Home > Term: settlement price
settlement price
The last unfulfilled offer to sell at cash price at the close of the second morning on the London Metal Exchange, prevails as the accepted cash price for the metal for the succeeding twenty-four hours.
- Part of Speech: noun
- Industry/Domain: Mining
- Category: General mining; Mineral mining
- Government Agency: USBM
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Creator
- ed.young
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(Milwaukee, United States)