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For further information or to speak to an LME spokesperson, please contact:
Miriam Heywood
Head of Media Relations
+44 (0)207 264 5538
miriam.heywood@lme.com
The London Metal Exchange, a member of HKEx Group, is the world centre for industrial metals trading.
More than 80% of global non-ferrous metals business is conducted on our three trading platforms: LMEselect (electronic), the Ring (open outcry) and the 24-hour telephone market. The world's metal community uses the LME to trade futures, options, and our latest contract, LMEswaps, to hedge against adverse price movements - prices which are discovered on our markets and used as the global benchmark.
Participants can trade aluminium, copper, tin, nickel, zinc, lead, molybdenum, cobalt, steel billet and two regional aluminium alloy contracts. In 2013, 171.0 million lots were traded on the LME, the equivalent of 4.0 billion tonnes and $14.6 trillion in notional value.
At the close of the year, 7.4 million tonnes of material was held on LME warrant in 732 storage facilities across 37 locations internationally.
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