The London Metal Exchange, a member of HKEx Group, is the world centre for industrial metals trading.
More than 80% of global non-ferrous metals business is conducted on our three trading platforms: LMEselect (electronic), the Ring (open outcry) and the 24-hour telephone market. The world’s metal community uses the LME to trade futures, options and LMEswaps, to hedge against adverse price movements – prices which are discovered on our markets and used as the global reference.
Participants can trade aluminium, copper, tin, nickel, zinc, lead, molybdenum, cobalt, steel billet and two regional aluminium alloy contracts. In 2014, 177 million lots were traded on the LME, the equivalent of 4 billion tonnes and $14.9 trillion in notional value.
At the close of the year, approximately 5.8 million tonnes of material was held on LME warrant in more than 670 storage facilities across 37 locations internationally.