Facilities
To trade contracts in copper, tin, or any other metal listed on the LME, one has to trade through an LME member. Purchasers of contracts, which are then left to reach maturity, will receive a warrant for a specific LME approved warehouse to take delivery of the metal if required.
The LME issues, each day, detailed figures on how many tons of each metal is in its warehouses, which helps producers and consumers make correct business decisions.
Read more about this topic: London Metal Exchange
Famous quotes containing the word facilities:
“Marriage is good enough for the lower classes: they have facilities for desertion that are denied to us.”
—George Bernard Shaw (1856–1950)
“I have always found that when men have exhausted their own resources, they fall back on “the intentions of the Creator.” But their platitudes have ceased to have any influence with those women who believe they have the same facilities for communication with the Divine mind as men have.”
—Elizabeth Cady Stanton (1815–1902)