Nigel Farage's background as a commodity broker in the City of London is well documented. Wikipedia, the BBC, and City AM all confirm he worked as a commodities/metals trader from 1982 at firms including Drexel Burnham Lambert, Crédit Lyonnais Rouse, Refco, and Natixis Metals. So the premise that he "bought and sold copper" as part of his career is accurate. The two pricing units he cites need separate assessment: **US cents per pound:** This is accurate. The COMEX (New York) copper futures contract — the major North American benchmark — is and was quoted in US cents (and dollars) per pound, with a contract size of 25,000 pounds. Historical COMEX data (e.g., from EconStats) explicitly labels copper settlements in "Cents per pound." So this half of the claim is correct. **Deutschmarks per tonne:** This is the questionable element. The London Metal Exchange (LME), the dominant global reference for physical copper and the exchange most relevant to Farage's London-based career, has quoted copper in **US dollars per tonne** (lot size 25 tonnes), not in deutschmarks. The LME's own historical data and contract specifications confirm USD as the pricing currency. While German domestic or continental European physical contracts may have been denominated or translated into deutschmarks for local industry, "deutschmarks per tonne" was not the standard exchange-traded quotation for copper during Farage's trading era (1980s–1990s). The conversion Farage himself cites — 2.20462 — is the pounds-per-kilogram factor, used for converting between per-pound (US) and per-tonne/per-kilogram (metric) pricing, which is consistent with moving between US cents/lb and USD/tonne, not deutschmarks/tonne. So the claim mixes an accurate element (copper traded in US cents per pound on COMEX) with an inaccurate or at least non-standard one (deutschmarks per tonne as a trading unit for copper). The standard non-US unit for copper on the LME was US dollars per tonne, not deutschmarks per tonne. Sources: - Nigel Farage – Wikipedia: https://en.wikipedia.org/wiki/Nigel_Farage - BBC News, "Profile: Nigel Farage, UKIP leader": https://www.bbc.com/news/uk-politics-20543513 - City AM, "I'm A Celeb star Nigel Farage had failed London firm before politics": https://www.cityam.com/im-a-celeb-star-nigel-farage-had-city-career-including-failed-brokerage-that-went-insolvent/ - CME Group, Copper Futures Overview (price quotation US dollars and cents per pound): https://www.cmegroup.com/markets/metals/base/copper.html - London Metal Exchange, LME Copper (price quotation US$ per tonne): https://www.lme.com/metals/non-ferrous/lme-copper - LME Official Prices explained (currency: US dollars): https://www.lme.com/market-data/lme-reference-prices/lme-official-price - EconStats, COMEX Copper HG data ("Cents per pound"): https://www.econstats.com/fut/xcom_ea3.htm - LME Historical Market Data (monthly average prices in USD): https://www.lme.com/-/media/Files/Data/Accessing-market-data/Historical-data/LME-Monthly--Average-Prices.pdf