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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.
Goldman's ownership of a quarter of the national supply of aluminum – a million and a half tons – in a network of 27 Metro International warehouses in Detroit, Michigan, was blamed. [3] [5] To avoid hoarding and price manipulation, the London Metal Exchange requires that "at least 3,000 tons of that metal must be moved out each day ...
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 $30,295 a tonne, climbing 24% since Feb. 23. London Metal Exchange ...
The London aluminium market was rocked by a short but severe squeeze last week. London Metal Exchange stocks (LME) have surged by 68% from a mid-March low of 967,325 tonnes to 1,624,775.
The London Metal Exchange's (LME) new report on "shadow" stocks was greeted with a collective yawn by the industrial metals market. The exchange's attempt to throw more light on inventories "did ...
London Metal Exchange, New York: Aluminium alloy: Metric Ton: USD ($) ... London Metal Exchange: Precious Metals. Commodity Contract size Currency Main exchange Symbol
The UK’s only open trading floor heard the familiar shouts of brokers for the first time since March 2020.
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