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 ?
The 142-year London Metal Exchange, or LME, also has a reputation for an unpleasant working culture.
BMW AG (Xetra: BMW), a Germany-based automaker, and Sweden-based Volvo are planning to experiment with steel contracts to be launched by the London Metal Exchange (LME) early next year, according to industry sources.
The event was attended by dignitaries from DP World, Dubai Customs, the London Metal Exchange, Commercial Bank of Dubai, clients, key members from the logistics fraternity, contractors, consultants, service providers, as well as senior management of Access World & RHS Group, said a statement.
The Financial Conduct Authority (FCA) has received applications under Article 54(2) from the trading venues ICE Futures Europe and the London Metal Exchange ("LME").
In the same period, the price of zinc has increased nearly 15 per cent globally, reaching a ten-year high at the start of 2018 (source: London Metal Exchange).
The main exchange sites are London Metal Exchange (LME, London Metal Exchange) and New York Stock Exchange (NYSE, New York Stock Exchange).
Primary inbound cargo opportunities for New Orleans include fresh fruits, forest products and containerized copper to be traded on the London Metal Exchange, while export cargo include fresh poultry and plastic resins for manufacturing.
Aluminium Bahrain announced its production increased by 2.9% in the third quarter of 2015 despite significant drops in London Metal Exchange prices.
Owners of London Metal Exchange warehouses had managed to hugely inflate rental revenues by letting queues swell for buyers of LME futures contracts to withdraw metal from their sheds, in some locations to more than a year.
The people specified that the London Metal Exchange (LME) would be part of the sale.
The contract for delivery in three months fell 0.2 per cent to $6,960.25 a metric ton by 10:23am on the London Metal Exchange after losing as much as 0.9 per cent to $6,910 a metric tonne, the lowest intra-day level since August 7.
Hindalco, which pegs its domestic sales to the dollar-denominated prices of the London Metal Exchange, benefitted as the rupee sank 8.6% against the greenback in the last quarter.

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