The prices discovered on LME trading platforms are global reference prices.
These are vitally important to miners, smelters, refiners and consumers as they use these prices when negotiating physical deals, either at a ‘discount’ to the LME price, or at a ‘premium'.
For information about how the European Benchmarks Regulation applies to the LME and the prices that is publishes, please see our European Benchmarks Regulation page.
Where can I access LME prices and reports?
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Resources
LME Digest: How are LME Reference Prices Used in Physical Metals Contracts
LME Digest: The Role of Premiums and Discounts in Pricing of Industrial Metals Contracts
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