Sanctions and renewables inform LME product plans

Metal exchange expansion focuses on effects of geopolitics and boom in demand for batteries

Electric car
LMEs Martin said "we may have 30% of new vehicles sold being electrical vehicles by 2025"

The London Metal Exchange (LME) is looking to use US trade sanctions and the shift from fossil fuels to renewables as an opportunity to stoke demand for its planned new product range, the exchange’s head of market development, Robin Martin, said at the IDX conference in London on June 6.

Martin warned that metals markets are facing significant turbulence across the globe.

“We are seeing macroeconomic and political uncertainty,” Martin said. In particular, he highlighted the possible

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