The London Metal Exchange (LME) says it is broadening its market outreach efforts in
India by hosting a series of seminars and meetings in New Delhi and Mumbai the week of Sept. 7-11, 2015.
The LME says its “India Roadshow” is part of a strategic push into India as base metals consumption increases in the region and more Indian metals companies seek to manage their price risk. More than 700 people have registered for the LME’s seminars, “indicating significant local demand for information on hedging,” says the LME.
“The LME has always had a strong relationship with the metals industry in India, which is a top-priority region for us,” says LME Chief Executive Garry Jones. “We look forward to meeting a range of market participants in India and helping them to become more familiar with metals price risk management tools.”
Several senior LME staff members will join Jones on the India Roadshow. The seminars are now fully booked, but more information on the India Roadshow can be found here.
The LME, part of the Hong Kong-based HKEx Group, says more than 80 percent of global nonferrous metals business is conducted on its trading platforms. Metals traded on the platforms include aluminum, copper, tin, nickel, zinc, lead, molybdenum, cobalt and steel billet. In 2014, about 4 billion metric tons of metal valued at $14.9 trillion was traded via the LME.