LMEmini physical specifications

Underlying parent contract physical specifications

• LME Copper - Grade A Copper BS 1978: 1988 (Cu-CATH-1)
• LME Aluminium - Primary aluminium of 99.7% purity (minimum) - P1020A
• LME Zinc - Special high grade zinc of 99.995% pruity (minimum) - BS EN 1179:2003

Lot size

• 5 metric tonnes

LMEmini futures contract specifications

• US dollars

Minimum price movement

• $0.25; $0.01 for a carry

Prompt date

• Third Wednesday of each maturity month, subject to trading regulations 

Maturity months

• Monthly for twelve months, unless the contract is made after the Last Trading Time (see settlement basis below) for the calendar month on which the contract is made, in which case, eleven months

Trading platforms

• Traded on LMEselect and on the interoffice telephone market

Daily Price Limit 

• None

Position Limit

• None

Last trading time

• Two LME business days before the 3rd Wednesday of the contract month trading in the expiring contract will close at 12.30 London time.

Settlement basis

• Cash settlement on the last trading day basis the Official Cash Settlement Price determined for the prompt date for the relevant underlying metal.

• MC - Copper
• MA - Primary Aluminum
• MZ - Zinc

Law / Regulation

This is a summary of the contract specifications. For full contract specification details, please refer to the LME Rulebook which details the complete rules and regulations of LME contracts.

LME contracts may only be offered or sold to United States foreign futures and options customers by firms registered with the Commodity Futures Trading Commission (CFTC), or firms who are permitted to solicit and accept money from foreign futures and options customers from trading on the LME pursuant to CFTC Rule 30.10.

Arbitration

In the case of unresolved disputes, arbitration is effected via the LME arbitration procedure, and/ or by other body agreed by the parties.