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LME Aluminium contracts trade on the London Metal Exchange, which introduced them in 1978. [12] The contracts require physical delivery of the asset for settlement, and deliverable assets for the contracts are 25 tonnes of high grade primary Aluminium. The contracts prices are quoted in US dollars per tonne.
Spot price. At London Metal Exchange warehouse. 51: Sb: Antimony: 6.685: 0.2 (5.54 ... Price per barium contained, includes cost, insurance, and freight. Barium ...
The London Metal Exchange is an example of a metals exchange where metal is traded as futures contracts providing pricing for defined purity and contract size. The LME Copper contract for example is for delivery of 25 tonnes of Grade A copper cathode at a specified location and priced in United States dollars. This is used to set the price of ...
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.
Aluminum can prices vary by region and are based on weight. The average recycling value per pound of cans in the U.S. is currently $0.56. How many aluminum cans are in a pound?
The London Metal Market and Exchange Company (London Metal Exchange) was founded in 1877, but the market traces its origins back to 1571 and the opening of the Royal Exchange, London. Before the exchange was created, business was conducted by traders in London coffee houses using a makeshift ring drawn in chalk on the floor. [19]
The price fell to $2 per pound in 1889 and to $0.5 per pound in 1894. [97] By the end of 1889, a consistently high purity of aluminium produced via electrolysis had been achieved. [98] In 1890, Webster's factory went obsolete after an electrolysis factory was opened in England. [68]
Zinc sale prices were 80 cents per pound in July 2008, [109] which was typical of its 2004–2008 pricing levels. [109] By January 2009 it had bottomed out and was worth 45 cents per lb. [109] A spectacular bull market and increased Chinese interest in galvanised construction steel caused prices to top off at $1.20 per pound of metal by January ...