Aluminum pricing review targets Midwest premium

Commodity Futures Trading Commission Chairman Michael Selig has directed staff to review aluminum pricing mechanisms, including potential alternatives to existing benchmarks.

Speaking at the Beer Institute’s annual meeting, Selig questioned whether the London Metal Exchange’s (LME) aluminum Midwest premium benchmark adequately reflects US physical market conditions. He also raised the possibility of additional domestic futures contracts and derivatives specifically for recycled aluminum.

Nicholas Bell

Nicholas brings over half a decade of experience covering metals markets, pricing trends, and supply chain dynamics. Prior to joining AMU, he reported on aluminum, high-temperature scrap, and ferro-alloy markets at Argus Media, with additional coverage of minor metals and rare earths. His work has built deep expertise in North American metals pricing and trade flows. A native of Houston, Nicholas holds a bachelor’s degree in Media Production and an MBA with a concentration in Finance, both from the University of Houston.