The London Metal Exchange (LME) is a global hub for trading industrial metals, offering futures, forwards, and options contracts. It provides hedging opportunities, reference pricing, and physical delivery options, making it a crucial platform for producers and consumers of metals. The LME's unique selling proposition is its ability to facilitate physical delivery through a worldwide network of approved warehouses, ensuring a robust and regulated market. Its target audience includes metal producers, consumers, and financial institutions. The LME is a member of the HKEX Group and operates both electronic and traditional open-outcry trading systems[1][3][5].