Risk Warning: Financial trading in a leveraged product may result in losses that exceed your initial deposit. Leveraged trading is not suitable for everyone, so please ensure that you fully understand the risks involved prior to trading.

Close X
A Member of the London Metal Exchange
Call Now
+44 (0) 207 758 4777

LME Contract Specifications

This is a brief summary of the main LME contract specifications. For more detail please Contact Us.

LME Aluminium   AH
High grade primary aluminium
Lot size           25 tonnes
Prompt dates
Daily: out to 3 months
Weekly: 3 out to 6 months
Monthly: 7 out to 123 months
Tick Size:

Outright Carries
Ring $0.50 $0.01
LMEselect $0.50 $0.01
Inter-office $0.01 $0.01

LME Aluminium Alloy   AA
A380.1, 226 or AD12.1 aluminium alloy
Lot size           20 tonnes
Prompt dates
Daily: out to 3 months
Weekly: 3 out to 6 months
Monthly: 7 out to 27 months
Tick Size:

Outright Carries
Ring $0.50 $0.01
LMEselect $0.50 $0.01
Inter-office $0.01 $0.01

LME NASAAC   NA
Aluminium alloy conforming to the LME NA380.1 specification
Lot size           20 tonnes
Prompt dates
Daily: out to 3 months
Weekly: 3 out to 6 months
Monthly: 7 out to 27 months
Tick Size:

Outright Carries
Ring $0.50 $0.01
LMEselect $0.50 $0.01
Inter-office $0.01 $0.01

LME Copper   CA
Grade A copper
Lot size           25 tonnes
Prompt dates
Daily: out to 3 months
Weekly: 3 out to 6 months
Monthly: 7 out to 123 months
Tick Size:

Outright Carries
Ring $0.50 $0.01
LMEselect $0.50 $0.01
Inter-office $0.01 $0.01

LME Lead   PB
Lead of 99.97% purity (minimum)
Lot size           25 tonne
Prompt dates
Daily: out to 3 months
Weekly: 3 out to 6 months
Monthly: 7 out to 63 months
Tick Size:

Outright Carries
Ring $0.50 $0.01
LMEselect $0.50 $0.01
Inter-office $0.01 $0.01

LME Nickel   NI
Nickel of 99.80% purity (minimum) conforming to B39-79 (2008)
Lot size           6 tonnes
Prompt dates
Daily: out to 3 months
Weekly: 3 out to 6 months
Monthly: 7 out to 63 months
Tick Size:

Outright Carries
Ring $5.00 $0.01
LMEselect $5.00 $0.01
Inter-office $0.01 $0.01

LME Tin   SN
Tin of 99.85% purity (minimum) conforming to BS EN 610:1996
Lot size           5 tonnes
Prompt dates
Daily: out to 3 months
Weekly: 3 out to 6 months
Monthly: 7 out to 15 months
Tick Size:

Outright Carries
Ring $5.00 $0.01
LMEselect $5.00 $0.01
Inter-office $0.01 $0.01

LME Zinc   ZS
Special high-grade zinc of 99.995% purity (minimum)
Lot size           25 tonnes
Prompt dates
Daily: out to 3 months
Weekly: 3 out to 6 months
Monthly: 7 out to 63 months
Tick Size:

Outright Carries
Ring $0.50 $0.01
LMEselect $0.50 $0.01
Inter-office $0.01 $0.01

LMEminis
5 tonne, cash settled monthly futures which are settled basis the LME’s full sized contract. The metals traded are:
LME Copper
LME Aluminium
LME Zinc
Tick Size:
Outright – $0.50
Carries –  $0.01

LME Steel Billet   FM
Steel billet conforming to nine LME grades of multiple tolerances
Lot size           65 tonnes
Prompt dates
Daily: out to 3 months
Weekly: 3 out to 6 months
Monthly: 7 out to 15 months
Tick Size:

Outright Carries
Ring $0.50 $0.01
LMEselect $0.10 $0.01
Inter-office $0.01 $0.01

LME Steel Scrap  SC
Lot size           10 tonnes
Monthly out to 15 months
Tick Size:

Outright Carries
LMEselect $0.50 $0.01
Inter-office $0.01 $0.01

LME Steel Rebar  SR
Lot size           10 tonnes
Monthly out to 15 months
Tick Size:

Outright Carries
LMEselect $0.50 $0.01
Inter-office $0.01 $0.01

 

For full contract specification of LMEswaps, Options and Physical please Contact Us.



The 4 Most Actively Traded LME Products

Aluminium

This is the most liquid contract and it provides price-risk management tools for aluminium producers and consumers across the world.

Copper

This is the next most liquid contract. Copper has traded on the LME since it was established.

Zinc

This is one of the LME’s most liquid contracts, providing zinc producers, consumers and galvanisers across the world with essential pricing and hedging tools.

Nickel

This is the key ingredient for stainless steel producers and consumers are using the LME’s Nickel contract as a basis price for the resulting stainless steel products.

Find out more about liquidity and risk