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- LME Aluminum 3M Select trades $4.75 higher to $3072.50 at 9:25:50 AM
- LME Copper 3M Select trades $-18.50 lower to $12791 at 9:25:51 AM
- (Bloomberg) – The recent extreme volatility in metals markets may slow the pace of dealmaking in mining this year as wild price swings complicate transactions, according to the industry’s most active investment bank. While interest in takeovers is being buoyed by high metals prices, strong balance sheets and growing shareholder support, getting companies to agree on the value of deals is now getting harder, said Ilan Bahar and Jamie Rogers, co-heads of global metals and mining at BMO Capital Markets. Copper and precious metals remain key areas where dealmaking looks positive, with a race to bulk up copper portfolios amid surging demand from global electrification and the cost of developing deposits.
- CME HRC Steel last traded at $983 and $1 higher at 9:37:37 AM
Price Indications
Today's Charts
Metals Factor Matrix
AEGIS Factor Matrices: Most important variables affecting metals prices
Important Disclosure: Indicative prices are provided for information purposes only, and do not represent a commitment from AEGIS Hedging Solutions LLC ("Aegis") to assist any client to transact at those prices, or at any price, in the future. Aegis makes no guarantee to the accuracy or completeness of such information. Aegis and/or its trading principals do not offer a trading program to clients, nor do they propose guiding or directing a commodity interest account for any client based on any such trading program. Certain information in this presentation may constitute forward-looking statements, which can be identified by the use of forward-looking terminology such as “edge,” “advantage,” “opportunity,” “believe” or other variations thereon or comparable terminology. Such statements are not guarantees of future performance or activities.