LME quarterly report - Q2 2025

Welcome to the LME quarterly report Q2 2025.

The LME quarterly report covers key developments in the base metals market focusing on ADV, price activity and futures open interest.

There is a deep dive into LME trading volumes, electronic liquidity to monthly (3W) contracts and cash-settled futures for ferrous and aluminium premiums. It examines trends in LME options for historic and ATM volatility over the past two years. The spotlight focus for Q2 is on sustainability and physical markets.

The LME appreciates any feedback and we’re always keen to understand what the market is most interested in seeing.

You will find a short survey at the bottom of the page to provide your feedback.

Market overview

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LME trading volumes by venue

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LME electronic liquidity 

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Cash and 3 month prompt date checker

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LME monthly* contracts

 *3rd Wednesday (3W) contracts

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Cash-settled-futures - ferrous and aluminium premiums 

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LME options

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Contact us

For more information please contact our Global Client Development team.

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