Topical updates
Closing Price Methodology:
The LME have extended the VWAP methodology to five additional prompt dates (CASH and the first four 3rd Wednesday monthly dates), to be introduced via a phased implementation from 22 January 2024 for aluminium and lead followed, by copper, zinc and nickel on 18 March 2024.
Off-Warrant stock reporting:
The LME are enhancing the scope of off-warrant stock reporting to include all eligible metal stored in LME-registered sheds. The new simplified reporting requirements, which is part of the Action Plan to strengthen our markets, are designed to provide greater visibility and will come into effect from February 2024.
The Electronic Volume Programme
The Electronic Volume Programme (EVP) is the LME's latest initiative designed to enhance electronic market liquidity and transparency.
The EVP focuses on encouraging robust trading activities on LMEselect. The programme started on 2 January 2024 and will remain open for a period of 12 months, subject to the duration and withdrawal provisions stipulated in the Specification.
Participants are rewarded through a rebate system, fostering a more dynamic order book and benefiting all electronic marketplace users.
The EVP is applicable to outright, medium-dated carry, and long-dated contracts in specified metals but trades must meet specific execution and identification criteria to be eligible.
Market overview
[Click image to enlarge]
[Click image to enlarge]
[Click image to enlarge]
Cash-settled futures - ferrous and aluminium premiums
[Click image to enlarge]
[Click image to enlarge]
[Click image to enlarge]
LME trading volumes by venue
[Click image to enlarge]
[Click image to enlarge]
LME electronic liquidity
[Click image to enlarge]
[Click image to enlarge]
[Click image to enlarge]
[Click image to enlarge]
LME monthly 3rd Wednesday contracts
[Click image to enlarge]
[Click image to enlarge]
[Click image to enlarge]
[Click image to enlarge]
[Click image to enlarge]
[Click image to enlarge]
LME options
[Click image to enlarge]
[Click image to enlarge]
[Click image to enlarge]
[Click image to enlarge]
[Click to enlarge]
Responsible sourcing and sustainability
[Click image to enlarge]
Upcoming events
Details on the LME events can be found here
Please contact sales@lme.com to set up a meeting at one of them.
[Click image to enlarge]