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London Metal Exchange

The London Metal Exchange is the world's largest marketplace for trading industrial metals futures and options. Based in London, it provides price discovery and hedging facilities for a range of base and other metals including aluminium, copper, zinc, nickel, lead, tin and aluminium alloy. The exchange operates both open-outcry trading in its iconic Ring and electronic trading platforms, with contracts settled through physical delivery or cash. London Metal Exchange prices serve as global reference benchmarks for the metals industry, used by producers, consumers, traders and financial institutions to manage price risk and establish contract terms. The exchange is owned by Hong Kong Exchanges and Clearing, which acquired it in 2012. It regulates warehousing and storage through a network of approved facilities worldwide, and its warrant system underpins the physical delivery mechanism. The London Metal Exchange has been central to metals trading since its founding in 1877, evolving from informal meetings of metals merchants into a formal exchange. It remains a critical institution for global metals markets, providing liquidity and transparency across the supply chain.

London Metal Exchange News


Industries require reliable power, while developing the energy industry can create local demand
Africa needs power to accelerate industrialisation
16th July 2026 By: Schalk Burger

Power in Africa is not only an issue of infrastructure, but also an economic issue because industry requires reliable, affordable and sustainable energy. Industrial competitiveness is impossible... 


A generic image of lithium rocks
Lithium Africa seeks to strengthen governance with director nominations
14th July 2026 By: Lumkile Nkomfe

Mineral exploration company Lithium Africa has proposed the nomination of John Kanellitsas and Ernie Ortiz as directors, ahead of the company’s upcoming AGM to be held on August 21. The company has... 


Hydro employee at aluminium smelting operation
Aluminium supply shock revives long-idled Western smelters, Reuters says
10th July 2026 By: Reuters

The supply shock caused by the Iran war is sparking old Western aluminium smelters back into life. In the US, Magnitude 7 Metals is reactivating the New Madrid smelter in Missouri. 


Aluminium
Japan Q3 aluminium premiums soar to highest since 2015 on Mideast supply squeeze
8th July 2026 By: Reuters

Japanese aluminium buyers agreed to pay premiums of $395 a ton for shipments between July and September, the highest since 2015, as the US-Israeli war on Iran squeezed supply, five sources involved... 


Molten copper being cast
Copper braces for another round of US tariff roulette, Reuters says
28th May 2026 By: Reuters

Another round of tariff impacts are in store for copper, a Reuters columnist reports, as the deadline for a US decision on whether to impose tariffs on refined copper imports looms at the end of... 


Aluminium bars
Warning lights flash as aluminium reels from Gulf shock
25th May 2026 By: Reuters

The Iran war is shaping up to be one of the biggest supply shocks in the history of the aluminium market. Gulf production of the metal, which is used across sectors as diverse as transport,... 


Blocks of copper
Copper climbs toward record high as global supply tightens
13th May 2026 By: Bloomberg

Copper extended gains above $14 000/t, inching toward a record high seen earlier this year, as supply risks mount on mine disruptions around the world. The red metal rallied for an eighth session... 


Aluminium blocks
CRU sees aluminium prices above $4 000/t due to Iran war
12th May 2026 By: Reuters

Aluminium prices are expected to be above $4 000 per metric ton between the third quarter of 2026 and the second quarter of 2027 due to a market deficit caused mainly by the Iran war, an analyst... 


Piles of critical minerals
Need for hedging could spur new derivatives for niche critical minerals, Traxys CEO says
23rd April 2026 By: Reuters

Derivative contracts for niche critical minerals including rhenium could emerge over time as supply concerns and price volatility push industrial users to seek better hedging tools, said Mark... 


Copper sheets
Copper to hit $15 000/t within three years - Traxys CEO
22nd April 2026 By: Reuters

Copper prices may not move higher this year, but will probably hit a record $15 000/t within three years, the head of trading firm Traxys said on April 22. "I think we'll see higher copper and... 


Aluminium
LME at record high on aluminum 'black hole' fear
17th April 2026 By: Bloomberg

Industrial metals have jumped to a record high on the London Metal Exchange (LME), driven gains in aluminum after the Middle East war disrupted supplies, as well as a recent revival in copper. The... 


Alcoa aluminium smelter
Aluminium market headed for 'unprecedented crisis' warns WoodMac
16th April 2026 By: Reuters

The Iran war is triggering an unprecedented crisis in the global aluminium market with potentially devastating knock-on effects across sectors as diverse as construction, packaging, transport and... 


Aluminium hits highest since 2022 as Alba declares force majeure
Aluminium hits highest since 2022 as Alba declares force majeure
5th March 2026 By: Bloomberg

Aluminum prices surged to the highest since 2022 after Aluminium Bahrain suspended deliveries of metal to some customers under so-called force majeure clauses in its supply contracts. The company,... 


Taseko announces first cathode harvest at Florence Copper
Taseko announces first cathode harvest at Florence Copper
3rd March 2026 By: Sabrina Jardim

Midtier mining company Taseko Mines’ Florence Copper operation in Arizona, in the US, has harvested the first copper cathodes from its recently completed commercial production facility. In late... 


Aluminium produced in Canada
Aluminium price surge will depend on length of Strait of Hormuz disruption, Goldman Sachs says
3rd March 2026 By: Reuters

Goldman Sachs said Monday the biggest risks to aluminium stem from potential disruptions to export routes and access to raw materials through the Strait of Hormuz, noting that the effect on prices... 


President Donald Trump oversees Operation Epic Fury at Mar-a-Lago, Palm Beach at the weekend.
Aluminum jumps as Middle East war threatens supply disruptions
2nd March 2026 By: Bloomberg

Aluminum climbed on concerns that critical supply routes for Middle Eastern producers will be disrupted by conflict in a region responsible for a significant share of global output. Prices for the... 


Global copper exchange stocks top 1Mt for first time in two decades
Global copper exchange stocks top 1Mt for first time in two decades
16th February 2026 By: Reuters

Copper stocks on the world's three biggest metal exchanges have exceeded one-million metric tons for the first time in more than two decades, as an inventory build due to soft demand in China adds... 


Eramet says Indonesia nickel permit volume slashed for 2026
11th February 2026 By: Reuters

Eramet's nickel mining joint venture in Indonesia has received an initial production allowance of 12-million wet metric tons for this year, down from the initial allowance of 32-million it received... 


Silver tumbles, oil drops in commodity sell-off
5th February 2026 By: Reuters

Commodities prices slid on Thursday, led by silver, part of a broad market sell-off as investors reversed an earlier rush for hard assets after global geopolitical tensions eased. Silver tumbled... 


Copper's slide from record reflects reality of weak demand, rising stocks, analysts say
Copper's slide from record reflects reality of weak demand, rising stocks, analysts say
3rd February 2026 By: Reuters

A near 9% drop in copper prices in the last two days reflects a return to reality for a market whose recent surge to record highs had run ahead of fundamentals, analysts said - with more losses... 


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pqt: 0.113s - ct: 0.169s - 275pq - 2rq
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