LME Price definition

LME Price shall have the meaning specified in Section 5.1.3.
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LME Price means the official London Metal Exchange (“LME”) High Grade cash settlement quotation, as published by Metal Bulletin, in U.S. dollars averaged over the Quotation Period. If the LME shall cease to trade aluminum or the aluminum settlement price of the LME is no longer published, “LME Price” shall mean the generally accepted substitute for such published price. If there is no such generally accepted substitute the parties in good faith shall select a substitute. If the parties cannot agree on a substitute, then either party may refer the determination to arbitration under Section 11.5.
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LME Price means the average of the London Metal Exchange cash price in United States dollars per mt for 99.7% aluminum ingot for the month immediately preceding the month of delivery as reported in Platt's Metals Week.
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Examples of LME Price in a sentence

  • No Plaintiff had a choice but to pay the LME Price plus the Platts zinc premium in order to purchase physical zinc during the Class Period.

  • For the avoidance of doubt, in accordance with the LME Price List, currently only Real Time Pre-Trade Data is eligible for the Natural User Policy and therefore netting of Fees.Natural Users are required to submit a report to the reporting portal as described in their direct agreement with the LME.

  • Should the Licensee elect to support the Natural User netting of LME data, the Licensee must seek confirmation from the LME that this approval has been given prior to reporting any Natural Users in accordance with paragraph 5.5. No Data Products, as set out in the LME Price List are eligible for Unit of Count netting of Fees except for Real Time Pre-Trade Data.

  • The indigenous price of lead also fluctuates with LME Price .The expected growth in demand for industrial batteries, sub-marine batteries, home UPS etc.

  • The price in London Metal Exchange (LME Price ) is the indicator of demand and availability of lead in international market .


More Definitions of LME Price

LME Price means, in respect of any Reference Metal contained in any Reference Consensus Price Strip, the relevant Reference Bank’s forecast of the LME’s published official cash bid price for such Reference Metal for the relevant period concerned;
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LME Price means LME Settlement price for Grade A Copper;
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LME Price the official cash price expressed in U.S. dollars per metric ton of primary aluminum on the London Metals Exchange. Loan Account – as defined in Section 3.6 of the Agreement.
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LME Price means the cash price quoted by the London Metals Exchange on any relevant date;
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LME Price means the London Metal Exchange Three Month Price as published by Reuters on Page MTLE and subsequently published in Metal Bulletin averaged over the applicable calendar quarter. In the event that LME prices are no longer reported or Metal Bulletin discontinues publication and such prices are no longer available, the parties will meet and agree upon a comparable mechanism to determine the LME Price.
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LME Price means, in relation to a day:
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LME Price means the average of the daily official LME cash settlement quotations for Special High Grade zinc, quoted in Dollars, for the quotational period as set forth in the applicable Sales Agreement (as published in Metal Bulletin during such quotational period, but corrected to the official quotations of the LME in the event of printing errors).
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