products based on copper, lead, zinc, aluminum and aluminum alloy, nickel, steel, and tin. Since 2005, plastic has traded on the LME.

London Metal Exchange (LME)

A major London trading facility formed in 1877 that currently trades futures and option contracts for six major metals: aluminum, copper, lead, nickel, tin, and zinc. The LME also trades futures and option contracts on a base metals index.

London Metal Exchange

see COMMODITY MARKET.
References in periodicals archive ?
9% in the third quarter of 2015 despite significant drops in London Metal Exchange prices.
May 26 /PRNewswire/ -- Investors can follow real-time trading of Foreign Exchange Rates, Garvin real-time bonds, the London Metal Exchange (LME) and the Singapore International Monetary Exchange (SIMEX) on their own PCs with the release of Signal version 4.
The market price for lead alone has increased more than 25 percent since our price action announcement on December 1, 2005 from approximately $1,060 per metric tonne to more than $1,330 per metric tonne on the London Metal Exchange," Mr.
2 per cent to $7,635 a metric tonne by 10:38 am on the London Metal Exchange.
Copper markets continue to strengthen, with futures in the middle of April reaching a record-high price on the London Metal Exchange.
The reversal resulted from higher losses from primary aluminum activities due to lower metal prices -- which declined 9% on the London Metal Exchange -- as well as from a sharp decline in earnings from downstream aluminum mill products businesses, whose principal markets suffered from the economic recession in Europe.
The report confirms, based on current London Metal Exchange prices and currency exchange rates and the ore resource as now defined to the Australian Joint Ore Reserves Committee (JORC) standards, that the deposits should be economic to mine and sufficient to meet the requirements of the company's existing permits.
8 per cent to $7,675 a metric ton by 10:03 am on the London Metal Exchange.
While the late 2004 run-up in copper provided an opportunity for some retrenching to take place, stocks at the London Metal Exchange have declined.
This oversupply has led to unusually large inventories of the metal held in London Metal Exchange (LME) warehouses around the world.
Aluminum prices on the London Metal Exchange, on a 30-day lagging basis(a), fell $80 per metric ton, and there was an additional $40 per metric ton decline in the premium for mid-west delivery.
5 per cent to $8,270 a metric tonne by 10:33 am on the London Metal Exchange.

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