London Metal Exchange : $15.4 trillion in 2011

My thanks to Suzy (my number one fan!) who sent me a link to a very useful site that has a pretty comprehensive list of places on the web where you can download information about the Economy. It's run by the John Sloman at the Economics Network.

One of the links was to the London Metal Exchange. Bingo! I found the following press release from them.

" The London Metal Exchange (LME) announced new records for volume and value of trading in 2011, strengthening its position as the world’s premier metals exchange.

Total trading in 2011 rose 21.9 per cent on 2010 reaching 146.6 million lots (120.3 million in 2010), the equivalent of 3.5 billion tonnes of material. The notional value of all contracts traded surged 32.8 per cent to $15.4 trillion (2010: $11.6 trillion).

With a $15.4 trillion notional turnover on the Exchange, and 80 per cent of the market share in global metal futures transactions, the LME maintains its leading position in the global metals market”, said Martin Abbott, LME Chief Executive"

Well, that's another £12.3 trillion to add to the list. I've updated my recent entry to take it into account.