2. The London Metal Exchange (LME for short) is the largest nonferrous metal exchange in the world, established at 1876. Trading varieties are copper, aluminum, lead, zinc, nickel and aluminum alloy. The price and inventory of the exchange have an important influence on the global production and sales of non-ferrous metals.
3. Global Metal Network is a professional website for e-commerce among enterprises in metallurgical industry, which is dedicated to the world's largest data distribution center and trade market of metal market. Rich information, accurate positioning and rapid release make Global Metal Network the first choice for people in metallurgical industry to obtain metal information and promote enterprises.
4. London copper is also called LME copper (LME is short for London Futures Exchange). LME is the world's largest copper futures trading market, established in 1876, and its trading varieties include copper, aluminum, lead, zinc, nickel and aluminum alloy. The futures trading of copper began at 1877. There are two kinds of copper traded: negative grade copper and A grade copper. Copper bar: The specification standard is Grade A copper, and the weight is between 1 10- 125 kg. Among them, the trading of cathode copper is the most active. All delivered copper must have Grade A copper approved by the London Stock Exchange, which conforms to the British BS 6017-1981standard classification specification.
1, foreign media10 June 19 News: LME of London Metal Exchange indicated that it would modify the copper loan rules. Set a limit on the spot premium for tomorrow's contract. Introduce a late delivery mechanism for some contracts. At the same time, these adjustments are temporary. The chaotic trend of various global energy markets has spread to the metal market. Last Friday, LME copper stocks on the London Metal Exchange hit the lowest level since 1974, and the global supply tension escalated sharply, which led to a sharp rise in copper futures spreads, pushing copper prices to the biggest weekly increase (9%) since 20 10000, and rebounding to more than $0.000 per ton 10000. Compared with Goldman Sachs, metals in European warehouses,
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2. 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.
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 turnover of London Metal Exchange in 20 14 years is 15 trillion dollars. At present, the pledged currencies accepted by the Exchange include US dollar, Euro, British pound and Japanese yen.