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- LME Aluminum 3M Select trades $17.75 higher to $3259.50 at 9:25:31 AM
- LME Copper 3M Select trades $-98.75 lower to $14195 at 9:25:32 AM
- (Bloomberg) – Broad commodities appear richly valued near their 2008-11 highs relative to Treasury bonds, while record-setting copper risks joining 2026's pump-then-dump pattern across Bitcoin, gold, silver, platinum, palladium and iron ore. Commodities have also become increasingly subject to geopolitical pressures under President Donald Trump, with the US government selling crude oil and buying Treasury bonds as affordability remains a key issue ahead of November's election. Surging energy has been a 2026 focus, but spot prices for the sector are roughly where they were 20 years ago and remain notable for autocorrelation. Precious metals have been standout performers, but may show inklings of a peak akin to crude in 2008. Copper is atop our radar, with its correlation to the S&P 500 reaching multidecade highs while crude’s has fallen to a multidecade negative – extremes that may signal what comes next.
- CME HRC Steel last traded at $1207 and $2 higher at 8/31/2026
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.