The London Metal Exchange has amended its metals close-out schedule for the afternoon kerb session, switching the order of copper and lead and extending the zinc close-out on recommendation from the ring dealers committee, it said in a note to members on Friday December 21.
From March 18, 2019, the exchange will switch the placement of copper and lead during the afternoon kerb session, with copper closing at 4:55pm London time, and lead closing at 4:35pm. "The main reason for this change is to better align the LME Copper Contract with the CME Copper Contract by providing more trading time on the Ring with the intention of creating better arbitrage opportunities," the LME said in the note. "This change...