The London Metal Exchange is a commodities exchange that deals in metals futures and options. It is the largest exchange for options and futures contracts for base metals, which include aluminium, zinc, lead, copper, and nickel. The exchange also facilitates the trading of precious metals like gold and silver. The LME is located in London, England, but has been owned by Hong Kong Exchanges and Clearing since 2012. The prices on the LME are considered the standard global prices for base metals. The LME also lists futures contracts on its London Metal Exchange Index which is an index that tracks the prices of the metals that trade on the exchange.Become a supporter of this podcast: https://www.spreaker.com/podcast/investment-terms--4432332/support.

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