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LME Aluminium (or LME Aluminum in American and Canadian English) stands for a group of spot, forward, and futures contracts, trading on the London Metal Exchange (LME), for delivery of primary Aluminium that can be used for price hedging, physical delivery of sales or purchases, investment, and speculation. [1]
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.
Aluminium prices hit a record $3,867 a tonne on Friday, a 17% rise since Feb. 23, while nickel touched a near 14-year peak of $30,295 a tonne, climbing 24% since Feb. 23. London Metal Exchange ...
London Metal Exchange, New York: Aluminium alloy: Metric Ton: USD ($) ... London Metal Exchange: Precious Metals. Commodity Contract size Currency Main exchange Symbol
LONDON (Reuters) -The London Metal Exchange's (LME) three-year-long flagship project to overhaul its electronic trading system faces up to a year of further delays and mounting costs, four sources ...
The UK’s only open trading floor heard the familiar shouts of brokers for the first time since March 2020.
In the 1970s, the increased demand for aluminium made it an exchange commodity; it entered the London Metal Exchange, the world's oldest industrial metal exchange, in 1978. [99] Since then, aluminium has been traded for United States dollars and its price fluctuated along with the currency's exchange rate. [135]
The flip side is that the aluminium market probably doesn't need to worry much about the impact of this year's winter heating season restrictions in China since price has taken over from smog as ...