LME Copper

Copper bars stacked in an LME-approved warehouse, symbolizing global copper trading and storage.
LME Copper contracts represent a small share of global copper trade.

LME Copper is a group of spot, forward, and futures contracts, trading on the London Metal Exchange (LME), for delivery of Copper (Grade A), which can be used for price Hedging, physical delivery of sales or purchases, investment, and speculation.

As of 2019, LME Copper contracts are associated with 144,675 tonnes of physical copper reportedly stored in LME-approved warehouses around the world, or around 0.7% of 2019 world copper production of 20.6 million tonnes.

This page is issued from Wikipedia. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.