Starting on July 30, the London Metal Exchange (LME) will implement “implied pricing” for the six main base metals, aluminum, copper, lead, nickel, tin, and zinc. What this means is that it will allow daily contracts for the next upcoming three months. The implied prices will be a set of synthetic monthly prices created by adding together the outright price with the carry price. The goal is to improve liquidity, make it easier for investments to be made, and provide easier access to the market by giving investors a choice as how they access monthly liquidity on either side of the 3-month prompt.
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