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Contract specification

LME LMEX Futures and Traded Options Summary Specificiations

 LMEX Futures Summary Contract Specification
 LMEX Options Summary Contract Specification

The Index is an index on the six designated LME primary metals contracts denominated in US dollars.

Index weighting

Weightings of the six metals are derived from global production volume and trade liquidity averaged over the preceding five-year period.

Constituent metal  Primary
Aluminium
Copper Lead Nickel Tin Zinc
 Approx no of lots 25 20 5 5 3 8
 Tonnage 625 500 125 30 200 200
Volume weighting 41.8 33.4 8.4 2.0 1.0 13.4

Index value

The index value is calculated as the sum of the prices for the three qualifying months multiplies by the corresponding weights, multiplied by a constant.

 
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