- Metals home
- All non-ferrous
  
  Non-ferrous prices discovered on our platforms are used as the global reference price.
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  LME Aluminium
  
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  LME Nickel
  
  LME Lead
  
  LME Tin
  
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  LME NASAAC
  
  LME Aluminium Premiums
  
  LME Alumina (Platts)
  
  LME Aluminium UBC Scrap US (Argus)
- All ferrous
  
  Our ferrous contracts are tradable on LMEselect and via the inter-office market out to 15 months.
  Featured Links
  
  LME Steel Scrap CFR Turkey (Platts)
  
  LME Steel Rebar FOB Turkey (Platts)
  
  LME Steel HRC FOB China (Argus)
  
  LME Steel HRC N.America (Platts)
  
  LME Steel HRC NW Europe (Argus)
  
  LME Steel Scrap CFR India (Platts)
  
  LME Steel Scrap CFR Taiwan (Argus)
- All EV metals
  
  Explore our suite of energy transition metals, tradeable on LMEselect, the Ring (LME Cobalt) and via the inter-office market.
  Featured Links
  
  LME Cobalt
  
  LME Cobalt (Fastmarkets MB)
  
  LME Molybdenum (Platts)
  
  LME Lithium Hydroxide CIF (Fastmarkets MB)
  
  Lithium prices
- To help build electronic liquidity for LME Cobalt, market participants are encouraged to provide improved two-way pricing on LMEselect during a weekly “liquidity window".
- Trading home
- Access the market
  
  Whether you are an industrial hedger, physical market trader or prop desk there are, broadly speaking, two ways of accessing our markets.
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- Trading venues
  
  The LME provides the market with three transparent and regulated platforms for trading industrial metal contracts.
  Featured Links
  
  The Ring
  
  Electronic
  
  Telephone
  
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- Modernising the market
  
  The modernisation programme will deliver improved execution for end clients through changes to market structure, enhancing liquidity, lowering barriers to entry and broadening participation.
  Active initiatives
  
  Block trade thresholds
  
  Crossing rule
  
  Short-dated carry
  
  Tick sizes
- LME systems
  
  A set of robust systems and technologies underpin trading at the LME.
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  LMEselect
  
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  LMEsource
  
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- Volatility controls
  Featured links
  
  Volatility controls: price limits and price bands
- Contract types
  
  Our contracts allow all those along the metal supply chain, as well as investment communities, to hedge against or take on price risk.
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  Trade at settlement
  
  TAPOS
  
  Monthly average futures
  
  HKEX-London Minis
  
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- Initiatives
  
  Find out more about our latest offerings
  Featured links
  
  Modernising the market
  
  Strengthening the market
  
  Sustainability
  
  LMEpassport
  
  EV metals
  
  Sustainable metals premium pricing
- Rulebook and notices
  
  The LME Rulebook sets out the rules and regulations of the London Metal Exchange.
- Read about the ways we are modernising the market.
- Clearing home
- How LME Clear works
  
  LME Clear provides clearing and settlement services for users of the London Metal Exchange on all Ring, electronic and telephone trades.
  Featured links
  
  Account structure
  
  Service description
  
  Products cleared
  
  Technology
  
  Fees
- Collateral management
  
  Members can associate any permutation of Standard Settlement Instructions (SSI)s to position accounts within the Clearing System.
  Featured links
  
  Acceptable collateral
  
  Triparty member margin collateral
  
  Haircut methodology
  
  Secure payment system
  
  Third party suppliers
  
  Warrants as collateral
- Risk management
  
  LME Clear has a robust Risk Management Framework that provides the structure for clear risk policies, processes and internal control mechanisms.
  Featured links
  
  Credit risk management
  
  Default management
  
  Margin parameter files
  
  Margin information
  
  SPAN files
- Membership
  
  Find out more about becoming an LME Clear member.
  Featured links
  
  Become a clearing member
  
  Clearing members
  
  Application pack
  
  Connectivity
- Rules and regulations
  
  The Rules set out the main rights and obligations of LME Clear and the Members.
  Featured links
  
  Client information
  
  Disclosure and transparency
- LME Clear reports
  
  Member-only and free-to air reports showing cleared volumes, SPAN files, CPMI IOSCO disclosures.
  Featured links
  
  Daily volumes
  
  CPMI IOSCO Disclosure
  
  SPAN files
  
  Margin parameter files
- Find out more about London Metal Exchange and LME Clear's two-year action plan to enhance and strengthen their markets.
- Market data at the LME
- Browse all reports and data
  
  Access LME market data reports, free of charge.
  Featured links
  
  3rd Wednesday monthly futures quotes
  
  LME Official Prices
  
  LME Closing Prices
  
  Monthly averages
  
  Monthly overview
  
  Cash and 3-month (3M) prompt date checker
  
  Volumes
  
  Open interest
  
  Commitments of traders
  
  Historical data for cash settled futures
  
  Warehouse and stock reports
- Purchasing market data
  
  Find out how to access LME market data, directly through the LME or via a licensed distributor.
  How to purchase data
  
  Connect directly with LMElive
  
  Connect via a licensed distributor
  
  Get historical data via the LME portal
  
  Get LME prices via the XML next day delayed feed
- License market data
  
  Find the LME market data licence that is right for you, connect to licensed distributors, or become a licensed distributor.
  Available market data licences
  
  Data distribution licence
  
  Derived data licence
  
  Usage licence
  
  Non-display licence
  
  Financial OTC booking fee
  
  Natural user policy
  
  Private investor licence
- Understand market data
  
  Learn about the LME's reference prices, LME certificates, trading symbols and more with our resources and guides.
  Resources and guides
  
  LME Official Prices explained
  
  LME Closing Prices explained
  
  How LME reference prices are set
  
  Market data publication schedule
  
  Online licensing portal: terms and conditions
  
  MiFID II and MiFIR market data obligations
  
  Trading symbols guide
- LMElive is the LME's own data application, providing customers with key LME pricing, information and tools.
- Sustainability and Physical Markets (SPM)
- Brands
  
  All metal delivered into LME-approved storage facilities must be an LME-approved brand.
  Featured Links
  
  Approved brands
  
  Chemical composition
  
  Listing process
  
  Samplers and assayers
  
  Responsible sourcing
- LMEpassport
  
  Read all about LMEpassport: the electronic certificates of analysis (CoA) and digital credentials register from the London Metal Exchange.
  Featured links
  
  Sustainability disclosures on LMEpassport
  
  LMEpassport portal
- LMEsword
  
  The LME operates a secure electronic transfer system for LME warrants called LMEsword.
- Physical market benefits
  
  We provide the metal community with trusted global reference prices and a market of last resort.
  Featured Links
  
  Hedging
  
  Price discovery
  
  Price convergence
  
  Prompt-date structure
  
  Reference pricing
- Sustainability
  
  Metals are an essential enabler of a sustainable future, and as global demand for metals increases, so will the expectations on sustainable standards
  Featured links
  
  LME CBAM emissions reporting
  
  Corporate commitments
  
  Sustainability disclosures on LMEpassport
  
  Sustainability Spotlight
  
  Responsible sourcing
  
  Sustainability webinars
- Warehousing
  
  The LME approves and licenses a network of warehouses and storage facilities around the world.
  Featured Links
  
  Warehouse network
  
  Approved warehouses
  
  Reporting off-warrant stock
  
  Warrants
- Featured links
  
  Physical markets reform 2026
  
  LME warehouse reform 2019 - 2020
  
  LME warehouse reform 2013 - 2016
- Find out more about LMEpassport, a key component of the LME’s drive for a more sustainable future.

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