A Guide to the London Metal Exchange
At our local scrap metal recycling yard, we always base our competitive pricing on the reliable London Metal Exchange (LME). But, what is the LME, what do they do and how does this help us and our customers?
Kas Metal Trading has created the following guide on the LME to help you find out!
What is the London Metal Exchange?
A member of the HKEX Group, the LME is the world centre for industrial metal pricing, hedging and trading. The majority of all non-ferrous metal-related business is transacted via their platforms.
The LME combines the physical industry with the financial community to create a stronger and more controlled market where there is always a buyer and a seller, there is always a standardised price and there is always the choice to transfer or take on risk, 24/7.
What Does the London Metal Exchange Do?
- Governance – operates within a well-defined governance structure and practices accountability, transparency, fairness and integrity.
- Regulation – provides the environment for trading and regulates the operation of the market.
- Responsibility – enforces new rules that apply to all of their listed brands, ensuring that metal delivered against LME contracts is responsibly sourced.
- Initiatives – through client engagement, discussion papers, service/strategic reviews, product development, technology roadmaps and committee feedback, the exchange is always striving to improve the services they offer to the market.
The London Metal Exchange for Non-Ferrous Metal Trading
In terms of scrap metal recycling, the LME prices for non-ferrous contracts are used as the reference and basis for all physical trading at our local scrapyard. The global LME standard can also be used for portfolio valuations, commodity indices and metal ETFs (exchange-traded funds).
Designed with the metal community in mind, the LME physical non-ferrous contracts reflect the nature and timing of bilaterally negotiated metal trades. LME non-ferrous contract users can transfer or take on risk against metal prices daily out to 3 months, weekly out to 6 months and monthly out to anything up to 123 months (over 10 years in the future).
Examples of LME Non-Ferrous Metal Prices
The following prices are correct as of 24/07/2024:
Local Scrap Metal Recycling Yard
Our expert team of scrap metal merchants has over 30 years of combined experience, delivering top-quality service at the best available price. Working hard to impress both new and existing suppliers, our friendly and dedicated merchants ensure that the needs of the metal community are always met – thanks to our excellent attention to detail.
Should you require scrap metal recycling services, there are many types of metals that we buy and recycle at our local scrapyard, including:
Non-Ferrous Scrap Metals:
- Aluminium
- Brass
- Bronze
- Copper
- Lead
- Steel
- Titanium
- Nickel
Ferrous Scrap Metals:
- Washing machines
- Tumble dryers
- Combi boilers
- Radiators
- Household appliances
- Girders
- Plates
- Gates
- Doors
- Railings
Non- Ferrous Scrap Metal Merchants For Tradespeople
As your local scrap metal merchants in Atherton and surrounding areas, we can accurately, safely and efficiently weigh-in and grade your scrap metals – allowing tradespeople to return to their busy schedule not only carrying less weight, but also with some extra cash in their pocket!
At Kas Metal Trading, we welcome a wide variety of tradespeople to our local scrap metal recycling sites, and if you bring your scrap metal to us before 4pm, we can guarantee you same-day payment!
Our scrap metal recycling services are suited to the following tradespeople, including but not limited to:
Visit Our Local Scrapyard Today
No matter the quantity or quality of your ferrous and non-ferrous scrap metal, visit our local scrapyard today to weigh-it-in with Kas – earn some extra cash, free up some space on the way to your next job and do your bit for the environment.
Give us a call, email or visit our local scrapyard today! You can find us across Atherton, Leigh, Wigan, Tyldesley, Bolton, Worsley, Lancashire, Chorley, Westhoughton and Salford. Don’t forget to follow us on Facebook, Instagram and Twitter to keep up to date with company and industry news.
