LME (London Metal Exchange)

The world's primary futures exchange for non-ferrous and minor metals — the price-discovery engine for copper, aluminum, lead, zinc, nickel, and tin.

## What is the LME?

The **London Metal Exchange** trades futures and options on industrial metals. Its 3-month forward price is the global reference price for almost every nonferrous metal.

## Tickers used in scrap

- **Copper:** Cu (HG on COMEX).
- **Aluminum:** Al.
- **Lead:** Pb.
- **Zinc:** Zn.
- **Nickel:** Ni.
- **Tin:** Sn.

## How WeighPay handles LME

WeighPay pulls LME 3-month forward prices from a licensed feed and applies them to every material code in the operator's price list — with the operator's chosen delta.

Back to glossary