Course

Introduction to LME Warehousing & Physical Trading

Euromoney Learning logoRun by Euromoney Learning
4.8 · 34 reviews2 DaysClassroom63 locations

About this course

This course explores why and how LME contracts are physically settled, covers the metal formats accepted for delivery and the warehousing network, explains practical aspects of moving metal through the LME system, and details the uses of LME warrants. Both theoretical and practical skills developed at this course can be applied easily in the workplace.

What you will learn

  • Become familiar with the metals which can be delivered to the LME, and the approved formats – LME brands
  • Understand LME responsible sourcing and sustainability declarations
  • Learn about the warehousing network and the standards that apply to approved warehouses
  • How the delivery obligations of an LME physically settled futures contract are met
  • Explore the relationship between LME prices, premium and all-in prices in the physical market
  • Understand why the LME is viewed as a market of last resort for physical
  • Learn how to place metal on warrant, take metal off warrant and transfer title to warrants
  • Explore multiple uses of warrants

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