the LME
noun
FINANCEukusabbreviationforLondon Metal Exchange: anorganizationin the UK whosemembersbuyandsellfutures(= therighttobuyorsellsomething in thefutureat aparticularprice)andoptions(= therighttobuyorsellsomething in thefuture)formetalsandplastics:
On the LME, the three-monthnickelcontractendedat $6,370 ametricton.