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Meaning of “the LME” in the English Dictionary

"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 ​membersbuy 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 ​nickelcontractended at $6,370 a ​metricton.
(Definition of the LME from the Cambridge Business English Dictionary © Cambridge University Press)
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