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LME Copper futures prices are also a part of the S&P GSCI commodity index, which is a benchmark index widely followed in financial markets by traders and institutional investors. Its weighting in these commodity indices give LME Copper futures prices non-trivial influence on returns on a wide range of investment funds and portfolios. Conversely ...
ITC supported the price of tin during periods of low prices by buying tin for its buffer stockpile and was able to restrain the price during periods of high prices by selling from the stockpile. This was an anti-free-market approach, designed to assure a sufficient flow of tin to consumer countries and a profit for producer countries.
The London Metal Exchange (LME) is a futures and forwards exchange in London, United Kingdom with the world's largest market [1] in standardised forward contracts, futures contracts and options on base metals. The exchange also offers contracts on ferrous metals and precious metals. [2] The company also allows for cash trading.
The contracts prices are quoted in US dollars per tonne. LME prices have minimum tick sizes of $0.50 per tonne (or $12.50 for one contract) for open outcry trading in the LME Ring and electronic trading on LMEselect, while minimum tick sizes are reduced for inter-office telephone trading to $0.01 per tonne (or $0.50 for one contract).
Within recorded history, Cornwall and Devon only dominated the European market for tin from late Roman times, starting around the 3rd century AD, as many Spanish tin mines were exhausted. [23] Cornwall maintained its importance as a source of tin throughout medieval times and into the modern period.
LME Nickel stands for a group of spot, forward, and Futures contracts, trading on the London Metal Exchange (LME), for delivery of primary Nickel that can be used for price hedging, physical delivery of sales or purchases, investment, and speculation. Producers, semi-fabricators, consumers, recyclers, and merchants can use Nickel futures ...
The International Tin Council (ITC) was an organisation which acted on behalf of major tin producers and consumers to control the international tin market.. An International Tin Study Group, which was established in 1947 to survey world supply of and demand for tin, led to the treaty, the International Tin Agreement, signed in 1954, and the formation of the ITC in 1956.