BACK
05/01/2007
The London Metal Exchange (LME) has today announced its annual volume figures for 2006. The results reveal another record year for the Exchange with nearly 87 million lots traded, an increase of 10.6% on 2005 figures.
Six contracts saw futures volume growth of more than 10% per cent on 2005. These were the primary HG aluminium contract which grew 19.7% to 36.4 million lots; the tin contract which grew 17.2% to over 1.2 million lots; the nickel contract which grew 20.0% to 4.2 million lots; lead grew 12.5% to over 4.5 million lots; and zinc grew 10.2% to 11.7 million lots.
Commenting on the results, Martin Abbott, LME Chief Executive said:
“2006 has seen record volumes reflecting the high levels of liquidity at the LME and throughout the year, a transparent and orderly market has been maintained.
“As we enter the LME’s 130th year of operation, I have set a target of doubling the volume of business within the next three to five years. In so doing we remain committed to strengthening the LME’s leading role in the world of non-ferrous metals and plastics and to extending this role into areas where we have true competitive advantage.”
Notes to Editors:
- The LME is the world’s premier non-ferrous metals market.
- Trading at the LME takes place through open outcry in ‘the ring’, through an inter-office telephone market and through LME Select.
- On 4 January 2007 the LME announced its “2 by 2” growth strategy designed to double the volume of its business within the next three to five years.
Press enquiries should be made to: Anna Campopiano +44 20 7264 5532
The following tables show 2006 figures compared to 2005. These are broken down by each metal, plastic and by contract type.
TURNOVERS IN LOTS DECEMBER 2006
|
FUTURES |
2006 |
2005 |
|
Primary HG Aluminium |
36,418,131 |
30,426,465 |
|
Aluminium Alloy |
444,738 |
501,960 |
|
Copper Grade A |
18,864,246 |
19,231,371 |
|
Lead |
4,568,140 |
4,061,819 |
|
Nickel |
4,177,557 |
3,482,593 |
|
Tin |
1,283,897 |
1,095,031 |
|
Special High Grade Zinc |
11,706,008 |
10,620,618 |
|
NASAAC |
1,031,411 |
1,001,412 |
|
LMEX |
0 |
0 |
|
PP |
13,303 |
15,770 |
|
LL |
16,727 |
7,626 |
|
LMEmini - Copper Grade A |
1,411 |
0 |
|
LMEmini - Primary Aluminium |
1,987 |
0 |
|
LMEmini - Special High Grade Zinc |
283 |
0 |
|
TOTALS |
78,527,839 |
70,444,665 |
|
OPTIONS |
2006 |
2005 |
|
Primary HG Aluminium |
4,690,867 |
4,476,170 |
|
Aluminium Alloy |
315 |
0 |
|
Copper Grade A |
1,850,993 |
2,091,198 |
|
Lead |
164,410 |
128,283 |
|
Nickel |
158,496 |
189,903 |
|
Tin |
17,315 |
14,012 |
|
Special High Grade Zinc |
1,335,184 |
1,011,429 |
|
NASAAC |
4,420 |
10,069 |
|
LMEX |
0 |
0 |
|
TOTALS |
8,222,000 |
7,921,064 |
|
TAPOs |
2006 |
2005 |
|
Primary Aluminium |
95,606 |
139,796 |
|
Aluminium Alloy |
75 |
0 |
|
Copper Grade A |
45,346 |
88,414 |
|
Lead |
3,335 |
9,390 |
|
Nickel |
14,502 |
11,890 |
|
Tin |
850 |
500 |
|
Special High Grade Zinc |
29,466 |
11,726 |
|
NASAAC |
1,170 |
1,407 |
|
TOTALS |
190,350 |
263,123 |
|
FUTURES + OPTIONS |
2006 |
2005 |
|
Primary HG Aluminium |
41,204,604 |
35,042,431 |
|
Aluminium Alloy |
445,128 |
501,960 |
|
Copper Grade A |
20,760,585 |
21,410,983 |
|
Lead |
4,735,885 |
4,199,492 |
|
Nickel |
4,350,555 |
3,684,386 |
|
Tin |
1,302,062 |
1,109,543 |
|
Special High Grade Zinc |
13,070,658 |
11,643,773 |
|
NASAAC |
1,037,001 |
1,012,888 |
|
LMEX |
0 |
0 |
|
PP |
13,303 |
15,770 |
|
LL |
16,727 |
7,626 |
|
LMEmini - Copper Grade A |
1,411 |
0 |
|
LMEmini - Primary Aluminium |
1,987 |
0 |
|
LMEmini - Special High Grade Zinc |
283 |
0 |
|
GRAND TOTALS |
86,940,189 |
78,628,852 |
Sizes of lots: Aluminium Alloy and NASAAC - 20 tonnes, Nickel - 6 tonnes, Tin - 5 tonnes, all other metals 25 tonnes. Plastics – 24.75 tonnes.
Neither the LME nor any of its directors, officers or employees shall, except in the case of fraud or wilful neglect, be under any liability whatsoever either in respect of any act or omission (including negligence) in relation to the preparation or publication of the data contained in the report.
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