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The State Reserves Bureau Copper Scandal refers to a loss of approximately $150 million USD as a result of trading LME Copper futures contracts at the London Metal Exchange (LME) by rogue trader Liu Qibing, who was a trader for the Import and Export Department of the State Regulation Centre for Supply Reserves (SRCSR), the trading agency for ...
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.
Price of copper 1959-2022 A copper nugget. The State Reserves Bureau copper scandal refers to a loss of approximately US$150 million as a result of trading LME Copper futures contracts at the London Metal Exchange (LME) by rogue trader Liu Qibing, who was the chief trader for the Import and Export Department of the State Regulation Centre for Supply Reserves (SRCSR), the trading agency for the ...
LME Copper: Metric Ton: USD ($) London Metal Exchange, New York: HG Lead: ... London Metal Exchange: Precious Metals. Commodity Contract size Currency Main exchange
London Metal Exchange: LME London, United Kingdom Industrial Metals, Plastics (Delisted in 2011) Power Exchange Centra Europe [17] PXE Prague, Czech Republic Power Belarusian Universal Commodity Exchange: BUCE Minsk, Belarus Metals, Agricultural, Timber, Industrial and consumer goods Saint-Petersburg International Mercantile Exchange [18] SPIMEX
The company was the main copper supplier in China. [2] Since 15 February 2017, Baiyin Nonferrous is a listed company in the Shanghai Stock Exchange. In 2017, the localized version of Fortune ranked Baiyin Nonferrous as the 116th of top 500 Chinese enterprises. [3]
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 ...
It notably holds the distinction of being the first entity in Greater China to attain the status of a Category 5 Associate Trade Member of the prestigious London Metal Exchange (LME). Lee Kee's range of offerings encompasses a diverse array of metals, including base metals such as zinc , aluminium , nickel , and copper , as well as zinc alloy ...