LME Price definition

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 shall have the meaning specified in Section 5.1.3.
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LME Price means the average of the London Metal Exchange cash prices in United States dollars per mt for 99.7% aluminum ingot for the three months immediately preceding. The month of delivery which shall be determined by adding the monthly average cash price per mt for 99.7% aluminum ingot for each month in such three month period as reported in Metals Week and dividing such sum by three.
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Examples of LME Price in a sentence

  • The LME Price is the cash seller (settlement) price for 99.7 percent purity aluminum in Dollars quoted by the London Metal Exchange as published in the Metal Bulletin under the caption "Metal Bulletin (month) Averages" in the section "London Metal Exchange high, low and average (month) (days)" in the column "(month) Average" for the quotational period.

  • If the LME Price ceases to be published, the parties shall agree upon a substitute index intended to reflect the price of primary aluminum sales to be used in calculating the Alumina Price hereunder.

  • The Alumina Price shall be an amount equal to the LME Price multiplied by [CONFIDENTIAL INFORMATION HAS BEEN OMITTED FROM THIS EXHIBIT PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND FILED SEPARATELY WITH THE COMMISSION].

  • The Alumina Price for Alumina delivered during any extension of this Agreement shall be determined for the month during the extended term of this Agreement in which the Alumina is delivered and shall be an amount equal to the LME Price multiplied by [CONFIDENTIAL INFORMATION HAS BEEN OMITTED FROM THIS EXHIBIT PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND FILED SEPARATELY WITH THE COMMISSION].

  • LME Price – the official cash price expressed in U.S. dollars per metric ton of primary aluminum on the London Metals Exchange.


More Definitions of LME Price

LME Price shall have the meaning specified in Section 5.1.3. “Metal Premium” shall be calculated in accordance with Exhibit E. “MT” means a unit of metric weight equal to 1,000 kilograms or 2,204.62 Pounds. “Nomination” shall have the meaning specified in Section 3.2.1. “Notices” shall have the meaning specified in Section 11.6. “Permitted Source” means any of the following sources of alumina: Aughinish, EurAllumina, San Ciprian, Alunorte, Bauxilum, Suriname or any Jamaican source. “Permitted Source Specifications” shall have the meaning specified in Section 3.3. “Plant” shall have the meaning specified in Recital A. “Potline Two” means the newly constructed potline facility at the Plant which, upon commissioning, will have an initial production capacity of 122,000 MT of primary aluminum per annum. “Pound” means a unit of weight of 16 ounces avoirdupois.
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LME Price means, in relation to a day the official price in US dollars per tonne (rounded to 5 decimal places) recorded at the end of the second ring of the aluminium metal in the first session of the London Metal Exchange for the cash seller and settlement price on that day.
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LME Price means LME Settlement price for Grade A Copper;
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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, in relation to a day:
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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 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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