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 $-50.25 lower to $3653 at 8:22:27 AM
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LME Copper 3M Select trades $65 higher to $13889 at 8:22:27 AM
- (Bloomberg) – Copper edged higher after a rise in orders for metal in London Metal Exchange warehouses, bucking a broader downtrend on the exchange as traders weighed US President Donald Trump’s fraught push to reach a peace deal with Iran. Prices were 0.4% higher by late morning in London, after a large order to withdraw copper from LME warehouses in the US reduced the volume of readily available stock to the lowest level in three months. That follows on from a huge withdrawal last month, and comes as traders seek to capitalize on a lucrative arbitrage trade linked to the possibility that Trump will impose tariffs on the metal. Copper came under pressure earlier, as Iran said there had been no recent progress in talks with the US over an interim peace deal. Meanwhile, fighting continued in Lebanon despite Washington’s declaration of a ceasefire between Israel and the country. Metals have given up some of the big gains they made earlier this week. “Near-term price direction is likely to remain sensitive to macro risks, with uncertainty in the Middle East acting as a headwind,” analysts from ING Groep NV said in a note.
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CME HRC Steel last traded at $1125 and $1 higher at 6/3/2026
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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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