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Futures

LME futures provide members of the metal and investment communities with the unparalleled opportunity to transfer and take on price risk.  

A futures contract is the obligation to buy or sell a standard quantity of a specified asset (metal) on a set date, at a fixed price agreed today.

Unique

Our futures are unique and designed to mirror physical trading. Our prompt date structure enables participants to buy and sell futures daily out to three months, weekly out to six months and monthly up to ten years.

Settlement and clearing

Futures that are not ‘closed out’ by an opposite sale or purchase are physically settled. All LME futures are settled on the prompt date with initial and variation margins called during the term of a contract.  

Want to learn more?

Register for our Hedging with Futures and LMEswaps training course to learn more about the basics of hedging with futures on the LME. The course looks at market terminology, trading strategies and margining of LME futures contracts.

Contract specifications

Get metal prices

Next-day Official and Official Settlement Prices for non-ferrous, minor metals and steel billet contracts traded on the LME are available directly from the LME website.