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Nickel_chunk
LME Nickel stands for a group of spot, forward, and Futures contracts, trading on the London Metal Exchange (LME), for delivery of primary Nickel that can be used for price hedging, physical delivery of sales or purchases, investment, and speculation. Producers, semi-fabricators, consumers, recyclers, and merchants can use Nickel futures contracts to hedge Nickel price risks and to reference prices.[1]
As of 2019[update], LME Nickel is associated with 153,318 tonnes of physical Nickel stored in 500 LME approved warehouses around the world.[2] This is 5.67% of the 2019 global estimated mined Nickel production of 2.7 million tonnes.[3]
Despite the low share of physical Nickel associated with LME Nickel contracts, global physical Nickel transactions are usually based on LME Nickel prices. This practice began in the 1970s to 1982, when producer Nickel prices, especially Canadian producer prices collapsed, and the industry switched to LME prices.[4]
^Dewally, Michael; Marriott, Luke (2008). "Effective Basemetal Hedging: The Optimal Hedge Ratio and Hedging Horizon". Journal of Risk and Financial Management. 1: 41–76. doi:10.3390/jrfm1010041. hdl:10419/178514.
^"Stocks December 2019". London Metal Exchange. Retrieved 2020-05-27.
^"Global mine production of nickel from 2006 to 2019". Statista. Retrieved 2020-05-27.
^Minerals Yearbook 1984, Bureau of Mines, 1985, p. 671
LMENickel stands for a group of spot, forward, and Futures contracts, trading on the London Metal Exchange (LME), for delivery of primary Nickel that...
LME Copper is a group of spot, forward, and futures contracts, trading on the London Metal Exchange (LME), for delivery of Copper (Grade A), that can be...
LME.com. Archived from the original on September 20, 2017. Hume, Neil; Lockett, Hudson (March 8, 2022). "LME introduces emergency measures as nickel hits...
when it canceled nickel trades made on March 8, 2022. Jane Street Global Trading also sued LME for $15.3 million over its cancelled nickel trades in March...
Exchange, New York Aluminium alloy Metric Ton USD ($) London Metal Exchange LMENickel Metric Ton USD ($) London Metal Exchange Cobalt Metric Ton USD ($) London...
LME Zinc stands for a group of spot, forward, and futures contracts traded on the London Metal Exchange (LME), for delivery of special high-grade Zinc...
institutional investors. Its weighting in these commodity indices give LMENickel prices non-trivial influence on returns on a wide range of investment...
manipulation by the exchange in order to favor Xiang Guangda, which the LME denied. Nickel prices later did fall, and Xiang's losses ended up at around USD 1...
46% of combined turnover on the LME. Consequently, a commodity index which has part of its basket in lead or nickel would entail greater liquidity risk...
prices". London metal exchange. Retrieved 4 December 2020. "LITHIUM AT THE LME". LME The London Metal Exchange. 18 March 2021. Retrieved 22 March 2021. Wikimedia...
Exchange (LME). Lee Kee's range of offerings encompasses a diverse array of metals, including base metals such as zinc, aluminium, nickel, and copper...
electrolytically refined copper in the form of cathodes. The copper meets the LME premium quality grade. The tankhouse has a capacity of about 180,000 tons...
Democratic Republic of the Congo LKD Lignes Aeriennes Du Tchad LATCHAD Chad LME Lignes Mauritaniennes Air Express LIMAIR EXPRESS Mauritania GCB Lignes Nationales...
(iii) a processing plant, including a refinery, that produces LME-grade finished nickel, as well as cobalt metal. In 2017, Sherritt exchanged CAD1.4 billion...
respectively, atomic, nickel-metal hydride, and button cell batteries. Magnets are made of heavy metals such as manganese, iron, cobalt, nickel, niobium, bismuth...
steel. Export of non-ferrous and precious metals, London metal exchange (LME) prices". Archived from the original on 2009-09-03. Retrieved 2009-08-02...
concentrate containing copper and gold, and a SX/EW operation producing LME-grade cathode copper. Buchim processes over 4.5 million tons of ore annually...
ISSN 1404-1049. "Nickel Mine Closures 2008 Due to Demand Destruction and Low LME Price". Estainlesssteel.com. Retrieved 14 May 2011. Nickel in Australia Archived...
Association, a North American industry association with an extensive site of properties and uses of copper Price history of LME Copper, according to the IMF...
produced most of the world's tin in 2007. Most of the world's tin is traded on LME, from 8 countries, under 17 brands. International Tin Council was established...
Metals Market. 3 February 2020. Archived from the original on 2020-02-03. "LME Copper Physical". London Metal Exchange. Archived from the original on 2019-06-23...
options, or swap contracts such that the majority of copper is traded upon the LME/COMEX/SFE, but delivery is achieved directly, logistically moving the physical...
com/2014/04/what-is-the-london-metals-exchange/ Archived 2015-05-11 at the Wayback Machine "LME achieves another year of record volume". London Metal Exchange. 5 January...
the London Metal Exchange (LME). Besides, reserves of germanium, indium, zirconium, platinum, rock salt, sylvite, nickel, phosphate, mirabilite, arsenic...
2007. Archived from the original on 2009-10-08. Retrieved 2007-05-07. "LME to launch minor metals contracts in H2 2009". London Metal Exchange. 2008-09-04...
point for primary aluminium, aluminium alloy, copper, lead, nickel, tin and zinc and as the LME's ninth location in Asia on 17 June 2013.) National Aeronautics...
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