The significant Index for Nobel metal
|Release time:2013-02-28 Source:admin Reads:|
London as a world famous city which has long history, splendid culture and a fast developing hi-tech. Many of its exchange indexes are regarded as an index for world trade. The London Metal Exchange is the world centre for the trading of industrial metals – more than 80% of all non-ferrous metal futures business is transacted on our platforms. The LME brings together participants from the physical industry and the financial community to create a robust and regulated market where there is always a buyer for producing metal labels and a seller for selling metal, where there is always a price and where there is always the opportunity to transfer or take on risk all day long.
The LME has evolved a multi-tiered membership structure. The LME is open to all companies that meet the relevant criteria, as established by the Exchange's rules and regulations. The LME has 7 categories of membership. Access to the market is available through Ring Dealing, Associate Broker Clearing or Associate Broker members. Because cobalt and molybdenum are by-products of copper and nickel, the LME and its members already have strong relationships in these markets. With the increase in demand for metal labels more and more manufacturers will join in the LME.
This unrivalled experience establishes the London Metal Exchange as the Exchange with the capabilities, resources and proven relationships, to deliver credible and market-driven risk management tools for the molybdenum and cobalt industries. Based on rich and reliable experience, those who provide a complete range of metal labels to clients tend to purchase raw materials from LME for its favorable price and premium quality The Exchange provides producers and consumers of metal with a physical market of last resort and, most importantly of all, with the ability to hedge against the risk of rising and falling world metal prices.