2-Day Introduction to the LME, Physical Trading and Warehousing

2 days 20-21 Mar 2018, London UK £1,400.00 + VAT* Download brochure Add to basket

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Please note this course has now sold out. To view future dates for 'Introduction to the LME' and 'Introduction to Physical Trading & LME Warehousing' please click on the links below. Alternatively, you can request a different date or location for this course by completing the form above.

This course will provide you with an understanding of the key services provided by the LME, specifically in relation to the physical trading of metals, the warehousing industry, and logistics areas of the supply chain.

The course features two separately bookable modules:


Please click on the Agenda tab to find out more about the course contents


What you will learn

  • Become familiar with LME terminology and contracts
  • Understand the LME’s prompt date structure and trading procedures
  • Learn how to access the LME through member firms
  • Deepen your knowledge of the physical trading process
  • Gain comprehensive knowledge of the LME warehousing system
  • Get to grips with LME warrants and their multiple uses
Is this course for you?

This course is suitable for you if you have little or no knowledge of the London Metal Exchange’s operations and want to learn how these services can add value to your business.


Benefits for your organisation

This course will benefit your organisation by ensuring your employees have a clear understanding of how the LME supply chain functions and how the core services of the Exchange can benefit your company.


We work with a series of expert instructors, please select the course location of interest to review the credentials of who will be delivering the programme.

Robert Fig
Robert has recently set up his own commodity risk management consultancy. He comes with 38 years of experience in the commodity markets. From post-graduate studies in economics and development studies in South Africa, he moved into mining and agricultural commodity research, then into a base metal marketing capacity at a number of institutions, most notably the Bank of Nova Scotia.

In 2004 working for Mittal Steel and later ArcelorMittal, he set up, centralised and ran a commodity risk management operation for the world’s largest steel producer giving him invaluable experience inside a major industrial institution. Robert has also been consulted by various global, regional and academic institutions on commodity risk management. After joining the London Metal Exchange in 2011 Robert ran over 60 public and bespoke training courses in commodity risk management.

Robert has significant experience in analysing commodity risks in softs, metals, energy, shipping and carbon both in exchange and OTC products. He has delivered training to senior decision makers at major mining, industrial and global institutions across the world helping them to understand best practice in the management of their commodity risks
As a widely considered world leader in this field his career has delved into every area of the commodity markets having worked in research, banking, trading, managing corporate risk, working for an exchange and now adds training to a most interesting career.

Robert continues to provide bespoke training services for the LME and Euromoney in the delivery of LME public training. His simple, inclusive and engaging teaching methods have always garnered great feedback from those he trains.



Central London Hotel Venue

All courses are held at four or five star venues in Central London, Zone 1. We strive to provide you with a training environment of the highest quality, to ensure that the whole learning experience exceeds your expectations.

Your training venue will be confirmed by one of our course administrators approximately 3-4 weeks before the course start date. If you need help booking accommodation for your visit to our training courses, please contact accommodation@euromoneylearningsolutions.com and one of our partners will help you get the best rate possible.

Related Courses



Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company's exact requirements? If you'd like to do either of these, we can bring this course to your company's office. You could even save up to 50% on the cost of sending delegates to a public course.

To find out more about running this course in-house:

Our Tailored Learning Offering

If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

We produce learning solutions that are completely unique to your business. We'll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.


We can offer any of our public courses delivered at your office or we can devise completely tailored solutions:

Read more about our offering or complete a call back request to speak to a learning specialist.




Day 1

  • History, organisation and primary services of the LME
  • Pricing methodology
  • Prompt date structure and other LME terminology
  • LME contracts
  • Introduction to hedging
  • Warehousing and fundamentals of delivery - basic introduction
  • Trading at the LME
  • Understanding the role of a broker/dealer
  • Clearing and LME Clear
  • Regulation of the LME

Day 2

  • What are metals and how are they made?
  • Review of the role and contracts of the LME
  • LME delivery, warehousing and LME sword
  • Warehouse reforms
  • LME warrants, warrant withdrawal and inventory financing
  • Off-warrant commodity receipting with LMEshield
  • LME brand registration process
  • Contracts, Incoterms and documentation
  • Profit and loss of a physical trade
  • Management of the flow of products

Learning Outcomes

  • Become familiar with LME terminology and contracts
  • Understand the LME’s prompt date structure and trading procedures
  • Learn how to access the LME through member firms
  • Deepen your knowledge of the physical trading process
  • Gain comprehensive knowledge of the LME warehousing system
  • Get to grips with LME warrants and their multiple uses
Why us

We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

  • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
  • Track record – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
  • Knowledge – our 150 strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
  • Reliability – if we promise it, we deliver it. We have delivered over 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
  • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product