The Sustainability and Physical Markets (SPM) department brings together our world-leading warehousing, brand and sustainability activities.
Our close connectivity to the physical industry is central to the LME and its strategy. It has been a core focus of some of our most recent innovations including the establishment of responsible sourcing requirements, the launch of our sustainability strategy for the metals industry and the introduction of LMEpassport.
The SPM department is responsible for the strategy, delivery, and operation of the LME’s physical market and sustainability activity. This includes the strategic development of all areas of the LME’s physical ecosystem including:
- future commercialisation
- sustainability
- and management of physical market relationships.
The SPM department also deals with producers of LME-listed brands, and handles the operation of the LME’s physical network including:
- LME warehousing
- operation of the LME approved brands list
- LME responsible sourcing
- and LMEpassport.
Physical market benefits
The LME provides the metal community with trusted global reference prices and a market of last resort.
Warehousing
The LME approves and licenses a network of warehouses and storage facilities around the world.
Brands
The LME delivery system relies on a user being guaranteed a specified quality and quantity of metal.
Sustainability
The LME provides the metals industry with the means to report sustainability goals and achievements in a transparent and accessible way.
LMEpassport
LMEpassport is the electronic certificates of analysis (CoA) and sustainability credentials register from the London Metal Exchange.
Find out more about LME responsible sourcing by watching our on-demand webinar series.
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