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 ?
Meanwhile, benchmark London Metal Exchange prices fell to six-year lows towards the end of September, a near 20% drop from a year earlier.
Country: UKSector: Banking/Financial Services, Metals/MiningTarget: The London Metal Exchange (LME)Buyer: HK Investment (UK) Limited, Hong Kong Exchanges and Clearing Ltd (HKEx)Vendor: LME Holdings LimitedDeal size in USD: 2.
29, 2012 (CENS) -- Taiwan's southernmost Kaohsiung harbor is expected to submit registration to the LME in 2013 become by the end of that year a delivery harbor for the London Metal Exchange (LME), pending Taiwan Cabinet's approval of an amendment to offer internationally traded metals conditional privilege of business tax exemption in the free trade zone, enabling Kaohsiung to follow Incheon, Busan, Singapore and Malaysia to be LME's fifth delivery harbor in Asia.
TOKYO, June 15 (KUNA) -- Hong Kong bourse operator Hong Kong Exchanges and Clearing (HKEx) said Friday it has agreed to buy the London Metal Exchange (LME), the world's largest base metals futures market, for HKD 16.
In relation to this, Kaufmann-Rothstein International announced that in relation to its metal futures expansion, it is in the process of acquiring membership on the London Metal Exchange.
Steel future prices on the London Metal Exchange have risen by 7.
The price for zinc, used to rust-proof steel, averaged 37 per cent higher in the quarter on the London Metal Exchange, bouncing back from the slump of a year earlier due to global recession.
The London Metal Exchange formally launched its first overseas office in Singapore on Thursday, saying it intends to expand its business in Asia amid fast-growing demand in the region for metals and commodities.
8% despite the decline in spot prices on the London Metal Exchange of several non-ferrous metals in the same period.
The London Metal Exchange (LME) is introducing major changes to its plastics futures contracts for PP and LLDPE that it introduced two years ago.
What we are looking for is to create additional value for the company beyond what you get by selling it on the London Metal Exchange (LME).
Meanwhile, the London Metal Exchange (LME) August short-term futures contract for butene LLDPE for blown film (55.

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