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English definition of “the LME”

the LME

noun     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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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