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- LME Aluminum 3M Select trades $-23 lower to $3597.50 at 8:15:26 AM
- (Bloomberg) – Spot aluminum prices are trading at steep premiums to later-dated futures in London, in a condition known as backwardation that signals growing supply strains as the Iran war continues. On Friday, contracts expiring in one day traded at a $18-a-ton premium to those maturing a day later on the London Metal Exchange, reaching the highest level in two years. A closely watched three-month spread also surged toward a 19-year high struck last week, with the backwardations indicating that demand for spot metal is outpacing supply. Aluminum prices have rallied about 15% since the start of the conflict, outperforming other industrial metals as the threat to regional supplies has offset growing worries about the war’s impact on the global economy.
- LME Copper 3M Select trades $-67.75 lower to $13288.50 at 8:15:27 AM
- CME HRC Steel last traded at $1045 and $0 lower at 4/23/2026
Price Indications
Today's Charts
Metals Factor Matrix
AEGIS Factor Matrices: Most important variables affecting metals prices
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