The London Metal Exchange (LME) experienced record volumes in November, with 14.51 million lots traded. Average daily volume is up 8.4% from 2011 with 632,800 lots trading per day. Up to the end of November 2012, 147.44 million lots traded, the equivalent of $13.36 trillion in notional turnover, which is up 10.2% from the corresponding period last year
(133.78 million lots).
The LME’s previous monthly record was set in September 2012, with 14.09 million lots traded.
LME Cobalt also achieved record volumes last month, with 1,974 lots traded, the equivalent of $47 million. Market open interest also reached a record level last month of 810 lots.