What Is the London Metal Exchange (LME)? Definition and History

The London Metal Exchange (LME) is the world's leading market for industrial metals. It is a global marketplace for trading base metals, including copper, aluminum, nickel, zinc, lead, tin, and cobalt. The LME was founded in 1877 and is headquartered in London, England.

The LME is a regulated market, which means that it is subject to the rules and regulations of the Financial Conduct Authority (FCA). The LME is also a self-regulating organization, which means that it is responsible for setting its own rules and regulations.

The LME operates a number of different trading platforms, including a ring trading floor, an electronic trading platform, and a derivatives trading platform. The ring trading floor is the traditional method of trading on the LME, and it is where the majority of trading activity takes place. The electronic trading platform is a more modern method of trading, and it allows traders to trade LME contracts 24 hours a day, 7 days a week. The derivatives trading platform allows traders to trade LME contracts on a futures basis.

The LME is a major global marketplace for industrial metals. It is the world's largest market for copper, aluminum, nickel, and zinc. The LME also plays an important role in the pricing of other industrial metals, such as lead, tin, and cobalt.

The LME is a significant contributor to the UK economy. It employs over 2,000 people and generates over £1 billion in annual revenue. The LME also makes a significant contribution to the UK's balance of payments.

The LME is a global leader in the development of new financial products and services. It was the first exchange to introduce electronic trading, and it was also the first exchange to offer trading in derivatives on LME contracts. The LME is constantly innovating, and it is always looking for new ways to meet the needs of its customers.

The LME is a major global marketplace for industrial metals. It is the world's largest market for copper, aluminum, nickel, and zinc. The LME also plays an important role in the pricing of other industrial metals, such as lead, tin, and cobalt. The LME is a significant contributor to the UK economy. It employs over 2,000 people and generates over £1 billion in annual revenue. The LME also makes a significant contribution to the UK's balance of payments. The LME is a global leader in the development of new financial products and services. It was the first exchange to introduce electronic trading, and it was also the first exchange to offer trading in derivatives on LME contracts. The LME is constantly innovating, and it is always looking for new ways to meet the needs of its customers.