The London Metal Exchange (LME) announces record trading volumes for the first half of 2008. Over 54 million lots traded on the Exchange from January to the end of June across Futures and Options. This represents an increase of 17.5% on 2007 figures, and a turnover of $5.6 trillion in notional value.
Seven contracts saw growth of more than 15% on 2007 figures:
- Primary Aluminium - 15.2%, to almost 26 million lots;
- The Copper Grade A - 16.4% to 13.14 million lots;
- Nickel - 31.6% to 2.58 million lots;
- Lead - 31% to 2.87 million lots;
- Tin - 21.6% to 0.77 million lots;
- The Special High Grade Zinc - 18.9% to just over 8 million lots;
- Aluminium Alloy – 28.5% to 0.3 million lots.
