The London Metal Exchange is the world centre for industrial metals trading. Most of the world’s global non-ferrous futures business is conducted on the LME’s three trading platforms totalling $15 trillion, 149 million lots and 3.5 billion tonnes with a market open interest high of 1.8 million lots in 2023.
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.
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.
The LME is a member of HKEX Group.