LMEminis contract specifications

LME Copper

LMEminis are small-sized, cash settled monthly futures contracts.

Contract code  MC
Underlying metal Grade A copper 
Lot size 5 tonnes
Prompt date  Third Wednesday of each maturity month, subject to trading regulations
Maturity months  Monthly out for 12 months 
Price quotation  US dollars 
Clearable currency  US dollar, Japanese yen, pound sterling, euro 
Last trading time  By 12.30 two business days before the third Wednesday of the contract month trading in the expiring contract
Daily price limit  None 
Position limit  None 
Minimum price fluctuation (tick size)  Outright - $0.50
Carries - $0.01
Settlement type  Cash settled on the last trading day basis the Official Cash Settlement Price determined for the prompt date for the relevant underlying metal 
Trading venues  LMEselect and inter-office telephone 


LME Copper contract specifications

This is a summary of the contract specifications. For full contract specification details, please refer to the LME Rulebook and for other information, please refer to our disclaimer page. 

Note that all contracts are subject to the LME’s rules and regulations and LME Clear span margining.