London Metal Exchange (LME) is the Futures Exchange with the World's Largest Market

London Metal Exchange (LME) is the Futures Exchange with the World’s Largest Market

Gold Silver Reports (GSR) – The London Metal Exchange (LME) is the futures exchange with the world’s largest market in options and futures contracts on base and other metals. As the LME offers contracts with daily expiry dates of up to three months from trade date, weekly contracts to six months, and monthly contracts up to 123 months, it also allows for cash trading. It offers hedging, worldwide reference pricing, and the option of physical delivery to settle contracts. Since 2012 it has been owned by Hong Kong Exchanges and Clearing, after LME’s shareholders voted in July 2012 to approve the sale of the exchange for a price of £1.4 billion.                             

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Base Metal Prices Today

Braking News; Base Metals Drift Lower on LME; Novelis No Longer Purchasing Aluminium from Rusal; China to ban Category 7 Copper Scrap Imports by Year End

The latest Base Metals news and price moves to start the Asian day on Friday April 20.          

Base metal prices on the London Metal Exchange were lower at the close of trading on Thursday April-19-2018 despite aluminium volumes reaching a recordHigh of 41,000 lots. Read more in our live futures report.          

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Hindalco, Vedanta Gain After Aluminium Rises In International Market

Hindalco, Vedanta Gain After Aluminium Rises In International Market 

Shares of Hindalco and Vedanta rose as much as 2.8 percent and 2.7 percent each respectively after aluminium prices rose in international markets after buyers stopped buying aluminium from the world’s largest manufacturer — Rusal following sanctions imposed by U.S.           

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