LME

The LME is the home of global lead trading. Officially launched in 1920, our lead contract has been the natural place for the lead industry to manage their price risk for the last century... With our growing contract suite supporting all stages of the aluminium industry, the LME provides stakeholders throughout the EV value chain with the tools to hedge and trade their aluminium price risk... The LME offers both physical and cash-settled cobalt contracts. Our physically settled cobalt contract launched in 2010, while our cash-settled contact, which settles against Fastmarkets MB's cobalt price, joined our battery materials offering in 2019. The contracts are designed to allow market participants who have exposure to the cobalt price in their physical contracts to hedge across the cobalt value chain.