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london metal exchange (lme)

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Financial Dictionary

London Metal Exchange (LME)

A major London trading facility formed in 1877 that currently trades futures and option contracts for six major metals: aluminum, copper, lead, nickel, tin, and zinc. The LME also trades futures and option contracts on a base metals index.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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