AMU Explainer: Understanding open interest as a guide to price movements on LME
This AMU Explainer breaks down how LME open interest works and how it can help you interpret shifts in market sentiment and price direction.
This AMU Explainer breaks down how LME open interest works and how it can help you interpret shifts in market sentiment and price direction.
Southwire is expanding the footprint of its Heflin, Alabama cable plant and intends to outfit the additional space with new aluminum-capable drawing and medium-voltage cable production equipment.
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.
WM is on track to invest more than $1.4 billion in building and upgrading 39 recycling facilities across North America between 2022 through 2026
Prysmian’s groundbreaking for a 650,000-square-foot medium-voltage cable facility on Encore Wire’s Texas campus marks a big development in the aluminum wire and cable sector.
Sortation technology is often puzzle where the end goal determines the methods employed, making it hard to gauge what companies are capable of going beyond standard processing.
Scrap Expo signals accelerated advancements in sortation and growing demand for high-recycled content metals.
LME aluminum price recovers as Chinese imports are still significantly down, despite rise in monthly totals.
ADI is coming to the market as early as September to start the big buying season-- the one the UBC market was waiting for before pricing themselves.
Gary Chandler will be the new head of the merged entities.