AEGIS Hedging - Metals First Look
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LME Aluminum 3M Select trades $33.75 higher to $3683.50 at 8:26:27 AM
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(Bloomberg) – Aluminum jumped to a four-year high as fears of output cuts in top producer China compounded continuing disruptions in the Middle East. The industrial metal rose as much as 1.6% on the London Metal Exchange. Traders are concerned that Chinese smelters will be asked to trim production amid a nationwide inspection of key industries’ energy use and emissions, according to researcher Mysteel Global. The nation’s aluminum smelters have been running beyond capacity to capitalize on a global shortage caused by the conflict in the Middle East. LME prices have jumped since the start of the war in late February as the effective closure of the Strait of Hormuz dents supply from the region. Chinese authorities are now moving to rein in that over-production as inventories swell. A smelter in Baise, Guangxi province, has already cut output of molten aluminum, Mysteel wrote, without providing estimates of volumes affected. The steel and oil refining industries will also be targeted, the Ministry of Industry and Information Technology said in a statement on May 13. Meanwhile, copper swung between gains and losses, trading near $13,630 a ton, as investors monitored progress toward a possible deal to end the war in the Middle East. The red metal rose near-record highs this month following a flurry of bets on the metals needed for the build-out of infrastructure linked to the artificial intelligence boom.
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LME Copper 3M Select trades $-59.75 lower to $13607 at 8:26:27 AM
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CME HRC Steel last traded at $1080 and $0 lower at 5/22/2026
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Price Indications
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Today's Charts
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Metals Factor Matrix
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AEGIS Factor Matrices: Most important variables affecting metals prices
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Important Disclosure: Indicative prices are provided for information purposes only, and do not represent a commitment from AEGIS Hedging Solutions LLC ("Aegis") to assist any client to transact at those prices, or at any price, in the future. Aegis makes no guarantee to the accuracy or completeness of such information. Aegis and/or its trading principals do not offer a trading program to clients, nor do they propose guiding or directing a commodity interest account for any client based on any such trading program. Certain information in this presentation may constitute forward-looking statements, which can be identified by the use of forward-looking terminology such as “edge,” “advantage,” “opportunity,” “believe” or other variations thereon or comparable terminology. Such statements are not guarantees of future performance or activities.
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