LME and Metalshub: developing trusted commodity spot reference prices In this LME Insight piece we considers the benefits of platform-based price discovery, which is at the heart of the collaboration between the London Metal Exchange and Metalshub.
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Aluminium is a lightweight, durable, and infinitely recyclable metal that is vital to modern industries, including construction, transportation, and packaging, thanks to its strength-to-weight ratio and corrosion resistance.
LME Aluminium benefits
Unparalleled liquidity and market depth: tradeable out to 10 years, LME Aluminium, enables physical and financial participants to accurately hedge and take a view on supply and demand dynamics. In 2024 over 260,000 lots were traded on average every day.
Global warehouse network: settlement via physical delivery across 400 warehouses in 34 global locations underpins the contract.
The global reference price: the LME Official Price is the global benchmark price for aluminium, being used as indexation in primary and secondary aluminium contracts as well as in hedging transactions.
Key contract information
Lot size: 25 tonnes
Price quotation: US$ per tonne
Contract code: AH
Settlement type: physical
View full contract specifications
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Education
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