London Metal Exchange
The London Metal Exchange (LME) is like a store for people who buy and sell different types of metal. People come to the store to buy and sell metals like copper, aluminum, and steel. The metals are in the form of small bars and pieces, which are stored in large warehouses close to the exchange.
When people want to buy or sell metal, they make a deal at the exchange. They decide at what price they’re going to buy or sell the metal. People make a lot of money if the price of metal goes up or down.
The people who make the deals at the exchange also set the price for all of the metal that’s bought and sold around the world. This means that the prices that everyone pays for metal is usually the same or very similar to the price of metal at the LME.
The London Metal Exchange is an important market where people buy and sell metal. It helps keep metal prices fair and the same all over the world.
When people want to buy or sell metal, they make a deal at the exchange. They decide at what price they’re going to buy or sell the metal. People make a lot of money if the price of metal goes up or down.
The people who make the deals at the exchange also set the price for all of the metal that’s bought and sold around the world. This means that the prices that everyone pays for metal is usually the same or very similar to the price of metal at the LME.
The London Metal Exchange is an important market where people buy and sell metal. It helps keep metal prices fair and the same all over the world.