Robert Fig joined the LME in 2011 and is Head of Physical Market Sales. He comes with 30 years experience in the commodity markets. From post-graduate 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 Scotia Capital. In 2004 working for Mittal Steel and later ArcelorMittal, he set up, centralised and ran their commodity risk management operation. Robert has been consulted by various global, regional and academic institutions on commodity risk management. He now adds the LME to a most interesting career.
Need to know
The London Metal Exchange is the world centre for industrial metals trading. More than three quarters of global non-ferrous futures business is conducted on the LME totalling $12 trillion, 4 billion tonnes and 170 million lots in 2015. Participants can transfer or take on price risk against aluminium, copper, nickel, tin, zinc, lead, molybdenum, cobalt, three ferrous, four regional aluminium premium and two regional aluminium alloy contracts. In December 2015, approximately 4.2 million tonnes of material were held on LME warrant in more than 600 storage facilities in 15 countries across 37 locations globally. The LME is a member of HKEx Group.