We at the LME are delighted to be collaborating with Metalshub to establish a transparent, efficient and liquid spot trading platform and marketplace for base metals, including those suited more to spot trading, like low-carbon aluminium.
Metalshub is a leading digital spot metals procurement platform that already lists an array of ferroalloys as well as various non-ferrous and minor metal products on its marketplace.
Metalshub already offer ferroalloy and industrial metals products on the platform. We will help develop and grow these markets, whilst undertaking focused market engagement with industrial user groups globally in order to develop a suitable new product pipeline, with products such as low carbon aluminium and other LME-established, non-ferrous products expected to be made available in early 2022.
Please email our Product Development Team if you want to be involved.
“Our collaboration with Metalshub enables us to begin facilitating buyers’ access to the physical metal that meets their specific sustainability criteria.”Georgina Hallet, CSO LME
Who is the platform for?
Broadly speaking, the platform is for anyone who needs to procure metal, ie those who make metal, makes things out of metal and those who trade physical metal. In addition to their normal bilateral arrangements, the platform provides producers, consumers and merchants with a transparent, easy-to-use way of buying and selling metal, underpinned by reliable and transaction-based pricing. The platform also offers a host of additional features designed to simplify and streamline the trade flow.
As a spot market, Metalshub is distinct from a futures market, designed, as it is to facilitate the procurement of materials, rather than to manage price risk, as is the case with the LME core derivatives market.
The Metalshub initiative comes as part of the LME’s strategy for a sustainable future, which includes bringing greater transparency to the physical market through digitalisation and standardisation, as well as better access to sustainable products.