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- LME Aluminum 3M Select trades $42.75 higher to $3600 at 8:20:33 AM
- (Bloomberg) – Premiums over the LME price in Europe, US Midwest and Japan should stay high after surging to a record on Middle East supply concerns and high energy prices, lifting arbitrage demand. European premiums are supported by South32's closure of the Mozal smelter, removing 560,000 tons of capacity and tightening low-carbon supply already in deficit. The smelter accounted for over 5% of national demand. New European carbon rules from this year add further support. US Midwest premiums remain elevated, reinforced by 50% tariffs. Japan's premium is buoyed by the shortfall in Middle East supply, which accounted for about 25% of imports. Automakers like Toyota and Denso, reliant on Middle East aluminum for up to 70% of their needs, are cutting output and seeking alternatives. China's prices trade at a discount.
- LME Copper 3M Select trades $58.75 higher to $13289.50 at 8:20:36 AM
- CME HRC Steel last traded at $1047 and $1 higher at 4/21/2026
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.