New products

The LME works closely with stakeholders across the industry to design and develop new trading and risk-management tools to meet their evolving needs. Our new contracts build on our existing offering to give both the physical and financial communities more opportunities to manage their price risk.

Our current product pipeline - subject to regulatory approval - includes:

  • LME Steel HRC N. Europe (Argus)
  • LME Steel Scrap CFR Taiwan (Argus)
  • LME Aluminium Duty Paid European (Fastmarkets MB)


Two new steel contracts will build on our existing regional offering for the ferrous market. LME Steel HRC N. Europe (Argus) will settle to Argus’ Steel HRC ex-works Northwest Europe price; while LME Steel Scrap CFR Taiwan (Argus) will settle to Argus’ Ferrous scrap HMS 1/2 (80:20) containerised CFR Taiwan price. Read more about this in LME Notice 20/157.


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


We are also 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. Each Friday, weekly prices for lithium carbonate and lithium hydroxide are shared on our Lithium at the LME section.

We'll be keeping this page up to date with more information relating to new contracts, do check back regularly for updates.