LME Special High Grade Zinc Futures & Traded Options
Zinc is the fourth most widely used metal in the world. Its resistance to non-acidic atmospheric corrosion means that zinc is instrumental in prolonging the life of buildings, vehicles, ships and steel goods and structures of every kind. Accordingly, galvanising accounts for more than half of all present day applications of metal, and this figure is increasing.
Zinc was traded unofficially on the LME from the outset when the Exchange was established in 1877 and became an official contract in 1915. The LME is the only international exchange to trade zinc and by the 1980s the volume of contracts traded on the LME led the international zinc industry to recognise the Exchange as the reference point for pricing physical contracts. With this development the Exchange became an even more appropriate venue for metal price risk management, a fact clearly reflected by a major growth in turnover.
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