Cargill is now a Category 2 Member of the London Metal Exchange
MINNEAPOLIS – Oct. 7, 2015 - Cargill is now recognized as a Category 2 member with the London Metal Exchange (LME). The company applied for membership as part of its business expansion in risk management, offering hedging strategies and solutions in base metals derivatives.
“Cargill is proud to be a Category 2 member of the LME, joining an esteemed group at the world centre of industrial metals trading,” said Mike LeSage, president of Cargill’s Risk Management business unit. “With more than two decades of experience offering tailored hedging solutions in agriculture, energy and currency markets, we have expanded our business to include base metals, offering a dynamic, customer-focused approach and tailored solutions that can only be found with Cargill.”
Cargill Financial Services Europe Limited (CFSEL) is the recognized Category 2 membership entity for the company. Cargill pursued a Category 2 membership for its Risk Management business, to provide customers with hedging strategies and products, including tailored options, swaps and structures. Separately, Cargill’s Metals business, as part of the global company’s Energy and Transportation platform, trades physical ferrous metals and does not operate in physical aluminum, copper or other base metals markets.
Anna Lovely, 952-984-3413, [email protected]
Cargill provides food, agriculture, financial and industrial products and services to the world. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and nearly 150 years of experience. We have 155,000 employees in 68 countries who are committed to feeding the world in a responsible way, reducing environmental impact and improving the communities where we live and work. For more information, visit Cargill.com and our News Center.