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Fees

LME fees are set annually by the Exchange and agreed by its Board. All fees are standard across membership category or service and apply only to LME members and users of LME systems. Fees charged by LME members to clients are subject to normal commercial negotiation.

Membership fees

The following annual membership fees apply:

 Membership category Fees 
Ring dealing members £55,000
Associate broker clearing members £55,000
Associate trade clearing members £19,000
Associate broker members £45,000
Associate trade members £1,250
Individual members £250
Honourary members N/A

Companies considering obtaining LME membership should review the membership requirements and process for becoming a member.

Trading fees

Trading fees are invoiced on a monthly basis. Trading for LMEminis is currently subject to a trading fee holiday.

LME fees for all contracts

Futures/options (per leg, per lot, per side), except short-dated carries.

LME and LCH.Clearnet feesRingNon-RingCross:
Segregated clients*
LME data capture   £0.03  £0.03  N/A
LCH.Clearnet registration  £0.15  £0.15  £0.15
LME levy - Members  £0.05  £0.17  N/A
Clients Exchange user fee  N/A  N/A  US $0.395

Fees for short-dated carries

Short-dated carries (Tom to 15 calendar days forward inclusive) for all contracts (per leg, per lot, per side).

LME and LCH.Clearnet feesRingNon-RingCross:
Segregated clients*
LME data capture £0.03 £0.03 £0.03
LCH.Clearnet registration £0.15 £0.15 £0.15
LME levy - Members £0.05 £0.17 £0.05

*In these cases the same member firm is charged for both sides of the trade and thefore the per leg, per lot fee applicable would be double the stated amount.

LMEsword depository charges for member firms

The settlement of LME contracts is facilitated through the exchange of warrants using LMEsword. The following fees and charges apply to transactions on LMEsword by member firms.

 Price (USD) 
Lodgement of an LMEsword warrant Free
Withdrawal of an LMEsword warrant $3.00
Safekeeping LMEsword warrants per warrant in depository per calendar day $0.01

LMEsword fees are invoiced monthly.

LMEsword fees for non-member account holders

The following fees are charged to non-member LMEsword account holders:

Initial administration fees

 Price (GBP)
Non-member LMEsword account holder £5,000
Non-member LMEsword remote participant account holder £2,500

Annual fees

Non-members also pay an annual fee of £1,000 per account holder.

Listed warehouse and LME warranted metal charges

Fees and levies charged to LME approved and applicant warehouses.

Listing fees

 Price
(USD)
Annual warehouse listing fee per warehouse company, per good delivery point $5,000
Listing fee for additional warehouse(s) $4,000

Stock Levy

A stock levy of 1.10% of the daily rent collectable on LME warrants.

This calculation will be the total reported tonnage (cancelled plus live warrants) on each day, multiplied by the published rent rate for each warehouse, multiplied by 1.10 per cent.

Stock levies are invoiced on a half-yearly basis.

Brand listing charges

Applications to list material as an LME-approved brand are subject to a one off £40,000 application fee per brand of metal. The Exchange does not currently levy an initial listing charge for steel billet brands.

Applications are subject to the relevant guidance notes. Fees are not refundable for unsuccessful or lapsed applications.

Listed sampler and assayer charge

An annual fee of £1,500 is charged per listed sampler and assayer.

Distribution of market prices to client via LMEselect's API

Members wishing to distribute market prices to clients via the LMEselect API are charged £15 per month, per client, subject to a maximum of £4,500 per month, irrespective of the number of clients.

OTC gold and silver matching fee

 Price (per lot per side)
OTC gold trade registration  £0.05
OTC silver trade registration £0.05

A complete listing of fees and levies is available. Fees and levies may be subject to VAT and other applicable taxes. For more information please contact us to discuss your enquiry.