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LME contracts allow all those along the metal supply chain – from miners, smelters and fabricators, to merchants and consumers - to hedge against price risk. |
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Futures contracts are purchases or sales of goods for a specified delivery date in the future at prices established today |
LMEX is an index based on the six designated LME primary metals contracts. |
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Option contracts give trade hedgers and investors a flexible alternative to futures as a means of trading on the Exchange |
TAPOs are Exchange cleared contracts based on the LME Monthly Average Settlement Price (MASP). |
LMEmini's are small-sized, cash settled, monthly futures contracts for copper, aluminium and zinc. |
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All LME contracts are traded in lots - which vary in size from 1 to 65 metric tonnes depending on the underlying metal - and priced in US dollars. The LME publishes official exchange rates to enable settlement in pound sterling, Japanese yen and Euros, as well as US dollars.
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