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.
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