Euromoney Learning Solutions

Introduction to LME Warehousing and Physical Trading: one day

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About the course

Stay ahead with physical supply chain processes behind trading on the LME

This course can also be booked as part of the 2-Day Introduction to the LME, Physical Trading and Warehousing Course in London or as an add-on day with the 2-Day Introductory Course in Singapore.

This one-day introductory course will provide a comprehensive overview of the physical supply chain processes behind trading on the LME, covering LME approved-brands; the LME warehouse network; management of the flow of products and LME warrants.

What you will learn:

  • Become familiar with LME terminology and contracts
  • Understand base metals and how they are made
  • Deepen your knowledge of physical trading processes
  • Gain comprehensive knowledge of the LME warehousing system
  • Learn about LME warrants and their multiple uses
  • Get to grips with LME systems including LMEsword and LMEshield

Benefits for you:

This course will provide you with an understanding of the key services provided by the LME, specifically in relation to the physical trading of metals, the warehousing industry, and logistics areas of the supply chain. It will demonstrate how you can effectively use these services in your operations, as both theoretical and practical skills developed at this course can be applied in the workplace.

Benefits for your organisation:

Organisations will benefit from employees who have a clear understanding of how the LME supply chain functions and how the core services of the Exchange can benefit the company.

Pre-requisites:

None, although it may be beneficial to attend the Introduction to the LME course if you are not familiar with the basic operations of the LME.

Course Highlights

  • What are metals and how are they made?
  • Review of the role and contracts of the LME
  • LME delivery, warehousing and LME sword
  • Warehouse reforms
  • LME warrants, warrant withdrawal and inventory financing
  • Off-warrant commodity receipting with LME shield
  • LME brand registration process
  • Contracts, INCO terms and documentation
  • Profit and loss of a physical trade
  • Management of the flow of products

Learning Outcomes

  • Become familiar with LME terminology and contracts
  • Understand the LME’s prompt date structure and trading procedures
  • Learn how to access the LME through member firms
  • Deepen your knowledge of the physical trading process
  • Gain comprehensive knowledge of the LME warehousing system
  • Get to grips with LME warrants and their multiple uses

Who should attend

This course is suitable for you if you have little or no knowledge of physical trading or warehousing on the LME and want to learn specifically about processes relating to this.

Trust the experts

Robert Fig

Robert is among the world’s most highly recognized commodity risk management educators and a long-time consultant to global industry. His unique insight and wisdom have been developed through 38 years of accumulated experience with base and ferrous metals, energy, soft commodities, shipping and c...

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