London Metal Exchange
What is the LONDON METAL EXCHANGE?
The London Metal Exchange is the center for industrial metals trading. The majority of all non-ferrous metal futures business is transacted on their platforms. This includes aluminum, copper, gold, silver, cobalt, and zinc. The London Metal Exchange vast group of participants includes individuals from both physical industries and financial industries. This creates a dynamic within its community that ensures there’s always material available to be traded from one of the network’s approved warehouses.
Why is the London Metal Exchange valuable?
The London Metal Exchange is one of the main commodities markets in the world. Its large network of participants creates a robust market where there’s always a transaction waiting to be made. It benefits both investors and physical industry participants by providing hedging opportunities, a vibrant futures market, and trusted price reporting. The London Metal Exchange releases price listings through the London Metal Exchange Index. It also releases warehouse and stock reports that highlights stock movements, wait times, and more.
What should you do?
Following trading activity on the London Metal Exchange can be a useful tool to understanding the cost and availability of non-ferrous metals. Majestic’s CORE Report follows the London Metal Exchange; along with other indicators every week to see where the market stands.