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, launched on 19 July 2021, build on our existing offering to give both the physical and financial communities more opportunities to manage their price risk.

The new contracts are:

For trading summaries, price graphs and monthly reports, please click on each contract name above.


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 Aluminium Duty Paid European (Fastmarkets MB) is 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 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


We've been working in partnership with Fastmarkets to develop a new pricing solution for the lithium industry, with the ultimate objective 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

Cash-settled futures

Our cash-settled contracts offer both the physical and financial communities more opportunities to manage their price risk. Find out more about the difference between our physically settled contracts, and our cash-settled suite of futures by visiting our cash settled futures page.

How to access the new contracts

If you are interested in using these new contracts to manage your price risks for aluminium, steel or battery materials, please get in touch with your broker or clearing member.

If you need further assistance and would like to discuss hedging or trading using these contracts in more detail, please get in touch with our team.