PART 1: Introductory Concepts -The “Why?” of Hedging -The Basic Practices -Facilities (trading venues) -Futures vs OTC Markets, Margins and Credit -Understanding your Risks

PART 2: The Unique World of the London Metal Exchange -a brief history -key features/unique aspects of the exchange -the LME trading day and terminology -connecting to the physical world

Part 3: Application of Concepts -case studies -forwards, averaging, options -Conclusions