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- LME Aluminum 3M Select trades $64.75 higher to $3258.50 at 8:00:59 AM
- (Bloomberg) – Aluminum jumped after Qatar’s state-owned energy producer said it would halt output of the metal as the Iran war throttles supply lines for smelters throughout the Middle East. Qatar’s announcement adds to signs of growing stress for producers in the region and their customers in markets spanning Asia, Europe and the US. Orders to withdraw aluminum from warehouses tracked by London Metal Exchange more than doubled to 86,025 tons on Tuesday, as traders brace for widespread disruptions to supplies. Aluminum has bucked a broader downturn in metals markets as the Iran crisis deepens, with traders focused on potential supply dislocations or production cuts in a region responsible for about 9% of global output. The US Midwest premium — a key benchmark for American manufacturers — on Monday rose 1.4% to $1.055 a pound, just below the mid-February record of $1.065.
- LME Copper 3M Select trades $-251 lower to $12857.50 at 8:01:00 AM
- CME HRC Steel last traded at $1011 and $-4 lower at 3:00:10 AM
Price Indications
Today's Charts
Metals Factor Matrix
AEGIS Factor Matrices: Most important variables affecting metals prices
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