Note: Clients with AEGIS Platform access can see this and other research, plus hedge portfolio reporting and tools here.
- LME Aluminum 3M Select trades $-5.75 lower to $3660 at 8:47:40 AM
- LME Copper 3M Select trades $-183.50 lower to $13750 at 8:47:41 AM
- (Bloomberg) – Copper slumped, and other base metals fell, as caution swept through risk assets ahead of key US employment data that could shape expectations for Federal Reserve policy. After a strong start to this week — including copper’s second-highest close on record — metals have headed lower on concerns about the Middle East war and a retreat in technology stocks. The US jobs data due later Friday is expected to show a solid increase, which would bolster expectations for the Fed to raise rates in the next 12 months. The unresolved conflicts in the Middle East remain a major headwind for the global economy and metals demand. Progress toward a peace deal between the US and Iran has stalled this week after the Tehran-backed Hezbollah militia rejected a truce in Lebanon. “Even under our macro team’s base-scenario of gradual de-escalation in Middle East tensions by mid-to-late June, risks to metals demand remain skewed to the downside,” BMI, a Fitch Solutions company, wrote in an emailed note.
- CME HRC Steel last traded at $1125 and $0 lower at 6/4/2026
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.