Adani Copper Gets LME Certification

Kutch Copper Limited (KCL) received London Metal Exchange (LME) certification for “Adani Copper” Grade A cathodes.

Importance of LME Listing

LME-listed copper cathodes can:

• Be stored in approved warehouses
• Receive warrants
• Be used as collateral
• Be traded through global copper futures markets.

London Metal Exchange

• Major global exchange for industrial metals.
• Metals include:
  • Copper
  • Aluminium
  • Zinc
  • Lead
  • Nickel
  • Tin
• Established: 1877
• Headquarters: London.

Prelims

LME → Industrial metals → benchmark prices + hedging + physical delivery