offers an invaluable
training manual and reference source for anyone working within the non ferrous metals
industry or trading on the London Metal Exchange. At the core of its thorough analysis
lies the principle that simple explanation and minimal jargon are invaluable to the
practitioner.
- Structure and workings of
the exchange
- Risk identification
- Management and trading
techniques
- Strategies and instruments
available to today's metals traders.
- The crucial areas of
internal control, accounting and regulation
Metals Trading Handbook
offers positive advice and stimulation to those concerned with the pricing and delivery
risks of non ferrous metals. It starts with simple fundamentals and moves onto more
complex situations. Its central aim is to give the reader essential building blocks with
which to develop a more proactive approach to solving everyday problems.
The text examines the way
the LME operates, how prices are formed, the significance and timing of "official
settlement" prices, how risk in the forward markets occurs and changes, how risk
builds up, methods of recognition and hedging the exposure to priced metal, the impact on
valuations (marking to market), profit and loss and cashflow.
This book will be essential
for those already involved in the metals business and also for the financial, investment
and advisory community internationally.
382 pages