About the LME
Established for over 130 years and located in the heart of The City of London, the London Metal Exchange is the world’s premier non-ferrous metals market. It allows Qatalum, fabricators, merchants and consumers to insure against price risk for non-ferrous, minor metals and steel.
The Exchange provides a transparent forum for all trading activity and as a result helps to determine what the price of material will be months and years ahead. This helps Qatalum’s marketing partner, Hydro, to plan forward in a world subject to often severe and rapid price movements allowing for Qatalum to maintain production during low market demand. Such is the liquidity at the Exchange that the prices at the LME are recognised and relied upon by industry throughout the world.
A collaborative achievement
“I want to extend my congratulations for this accomplishment and this is certainly a milestone that demonstrates the good quality of the Qatalum product. It has been a long process leading up to this and I want to thank Ebrahim Darwish and Thorleif Schjelderup for all their efforts in getting this approval,” said Erik Fossum, Head of Trading at Hydro. Qatalum management reinforced this sentiment by stating, “Not only has Qatalum put the State of Qatar on the world map of aluminium producing nations, the listing on the LME further qualifies Qatalum as a competitive high quality aluminium producer in the world’s marketplace. This is a direct reflection of the high standards used by our operations teams at Reduction and in the Casthouse”.