LME Aluminum 3M Select trades $-46.50 lower to $3022 at 9:26:06 AM
(Bloomberg) – Aluminum buyers on the London Metal Exchange are facing a severe squeeze as inventories backing contracts plunge and much of the remaining stock comes under the control of just two traders. Spot prices for aluminum spiked to trade $176.80 a ton above benchmark three-month futures on the exchange on Thursday, hitting the highest level on record in data spanning more than 30 years. The premiums for spot contracts are the steepest in the LME aluminum contract since the late 1980s, causing major commercial challenges for holders of short positions who must either buy back their contracts or deliver metal against them at expiry.
LME Copper 3M Select trades $-212.25 lower to $13606 at 9:26:09 AM
CME HRC Steel last traded at $1351 and $-6 lower at 11/11/2026
