LME sticks to plan to split pricing; only official prices will return to ring

August 10, 2021 / www.metalbulletin.com / Article Link

The London Metal Exchange will go ahead with its proposal to move official prices back to the open-outcry trading ring, but closing prices will be determined electronically via LMESelect, it announced on Monday August 9.

The exchange has published the outcome of its consultation on price determination, which was begun in June. The consultation paper only received 12 responses.
By comparison, the original discussion paper published in January, which included the proposal to permanently close the open-outcry ring, received 192 responses.
"The LME continues to believe that the official prices proposal represents the optimal solution for the market as a whole, by respecting the specific preferences of the physical market for ring-discovered prices," a notice to exchange members said.

"This ensures that the LME continues to serve the physical market most effectively, and maintains the linkage between the physical market and LME contracts, which...

Recent News

Gold stocks outperform, New Found Gold down on initial MRE

March 31, 2025 / www.canadianminingreport.com

Global Mining M&A sees moderate gain in 2024

March 31, 2025 / www.canadianminingreport.com

TSX/TSXV mining could continue to see strong equity capital raising 2025

March 24, 2025 / www.canadianminingreport.com

Gold stocks continue to outperform in move into defensives

March 24, 2025 / www.canadianminingreport.com

Gold stocks reach new highs

March 17, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok