What is the difference between comex and lme

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Businesses and banks will be able to issue their own branded crypto debit and credit cards to consumers who want them. In this article, we discuss the 10 stocks to consider in the portfolio of Mark Cuban. Mark Cuban is an angel investor and billionaire who first rose […]. Dow Futures 35, Nasdaq Futures 15, Russell Futures 2, Crude Oil Gold 1, Silver Vix Getchell Gold. Opawica Explorations. Battery Mineral Resources. Magna Mining. Camino Minerals. Azarga Metals. Los Andes Copper. Sterling Metals.

Nobel Resources. Edgemont Gold. Copper Fox Metals. Power Nickel. Falcon Gold. White Metal Resources. Atico Mining. Western Copper and Gold. Barksdale Resources. Latin Metals. In other words, those in the copper industry may sell LME copper during oversupplied markets and draw on LME copper inventories in the event of a copper shortage.

Some market watchers look to rising and falling inventory levels on the LME as an indicator of global supply and demand conditions. The exchange also publishes daily reference prices for LME copper and other metals that are used by market participants. Overall, the exchange is predominantly used to either hedge or take on price risk. As mentioned above, copper contracts are priced per pound on the COMEX, with listed contracts available during the current calendar month, the next 23 calendar months and any March, May, July, September or December within a 60 month period of the current month.

Contracts are also block-trade eligible if the amounts are above minimum thresholds. These types of trades are privately negotiated and executed apart from the public market. They are only open to eligible contract participants as defined by the Commodity Exchange Act.

Copper cathode must conform to specific chemical and physical requirements in order to be traded on the COMEX. The Shanghai Metal Exchange is another notable example, and with China being the largest consumer of refined copper in at 54 percent of global consumption, it is becoming increasingly important.

Indeed, as Stefan Ioannou of Cormark Securities has noted, it is near impossible to get complete transparency on copper prices. Still, prices for LME copper and COMEX copper contracts, as well as information on inventory levels, can be a valuable piece of the puzzle for those making investment decisions in the copper space. Check out the articles in the sidebar above for more insight on the red metal before you begin or continue your investing journey:.

This is an updated version of an article first published by the Investing News Network in Securities Disclosure: I, Melissa Pistilli, hold no investment interest in any company mentioned in this article.

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This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. Related Terms Commodity Market A commodity market is a physical or virtual marketplace for buying, selling, and trading commodities.

Discover how investors profit from the commodity market. Copper Definition Copper is a reddish-gold colored metal that is ductile, malleable and an effective conductor of heat and electricity. Base Metals Definition Base metals, such as aluminum, copper, and zinc, are widely used in commercial and industrial applications, such as construction and manufacturing. Certificated Stock Definition Certificated stock refers to commodity inventory that has been inspected and determined to be of basis grade for use in futures market trading.