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.
Tag: Trading
AMU Explainer: Backwardation versus contango and why it matters
AMU Explainer is a series where we demystify parts of the aluminum industry.
AMU Explainer: Buying physical metal on The London Metal Exchange
The metals industry can confusing for a newcomer. The aim of this series is to explain these terms and practices in plain language.
China trade data: Pivoting away from U.S. dependency
Ever since it launched its One Belt One Road campaign in 2013, China has been relentless in building markets overseas.
LME outlines plans to modernize options market
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.
Join AMU for a webinar about the future of premiums and scrap tolling
Join AMU experts Greg Wittbecker and Nicholas Bell on Thursday, September 25 at 11 a.m. ET
LME contangoes: Why they may or may not matter
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.
Traxys teams up with Pure Aluminum, Consortium Metals to boost US recycled aluminum production
The partnership could reshape how recycled aluminum is processed and delivered to customers across the United States.
Court of International Trade sets limits on extrusion duty appeals
The ruling might not be the last word – but it’s a signal on where future cases my land.
Understanding aluminum imports: What are your options?
On February 11, 2025, President Trump slammed the door on aluminum imports with a sweeping 25% tariff, eliminating all previous country exemptions. No more breaks for Canada, Mexico, or the EU, if aluminum is coming into the U.S., it’s getting taxed. Period. This move is a game-changer for manufacturers, processors, and buyers who rely on […]