The London Metal Exchange (LME) announced Friday that it has "received expressions of interest with regard to potential strategic transactions." According to a press release from the LME, "the Board will begin a formal process which may or may not lead to an acceptable offer for the company being received."
Meanwhile, average daily trading volume is up 18 percent so far in 2011, and up to the end of August, 93 million lots have been traded (the equivalent of $10.5 trillion and 2.2 billion metric tons of metal).
The LME accounts for 80 percent of traded volume in global metal futures transactions.