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  1. The world centre for industrial metals trading. LMEpassport, a key component of the LME’s drive for a more sustainable future, is a new system that does away with paper certificates of analysis and provides the market with a new voluntary register of a metal’s sustainability credentials.

  2. The LME Official Price is the last bid and offer price quoted during the second Ring session and the LME Official Settlement Price is the last cash offer price. How is it used? The LME Official Price is used as the global reference for physical contracts. The LME Official Settlement Price is the price at which all LME futures are settled ...

  3. Notional Average Price (NAP) This is the closing price for forward Monthly Average Futures months published at the end of each day. The NAP is made up of known LME Official Settlement prices and LME Closing Prices taken from each of the prompt dates for the pricing period. These prices are totalled and averaged over the number of business days ...

  4. London Metal Exchange pricing “LME setting the global standard” The London Metal Exchange was founded in the year 1877, but has a history from the year 1571. LME is now the world’s leading market for non-ferrous metals. LME prices are very important for companies who trade in these metals.

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  6. Price convergence. The fact that LME futures can be physically settled plays a vital role in ensuring price convergence with the physical metals industry, ensuring that our prices properly reflect global supply and demand. Price discovery and referencing. Price discovery is one of the most important functions of the LME.

  7. Steel pricing history at the London Metal Exchange from the last 30 days and the last year in Euros. These data and statistics illustrate the monthly and yearly prices of steel at the London Metal Exchange.

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