LME is the London Metal Exchange. London Metal Exchange (LME) is the largest non-ferrous metal exchange in the world. The price and inventory of LME have an important influence on the global production and sales of non-ferrous metals. /kloc-In the middle of 0/9th century, Britain was the largest producer of tin and copper in the world.

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London Metal Exchange (LME) is the largest non-ferrous metal exchange in the world, established in 1876, and is an indirect wholly-owned subsidiary of HKEx. The trading varieties are copper, aluminum, lead, zinc, nickel and aluminum alloy. The price and inventory of the exchange have an important impact on the production and sales of non-ferrous metals around the world.

The price and inventory of London Metal Exchange have an important influence on the production and sales of non-ferrous metals worldwide. /kloc-In the middle of 0/9th century, Britain was the largest producer of tin and copper in the world. With the passage of time, the industrial demand is increasing, and Britain urgently needs to import a large number of industrial raw materials from foreign mines.

Since the beginning of this century, the London Metal Exchange has publicly released its trading price, which has been widely used as the benchmark price of world metal trade. 70% of the global copper production is traded according to the official quotation published by the London Metal Exchange.

The London Metal Exchange, the world's largest metal exchange, will accept RMB as collateral for banks and brokers to trade on this platform, which is the latest step in the process of RMB globalization. The trading volume of London Metal Exchange in 20 14 years is 15 trillion USD, and the pledged currencies accepted by the exchange include USD, EUR, GBP and JPY.

LME (London Metal Exchange) is actually a world-class metal exchange with a history dating back to 1877. Like CME, it can be said that it has a history of one hundred years. Metal trading in London is much earlier than there. At first it was copper and zinc. Because of the industrial revolution, the demand for metals is very important.

LME is different from many exchanges in market share, open contract and LME. Hedging is often carried out, and most positions are open positions. The daily trading volume of LME is not much. As an asset class, investment funds flow into commodities and metals, with emphasis on long-term funds. Pension funds buy metals and hold metals for some time, and most of their businesses are in hedging and the real economy.