Menu
Home
People
Places
Arts
History
Plants & Animals
Science
Life & Culture
Technology
Reference.org
LME Copper
open-in-new
<p>LME Copper is a group of <a href="/facts/Spot_contract/c7wNuKQM">spot</a>, <a href="/facts/Forward_contract/A5FxeMtX">forward</a>, and <a href="/facts/Futures_contract/4SD3dKty">futures contracts</a>, trading on the <a href="/facts/London_Metal_Exchange/DQly5IVQ">London Metal Exchange</a> (LME), for delivery of <a href="/facts/Copper/I8PEE8oX">Copper</a> (Grade A), which can be used for price hedging, physical delivery of sales or purchases, investment, and speculation. </p><p>As of 2019, LME Copper contracts are associated with 144,675 tonnes of physical copper stored in LME approved warehouses around the world, or around 0.7% of 2019 world copper production of 20.6 million <a href="/facts/Tonne/gMymLmWv">tonnes</a>. </p>