The LME’s latest discussion paper, released on 19 January 2021, sets out a range of proposals designed to enable the LME to modernise and adapt to emerging trends and evolving customer needs to create a metals market fit for the future.
Building on the groundwork of 2017’s Strategic Pathway this discussion paper considers several structural changes to the LME, which are focused on four main topics:
The proposals aim to achieve increased transparency and a structurally fairer and more efficient marketplace. They also take account of the rapidly increasing digitisation across commodity trading and the physical metals industry more broadly.
The LME requested feedback on all topics in the discussion paper from market participants and broader stakeholders. The feedback period is now closed and we aim to provide details of next steps before the end of Q2 2021.
In this video update, LME Chief Executive Matthew Chamberlain provides an overview and explanation of the topics included in the LME Discussion Paper on Market Structure.
Covering the key aspects of the paper, he discusses:
To move between sections of the video, use the menu in the bottom left of the video, or click on the round points along the timing bar.
Published in September 2017, the Strategic Pathway set out our vision to drive growth, following a comprehensive period of engagement with the market.
The Strategic Pathway is underpinned by four key principles:
Following the discussion period and taking into account market feedback, the LME implemented:
Strategic Pathway 2017 video: LME CEO Matthew Chamberlain speaks to Brunswick Group’s Kim Fletcher about the LME Strategic Pathway, happiness and electric cars.