On this page, We are going to learn about the full form of LME and the meaning of LME, As well as the meaning, definition, and acronym for LME in different categories. So you should read this post till the end.
The Full Form of LME: London Metal Exchange
LME Stands for London Metal Exchange. The London Metal Exchange (LME) is the world’s largest market for non-ferrous metals. It offers futures and options contracts for aluminum, copper, nickel, tin, zinc, lead, and minor metals. The LME was founded in 1877 and is based in London, England.
The LME is a member of the World Federation of Exchanges (WFE) and its shareholders include some of the world’s largest metals and mining companies.
The exchange trades more than $17 trillion worth of metals per year and its contracts are used as a price reference by producers and consumers around the world.
If you’re interested in trading metals on the LME, contact a broker today. The LME offers three types of contracts:
- Futures: A futures contract is an agreement to buy or sell the metal at a future date at a price set today. Futures contracts are standardized and traded on the LME.
- Options: An option is a contract that gives the holder the right, but not the obligation, to buy or sell metal at a specified price on or before a certain date. Options are traded on the LME.
- Physicals: The LME also offers a range of physical contracts for metals including aluminum, copper, nickel, tin, zinc, and lead. These contracts are used to manage the price risk of physical metal transactions.
The Full Form of LME in mathematics: London Metal Exchange
LME Stands for Linear Mixed Effect in mathematics. A linear mixed effect is a method for analyzing data that has a linear relation between some response variable and one or more independent variables.
Both the dependent and independent variables are continuous, and the outcome is a continuous variable that can be measured with linear measurements, such as a linear formula.
One of the key assumptions of linear mixed effects is that the variance of the dependent variable is the same for all individuals. This is necessary because variances within individuals are assumed to be independent, and the variance for each individual is assumed to be the same.
There are some of the most commonly used acronyms, abbreviations, full forms, and the LME meaning are listed in different categories below the table.
| Terms | Full Form | Category |
|---|---|---|
| LME | Large Marine Ecosystem | Ocean Science |
| LME | Local Management Entity | Networking |
| LME | Liquid Metal Embrittlement | Chemistry |
| LME | Light Malt Extract | Food & Nutrition |
| LME | Line Monitoring Equipment | Telecom |
| LME | Linear Mixed Effect | Mathematics |
| LME | Learning Meaning Eilat | Educational |
| LME | Liberal Market Economy | Marketing |