Business Visits
Asian Metal London visits the London Metal Exchange
On the 15th August, Asian Metal London was invited to visit the London Metal Exchange and was given the opportunity to watch a 30 minute trading session where such major base metals like Copper, Tin, Lead, Zinc and Aluminium were being traded.
According to their website, the London Metal Exchange (LME) is the world centre for industrial metals trading. Most of the world’s non-ferrous metals business is conducted on their three trading platforms: LMEselect (electronic), the Ring (open outcry) and the 24-hour telephone market. The LME was purchased by Hong Kong Exchanges and Clearing in 2012.
During the session, there were separate 5 minute slots allocated the different metals where contracts and cash purchases take place with the last minute of every 5 minute slot only for spot sales.
