Build a practical understanding of metals markets and price risk management.
Whether you're new to the metals industry or looking to strengthen your understanding of the London Metal Exchange, this course provides a clear and practical foundation in how global metals markets operate and how price risk can be managed effectively.View dates Book nowDownload brochure
Module 1: Introduction to the London Metal Exchange
This introductory module explains how the LME operates, how prices are discovered and how market participants access and use the Exchange. It is an ideal starting point for professionals beginning their metals market journey and serves as a foundation for more advanced LME education programmes.
By the end of this module, you will be able to:
- understand the role of the LME within global metals markets
- navigate the LME's unique prompt date structure
- explain key market terminology and trading processes
- understand the physical delivery mechanism and its benefits
- recognise the role of clearing and how LME Clear manages risk
- identify how market participants access the Exchange through member firms and brokers
Module 2: Hedging with LME Instruments
This module introduces the principles of hedging and demonstrates how LME instruments can help organisations reduce uncertainty and make more informed commercial decisions. Through practical examples, participants learn how to identify risk exposures and select appropriate hedging approaches.
By the end of this module, you will be able to:
- Understand the fundamentals of futures and options contracts
- Distinguish between physically settled and cash-settled contracts
- Identify and assess price risk within an organisation
- Apply futures and options to manage market exposure
- Compare different hedging strategies and select the most suitable approach
- Understand carries, borrowing and lending within metals markets
- Explain the key drivers of option pricing
Course format
*The London course includes a visit to watch the LME's open outcry ring trading, subject to availability. Courses are available in English, Spanish and Portuguese.
Find a course near you
This course is available in different locations as well as online.
Please check our course calendar for upcoming dates.
We offer courses in English, Spanish and Portuguese.