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 $6.50 higher to $3229.50 at 8:19:45 AM
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LME Copper 3M Select trades $11.50 higher to $14078 at 8:19:55 AM
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(Bloomberg) – Copper futures in New York traded just short of an all-time high, as investors awaited a decision on US tariffs, while also tracking a push to reopen the Strait of Hormuz that lifted demand for risk assets. The metal has gained more than 17% on Comex this year — stretching its premium over London Metal Exchange prices — as traders position for any announcements on import levies. The higher US rates have kept large volumes flowing to American ports, tightening the market elsewhere. In the Middle East, fears over escalation in the US-Iran war have given way to hopes for an agreement to reopen the strait. President Donald Trump told reporters in Los Angeles that negotiations with Tehran were going well. Along with copper, lead, zinc and aluminum edged higher as the US dollar fell. Most commodities including base metals stand to benefit from steps toward resolving the conflict that’s rocked global markets this year. The fresh bout of optimism has softened inflation concerns and spurred traders to rein in bets on Federal Reserve interest rate hikes over the rest of 2026. That’s positive for industrial materials that are keyed to expectations for global growth.
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CME HRC Steel last traded at $1193 and $3 higher at 8/4/2026
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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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