LME Teams up with Metalshub in Digital Spot Trading Offering for Base Metals

The London Metal Exchange (LME) announced today its partnership with Metalshub, a leading digital metals trading and price intelligence platform, to build a transparent, efficient and liquid spot trading platform and marketplace for base metals, alongside with LME’s existing derivative contracts and trading mechanisms.

According to the announcement, the collaboration will expand LME’s physical product suite available on Metalshub, which currently focuses on the steel industry, to encompass LME core base metals, as well as other products suited to spot trading, including sustainably produced metals such as low carbon aluminium.

The spot trading program is the core of LME’s sustainability agenda, which is designed to offer greater transparency and market access to sustainably produced metals. And Metalshub now is able to deliver a digital trading platform for such products. Collectively, the two companies aim to support the metals industry jointly to decarbonise the economy, ensure responsible sourcing across supply chains and progress good corporate governance.

Additionally, Metalshub already provides an array of ferroalloys as well as various base and minor metal products via its marketplace. Over the coming months, LME will undertake focused market engagement with its industrial user groups globally in order to develop a suitable product pipeline, with new products such as low carbon aluminium expected to be made available in early 2022.