LME is the the London Metal Exchange. This is like the stock market where at the end of day there is a set price on various metals (copper, aluminum, gold)
the comex prices are in pounds and the lme prices are in tonne so u divide the lme price by 2240 to get the comex price
Price /Quality: LME based as in the contract. LME CASH x % Cu x FACTOR% ( Paying Rate) x (1-H2O) = Price USD/DMT CFR ..... +28,00% : LME(Cash buyer) X Cu% ....% Factor X (1-moisture)/ DMT 25-27,99% : LME(Cash buyer) X Cu% ...% Factor X (1-moisture)/ DMT 23-24,99% : LME(Cash buyer) X Cu% .....% Factor X (1-moisture)/ DMT
To convert copper prices from COMEX to LME, you can monitor the daily price differentials between the two exchanges. Due to variations in demand, supply, and other market factors, prices may differ. Use this differential to adjust the prices as needed for comparison and analysis.
the MWTP Is the LME plus a premium.
LME (London Metal Exchange) registered copper refers to copper that meets the exchange's quality standards and is stored in LME-approved warehouses for trading. Non-LME registered copper may still meet industry standards but is not stored in LME-approved warehouses. The main difference lies in the storage location and the ability to trade on the LME platform.
The LME (London Metal Exchange) price of copper ore is the current market price of copper ore per metric ton traded on the London Metal Exchange, which operates as a global commodity exchange for trading industrial metals. The price of copper ore can fluctuate based on supply and demand dynamics, global economic conditions, and geopolitical factors.
LME
divide by 2204.62262 (ie current LME Apr Cu $/t is 7760.3 and $/lb is 3.5200)
London Metal Exchange
To convert LME (Liquid Malt Extract) to DME (Dry Malt Extract) for your brewing recipe, you can use a simple formula: 1 pound of LME is roughly equivalent to 0.8 pounds of DME. So, if your recipe calls for a certain amount of LME, you can multiply that amount by 0.8 to determine how much DME to use instead. This conversion helps maintain the balance of sugars and flavors in your brew.
LME stands for the London Metal exchange which is the world center for the metal trading industry. The London Metal market and exchange was founded in 1877!
i dont but if you knowe tel lme