Most of the world’s global non-ferrous futures business is conducted on the LME’s three trading platforms, totaling $18 trillion, 178 million lots and 4 billion tonnes with a market open interest high of 1.8 million lots in 2024.
Volatile LME spreads may not directly dictate physical aluminum prices, but with tight inventories, rising Midwest premiums, and traders creating "artificial contangoes", financing costs are increasingly being pushed into the physical market.
Market Movement: Stocks are mixed this week bond yields are up after a strong jobs report on Friday.Job Numbers: Non-farm payrolls added 256k jobs, unemployment’s down to 4.1%, but inflation’s still stubborn—Fed might hold off on rate cuts.Upcoming Data: PPI and CPI reports drop this week—watch for inflation updates.Port Strike Avoided: Strike was called off […]