The London Metal Exchange (LME) is one of the world’s most important commodity exchanges, where the official exchange quotations of precious and industrial metals – including aluminium, copper, zinc and nickel – are made. The aluminium price appearing here (LME Aluminium Cash) is one of the most important reference values in global metal trading.
The official Closing Price is established during electronic trading, in a defined closing-price window, typically in the afternoon hours. This value is the official LME rate of the day.
The LME aluminium price is given per troy ounce, but in industry it is used converted to tonnes.
Conversion factor: 1 tonne = 32,150.7 troy ounces.
The EUR/t value shown on the page is calculated from the official daily closing price per troy ounce.
The HUF / EUR exchange rate shown on the website is based on the official middle rate of the MNB – Magyar Nemzeti Bank (National Bank of Hungary). This rate shows the officially published daily relationship of the forint and the euro, and serves as a reference value for financial and industrial calculations.
The middle rate is the average of the foreign-exchange bid and offer rates. It is not a bank trading price, but an official reference value calculated by the MNB on the basis of market movements between the euro area and the forint.
