The global economic downturn has put an emphasis on price transparency and risk management in the sector and Mr. Adcock will speak on the recent performance of the LME and the benefits of using LME contracts as strategic tools for price risk management. The speech will take place at 2pm on Monday, 25th May - the first day of the conference, held at the Grand Hyatt, Dubai - during the Stainless Steel & Special Alloys Committee session.

The LME recently celebrated the first anniversary of its steel billet contract which has quickly become an integral part of the steel industry as a reference price in physical scrap and reinforcement bar transactions. Since the launch of trading in the LME Ring in April last year, official volumes have surpassed 1.5 million tonnes, with LME members indicating that additional, non-cleared, OTC volumes are exceeding five times those trading across the exchange platforms.   

At the LME conference stand – stand no. 19 - attendees will also be able to see demonstrations of LMElive, the Exchange's own real-time price and data product which provides access to prices, charts and key market reports.

The London Metal Exchange is the world's premier non-ferrous metals market. It offers futures and options contracts for aluminium, aluminium alloy, copper, tin, nickel, zinc, lead and NASAAC, steel billet, plastics and soon cobalt and molybdenum.

~Ends~

For further information, please visit the LME stand (No. 19) at the BIR World Recycling Convention & Exhibition or contact:
Stephen White
Business Manager Corporate Affairs
t. +44 (0)20 7264 1701 / +44 (0)7980 661 724
e. stephen.white@lme.com

About the London Metal Exchange

The London Metal Exchange is the world's premier base metals market. It offers futures and options contracts for aluminium, copper, tin, nickel, zinc, lead, aluminium alloy and NASAAC, steel billet, plastics and soon cobalt and molybdenum. Last year, turnover for the Exchange was $10.24trillion and the Exchange currently has 5.13m tonnes of metals on warrant in 516 warehouses across 38 locations globally.
www.lme.com

About LMElive
LMElive is the London Metal Exchange’s own real time price and data service, designed to provide a comprehensive view of trading on the LME.

Access LMElive prices in minutes with quick and easy online sign up.
This powerful data product has additional features including:

• LME non-ferrous, steel billet, plastics prices and report data 4
• LMElive anywhere for full mobile access with handheld devices
• Price depth – a complete view of LME SELECT electronic trading
• Configurable real time and delayed data via a customised desktop
• Internet delivered user-friendly web browser navigation
• Daily warehouse stocks, volume and open interest reports, and average prices
• Advanced charting functionality

Now you can have all LME non-ferrous metals prices direct from the LME with a 4 week FREE trial of LMElive.  Access prices, charts and key market reports in minutes with a quick and easy online sign up.  You can also take LME data on the road with mobile handheld devices with LMElive Anywhere.