AEGIS Hedging - Metals First Look
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Note: Clients with AEGIS Platform access can see this and other research, plus hedge portfolio reporting and tools here.
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LME Aluminum 3M Select trades $-16.75 lower to $3506 at 8:20:07 AM
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LME Copper 3M Select trades $12.25 higher to $13402 at 8:20:07 AM
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(Bloomberg) – Copper rose for a fourth day, rallying alongside stocks and other risk assets as Iran evaluates a fresh proposal from US President Donald Trump to end a conflict that’s nearing the 10-week mark. Prices rose 0.4% on the London Metal Exchange, extending a surge seen over Tuesday and Wednesday fueled by growing optimism about the deescalation of a war that’s pushed up energy prices and threatened the global economy. The war in the Middle East has roiled metals markets by rupturing some supplies, cutting off flows of sulfuric acid needed by producers elsewhere, and risking a major hit to manufacturers worldwide. Aluminum has posted sharp gains after the region’s smelters were forced to cut production. “In the short term we probably think aluminum would react negatively to an end of the war,” Guy Wolf, global head of market analytics at Marex Spectron, said at a seminar in Hong Kong during LME Asia Week. “But probably then that would actually provide a buying opportunity because the production outages are not going to be resolved immediately.” Aluminum was the only metal to slump on the LME on Thursday, with prices trading 0.4% lower at $3,507 a ton as of 9:07 a.m. local time. Copper rose 0.3% to $13,433.50 a ton, while zinc rose 1.2% and tin climbed 1%, extending an 8.2% surge seen on Wednesday.
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CME HRC Steel last traded at $1076 and $-4 lower at 5/6/2026
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Price Indications
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Today's Charts
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Metals Factor Matrix
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AEGIS Factor Matrices: Most important variables affecting metals prices
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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.
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