The London Metal Exchange is the world centre for industrial metals trading. Most of the world’s non-ferrous metals business is conducted on our three trading platforms: LMEselect (electronic), the Ring (open outcry) and the 24-hour telephone market.
The global metals community uses the LME to trade futures and options to hedge against adverse price movements – prices which are discovered on our markets and used as global references.
In 2023, 149 million lots were traded, equating to $15 trillion notional and 3.5 billion tonnes, with a market open interest high of 1.8 million lots.
In December 2023, 1,163,830 tonnes of material were held on LME warrant in more than 450 storage facilities in 14 countries across 32 global locations.
Participants can transfer or take on price risk against aluminium, copper, nickel, tin, zinc, lead, molybdenum, cobalt, lithium, steel scrap, rebar and hot-rolled coil as well as aluminium premiums and alloys.
All LME trades are cleared by LME Clear, which provides clearing and settlement services for users of the LME on all Ring, electronic and telephone trades.
An HKEX Group Company, the LME also provides benchmark administration services to the platinum-group metals community.
İstanbul Mineral and Metals Exporters’ Association (İMMİB) is a professional establishment in affiliation with Ministry of Trade, Republic of Türkiye, incorporating 6 exporters’ associations within its body. İMMİB represents six big exporter industries in Turkey which are chemicals, steel, ferrous and non-ferrous metals, electronics, minerals, and jewellery. In 2023 the total export value of the 6 sectors represented by İMMİB constitutes 30% of Türkiye's total exports. İMMİB has almost 45.000 member companies producing and exporting in these associations.
İstanbul Ferrous and Non-Ferrous Metals Exporters’ Association (İDDMİB) is one of the association under the roof of İMMİB General Secretariat. Turkish Aluminium Industry has %38 share at İDDMİB’s export as being the first sector. Turkish Aluminium products are preferred by the world’s leading markets, recognized by specialist retailers and biggest chain stores for their high quality products certified to international standards while enjoying highly competitive prices and on time delivery. Türkiye, keeps pace with latest trends, fashion and Technologies and Turkish companies have being actively participating in the world’s leading exhibitions in Europe, Asia and USA for more than 30 years and and building up their brand “Turkish Aluminium” globally. The industry exports more than half of the production as finished goods. Exports of the Aluminium Industry reached 4,89 billion US$ in 2023. Turkish Aluminium sector makes export to more than 203 countries. There are approximately 1.500 active companies and employ more than 35.000 employees.