New products

Lithium Cones

The LME works closely with stakeholders across the industry to design and develop new trading and risk-management tools to meet their evolving needs.

The below contracts, which launched in 2021, build on our existing offering to give both the physical and financial communities more opportunities to take on or lay off price risk.


Three new steel contracts build on our existing regional offering for the ferrous market. LME Steel HRC NW Europe (Argus) settles to Argus’ Steel HRC ex-works Northwest Europe price; while LME Steel Scrap CFR Taiwan (Argus) settles to Argus’ Ferrous scrap HMS 1/2 (80:20) containerised CFR Taiwan price. Read more about this in LME Notice 20/157. LME Steel Scrap CFR India (Platts) settles to Platts' Shredded Scrap CFR Nhava Sheva price.

Contract specifications:

LME Steel HRC NW Europe (Argus) (PDF)

LME Steel Scrap CFR Taiwan (Argus) (PDF)

LME Steel Scrap CFR India (Platts) (PDF)


LME Aluminium Duty Paid European (Fastmarkets MB) becomes the third cash-settled product in our aluminium premiums suite. It settles against the midpoint of Fastmarkets' Aluminium P1020A premium, in-whs dp Rotterdam, $/tonne price.

Alongside this, we have also introduced a new aluminium used beverage can (“UBC”) contract. LME Aluminium UBC Scrap US (Argus) settles to Argus’ Aluminium Scrap Cans (UBC) mill grade delivered US price; together with our ferrous scrap products this contract forms part of the LME’s drive to providing products which facilitate greater sustainability in the metals industry.

Contract specifications:

LME Aluminium Premium Duty Paid European (Fastmarkets MB) (PDF)

LME Aluminium UBC Scrap US (Argus) (PDF)


We've been working in partnership with Fastmarkets to develop a new pricing solution for the lithium industry, with the ultimate goal of launching a new lithium futures contract. Our new contract, LME Lithium Hydroxide CIF (Fastmarkets MB), settles to Fastmarkets Lithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, spot price cif China, Japan & Korea, $/kg.

Each Friday, Fastmarkets' weekly prices for lithium hydroxide are shared on our Lithium at the LME section.

Contract specification:

LME Lithium Hydroxide CIF (Fastmarkets MB) (PDF)

Contact us

For further information please get in touch.

Contact us

Stay up to date

Register with LME.com

Receive full access to all our price data and gain access to our monthly LME newsletter, packed with market tips and insights from our on-staff specialists.