LME to implement revised closing price methodology from January 2024

The London Metal Exchange will be changing its closing price methodology for its copper, aluminium, nickel, zinc and lead contracts following the end of an industry consultation, it said in a press release on Thursday September 14.

The new methodology will be implemented in January 2024.

The exchange launched a consultation on May 31 proposing to expand its existing volume weighted average price (VWAP) methodology to include cash,...


Josh Fulton

September 14, 2023

13:57 GMT