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 platforms.
In 2021, 145 million lots were traded at the LME equating to $15.6 trillion and 3.3 billion tonnes notional, with a market open interest (MOI) high of 2.1 million lots.
A member of HKEX Group, the LME brings together participants from the physical industry and the financial community to create a robust and 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.
Investors value the LME as a vibrant futures exchange but also for its close links to industry. The possibility of physical delivery via the world-wide network of LME-approved warehouses makes it the perfect hedging venue for industry and provides a reference price they trust.
The Exchange provides producers and consumers of metal with a physical market of last resort and, most importantly, with the ability to hedge against the risk of rising and falling world metal prices.
It’s what we’ve been doing since 1877.