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.
