Industry WIKI

The Chicago Mercantile Exchange (CME; often called "the Chicago Merc", or "the Merc") is an American derivatives marketplace based in Chicago, Illinois, and located at 20 South Wacker Drive.

A goldsmith is a metalworker who specializes in working with gold and other precious metals. Modern goldsmiths mainly specialize in jewelry-making but historically, they have also made silverware, platters, goblets, decorative and serviceable utensils, and ceremonial or religious items.

LME Copper is a group of spot, forward, and futures contracts, trading on the London Metal Exchange (LME), for delivery of Copper (Grade A), which can be used for price Hedging, physical delivery of sales or purchases, investment, and speculation.

LME Nickel refers to the spot, forward, and futures contracts, trading on the London Metal Exchange (LME) for primary nickel. These contracts are used for price hedging, physical delivery, investment, and speculation. Nickel futures contracts are used to hedge price risks and as a reference for prices. As of late 2024, LME nickel contracts were linked to approximately 230,000 tonnes of p

LME Zinc is a group of spot, forward, and futures contracts traded on the London Metal Exchange (LME) for the delivery of zinc. The zinc, which is of 99.9% purity, can be used for pre-sale handling and physical delivery of sales or purchases, and investments. Producers, semi-fabricators, consumers, recyclers, and merchants can use zinc futures contracts to hedge zinc price risks and to r

The London Metal Exchange (LME) is a futures and forwards exchange in London, United Kingdom with the world's largest market in standardised forward contracts, futures contracts and options on base metals. The exchange also offers contracts on ferrous metals and precious metals. The company also allows for cash trading. It offers hedging, worldwide reference pricing, and the option of ph

Sucden (Sucres et Denrées) is a French-based commodity broker of soft commodities and other financial products headquartered in Paris. The firm started as a sugar broker and is now amongst the world leaders with a market share of around 15% in volume (as of 2016), or 9.5 million tonnes. It has offices around the world, including London and Hong Kong.

The Great Debasement (1544–1551) was a currency debasement policy introduced in 1544 England under the order of Henry VIII which saw the amount of precious metal in gold and silver coins reduced and in some cases replaced entirely with cheaper base metals such as copper. Overspending by Henry VIII to pay for his lavish lifestyle and to fund foreign wars with France and Scotland are cited