The London Metal Exchange is the world centre for the trading of industrial metals – the majority of all non-ferrous metal futures business is transacted on our trading platforms: LMEselect (electronic), the Ring (open outcry) and the 24-hour telephone market. In 2024, 178 million lots were traded in total on our markets, equating to $18 trillion and 4 billion tonnes notional, with a market open interest high of 1.8 million lots.
A member of HKEX Group, the LME brings together participants from the physical industry and the financial community to create a robust, regulated market where there is always a buyer and a seller, where there is always a price and where there is always the opportunity to transfer or take on risk – 24 hours a day. The Exchange provides producers and consumers of metal with a physical market of last and the ability to hedge against the risk of rising and falling world metal prices.
Investors value the LME as a vibrant futures exchange and for its close links to industry. The possibility of physical delivery via the world-wide network of over 465 LME-approved warehouses makes it the perfect hedging venue for industry and provides a reference price everyone can trust.
The LME is the home of aluminium trading, and the daily Official Price for the LME Aluminium contract is the global benchmark price. 260,000 lots of LME Aluminium traded on average every day last year, equalling 1.8 billion tonnes in total.
İstanbul Mineral and Metals Exporters’ Association (İMMİB) is a professional organization affiliated with Ministry of Trade, Republic of Türkiye, incorporating six exporters’ associations. İMMİB represents six major exporting industries in Turkey which are chemicals, steel, ferrous and non-ferrous metals, electronics, minerals, and jewellery. In 2024 the total export value of these six sectors accounted for 35% of Türkiye's total exports. İMMİB has nearly 40.000 active member companies engaged in production and export within these associations.
İstanbul Ferrous and Non-Ferrous Metals Exporters’ Association (İDDMİB) is one of the associations under the umbrella of İMMİB General Secretariat. Turkish aluminium industry holds a %39 share at İDDMİB’s exports, making it leading sector. Turkish aluminium products are preferred by the world’s leading markets, recognized by specialist retailers and major chain stores for their high quality, certified to international standards while also offering highly competitive prices and on-time delivery. Türkiye keeps pace with latest trends, fashion, and technologies and Turkish companies have been actively participating in the world’s leading exhibitions in Europe, Asia and the USA for more than 30 years, building up their global brand “Turkish Aluminium”. The industry exports more than half of its production as finished goods. In 2024, exports of the aluminium industry reached 4,94 billion USD. Turkish aluminium sector exports to more than 200 countries. There are approximately 1.500 active companies, employing more than 35.000 people.