London Metal Exchange History

Every metal traded on the lme must conform to strict specifications regarding quality lot size and shape.
London metal exchange history. London metal exchange lme history. Howard precision metals inc 8058 north 87th street milwaukee wi 53224 phone. Frequently asked questions. The london metal exchange has historical lme prices and other data for all contracts traded on the exchange.
Lme prices are very important for companies who trade in these metals. Cookie policy we use cookies for statistical and measurement purposes to help improve our website and provide you with a better online experience. Lme is now the world s leading market for non ferrous metals. Historical london fix prices of gold silver platinum and palladium from 1996 to current year.
It was there that traders in metal and a range of other commodities began to meet on a regular basis. The london metal exchange was founded in the year 1877 but has a history from the year 1571. The london metal market and exchange company was founded in 1877 but the market traces its origins back to 1571 and the opening of the royal exchange london. The owner is lme holdings limited and is located at leadenhall street city of london united kingdom.
Each lme tradeable contract is likewise governed by rules covering but not limited to prompt dates settlement terms traded and cleared currencies and minimum tick size. Before the exchange was created business was conducted by traders in london coffee houses using a makeshift ring drawn in chalk on the floor. However the origins of the london metal exchange can only be traced back as far as the opening of the royal exchange in london in 1571 during the reign of queen elizabeth i. At first only copper was traded.
Current page displays current year london fix price. The london metal exchange is the world centre for industrial metals trading. The london metal exchange is the trading and price formation venue of choice for industrial metals globally.