London Market Exchange or LME is the world’s largest market in options and futures contracts on base and other metals. It deals with the physical market of metals in which the producers and consumers will be analyzing all the risks associated with the increase or decrease in the world metal prices.
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LME provides references to the prices associated with the pricing of the non-ferrous metals. It involves the assistance of storage facilities for the participants to have the option for storing and conducting the physical delivery of the metals for trading. LME allows the market so that the participants can protect from the price volatility.