Setting the Global Standard
The London Metal Exchange is the world centre for the trading of industrial metals – more than 80% of all non-ferrous metal futures business is transacted on our platforms. In 2013 this equated to:
- $14.6 trillion notional
- 4 billion tonnes
- 171 million lots
A member of HKEx Group, the LME brings together participants from the physical industry and the financial community to create a robust and regulated market where there is always a buyer and a seller, where there is always a price and where there is always the opportunity to transfer or take on risk – 24 hours a day.
Investors value the LME as a vibrant futures exchange but also for its close links to industry. The possibility of physical delivery via the world-wide network of LME-approved warehouses makes it the perfect hedging venue for industry and provides a reference price they trust.
The Exchange provides producers and consumers of metal with a physical market of last resort and, most importantly of all, with the ability to hedge against the risk of rising and falling world metal prices.
It’s what we’ve been doing since 1877.
Guide to the LME