What is LME aluminium?

(September 2020) LME Aluminium (or LME Aluminum in American and Canadian English) stands for a group of spot, forward, and futures contracts, trading on the London Metal Exchange (LME), for delivery of primary Aluminium that can be used for price hedging, physical delivery of sales or purchases, investment, and speculation.

What is LME & how does it work?

It is the largest exchange for options and futures contracts for base metals, which include aluminum, zinc, lead, copper, and nickel. The exchange also facilitates trading of precious metals like gold and silver. The LME is located in London, England, but has been owned by Hong Kong Exchanges and Clearing since 2012.

Which companies use LME aluminium contracts to hedge aluminium prices?

Notable companies that use LME Aluminium contracts to hedge Aluminium prices include General Motors, Boeing, and Alcoa.

How to check LME aluminium premium closing prices?

Under AlToolz, besides providing the LME Aluminium and Aluminium Alloy prices, AlCircle provides Daily LME Aluminium Premium Closing Prices as updated on a one-day delayed basis. Users can log-in to see the prices and understand the aluminium market dynamics. They can also get access to the archive prices.