LME Basic | metalquote

LME Basic Seminar:
Introduction to the London Metal Exchange

The course provides comprehensive knowledge of the structure, functioning and services of the London Metal Exchange (LME), which traders responsible for the purchase or sales of non-ferrous metals, ferrous metals and scrap should master. All key functions of the LME (pricing, warehousing and hedging) are explaing in all details.

Through various practical examples of metal trades, it is shown and explained how to properly use LME prices and how to offset negative price movements through hedging strateges. The latest topics, such as the future of the ring trade, the impact of the nickel short squeeze on the LME nickel future contract or the impact of the sanctions against Russia are discussed in detail. In addition, a broker gives a market outlook based on the latest market analyses.

More than 1.200 metal traders and employees of metal processing or recycling companies have already taken the opportunity to expand their knowledge about the LME as well as obtain well-founded assistance in the area of hedging. We look forward to your participation!

Seminar contents

History of the London Metal Exchange
Key functions of the LME: pricing, hedging and delivery
Trading venues of the LME: the Ring, electronic and telephone trading
Structure of LME prices: cash & forward prices, contango and backwardation
All contract types and specifications in detail
LME Clear: clearing and settlement services for users of the LME
Physical services of the LME: warehouse network, warrants and approved brands
Metal premiums: definition and risks for metal trading companies
How to use LME Aluminium Premium contracts to avoid additional price risks

How to anticipate market movements and identify price risks for your company
Fundamental analysis and technical analysis to foresee price developments
Effects of the pandemic and Russia/Ukraine war on the markets
Film screening: „London Metal Exchange – The way forward“
Possibilities of the LME contracts along the metal supply chain to hedge against or take on price risk.
Practical examples of LME hedges in the metal supply chain (price fixing, offset hedge…
Outlook for 2025

Next course date:

5th November 2024 (Virtual)

Start: 9:00 CET · End: 17:00 CET

Trainer:

Patrick Heisch is Founder and CEO of of Metalquote (Licensed data distributor of the LME)

Course Dates:

5th November 2024 – Virtual

6th February 2025 – Virtual

Price:

395,00€ + VAT per participant

Please note: We offer a 10% discount on the educational seminar price for all additional participants registering from the same company.

Registration

Seminar 1: Introduction to the London Metal Exchange and its services for the metal industry

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The participation fee includes the conference package and extensive educational documents in electronic form.
We offer a 10% discount on the educational seminar price for all additional participants registering from the same company.
After receipt of your online registration, you will receive a confirmation. Cancellation is possible free of charge up to 10 days before the event. After that, half of the participation fee will be charged. In case of non-attendance or cancellation on the day of the event, the full participation fee will be charged. We will be happy to accept a substitute participant at no additional cost.

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