What types of metals can LME participants trade?

LME participants can trade and take or make delivery of aluminium, copper, tin, nickel, zinc, lead, aluminium alloys and premiums. Non-ferrous prices discovered on our platforms are used as the global reference price.

Why are aluminum prices a melt-up this year?

“Aluminum markets are facing a melt-up in prices this year, driven by simultaneous deficits in both China and ex-China drawing on already low stock of inventory,” Goldman analysts including Nicholas Snowdon and Jeffrey Currie said in a note. Read more: Vast Fortunes Will Be Made in Obscure Metals Behind Clean Power

What makes the LME unique?

Of the industry and for the industry, the LME’s physical non-ferrous contracts are designed with the metal community in mind and that is what makes the LME unique. We pride ourselves on the unique settlement-date structure of our non-ferrous contracts and our focus on the physical market.

What happened to LME copper?

LME copper closed at $8,548.5/mt last Friday evening, a drop of 1.05%. Last Friday night, the most-traded SHFE 2309 aluminium contract opened at 18,460 yuan/mt, with the lowest and highest prices at 18,440 yuan/mt and 18,530 yuan/mt before closing at 18,520 yuan/mt, up 15 yuan/mt or 0.08% from the previous trading day.