Meaning of “the LME” in the English Dictionary

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"the LME" in Business English

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the LMEnoun

uk us FINANCE

abbreviation for London Metal Exchange: an organization in the UK whose members buy and sell futures (= the right to buy or sell something in the future at a particular price) and options (= the right to buy or sell something in the future) for metals and plastics:

On the LME, the three-month nickel contract ended at $6,370 a metric ton.

(Definition of “the LME” from the Cambridge Business English Dictionary © Cambridge University Press)