Strengthening the market

Geometric structure

In March 2023, the London Metal Exchange and LME Clear published a two-year action plan to enhance and strengthen their markets.

The action plan addresses recommendations put forward in the Oliver Wyman report, following events in the nickel market in 2022, and aims to:

  • Embed the findings of independent, internal, and regulatory-led reviews to manage risk through enhanced controls;
  • Enable the market to provide deep and resilient liquidity for LME participants and members;
  • Build confidence in the reliable and transparent operation and governance of the LME Group’s markets; and
  • Evolve market structure, demonstrating the Group’s ability to deliver modernisation and change

Action plan latest: LME consults on proposals to enhance stocks and pricing transparency

We have launched two market consultations on proposals designed to bring greater visibility of unwarranted metal stocks, make permanent existing controls around the management of low stock environments and enhance the transparency and determinism of LME Closing Price discovery. 

LME consults on proposals to enhance stocks and pricing transparency

23 090 Consultation on Initial Action Plan Proposals and Misc Amendments to the LME Rulebook and LME Clear Rules (PDF)

23 091 Update on, and Benchmark Regulation Consultation Relating to the Closing Price Methodology (PDF)

VWAP methodology back-testing data  (Excel)

Contact us

For further information please get in touch.

Contact us