Base Metals Prices

London Metal Exchange (LME) is the Futures Exchange with the World's Largest Market

London Metal Exchange (LME) is the Futures Exchange with the World’s Largest Market

by

Gold Silver Reports (GSR) – The London Metal Exchange (LME) is the futures exchange with the world’s largest market in options and futures contracts on base and other metals. As the LME offers contracts with daily expiry dates of up to three months from trade date, weekly contracts to six months, and monthly contracts up to 123 months, it also allows for cash trading. It offers hedging, worldwide reference pricing, and the option of physical delivery to settle contracts. Since 2012 it has been owned by Hong Kong Exchanges and Clearing, after LME’s shareholders voted in July 2012 to approve the sale of the exchange for a price of £1.4 billion.                             

READ MORE →

Base Metal Prices Today

Trump Metals Tariffs Make Granite City Great Again, But at what Cost?

by

Gold Silver Reports (GSR) – Trump Metals Tariffs Make Granite City Great Again, But at what Cost? — After Donald Trump was elected president in 2016 on a pledge to “Make America Great Again” and revive the country’s old industrial heartland, Dave Chrusciel hoped someday to return to his previous job at the steel mill here in this southern corner of Illinois. That day has arrived. Chrusciel, 61, is one of around 500 workers United States Steel Corp (X.N) is re-hiring or recruiting as it readies for production in mid-June at a blast furnace it idled in 2015.

READ MORE →