AEGIS Hedging - Metals First Look
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Note: Clients with AEGIS Platform access can see this and other research, plus hedge portfolio reporting and tools here.
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LME Aluminum 3M Select trades $36.75 higher to $3168.50 at 8:10:02 AM
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LME Copper 3M Select trades $294 higher to $13460 at 8:10:07 AM
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(Bloomberg) – Copper jumped during a broad rally for industrial metals as investors shrugged off a fresh round of US strikes on Iran to track broader gains in risk assets. The industrial metal jumped as much as 2.2% in London, erasing losses earlier in the week sparked by the escalation of the Iran conflict. Equities also rallied. The resumption of hostilities in Iran threatens to once again restrict energy supplies from the Strait of Hormuz, curbing economic growth and demand for industrial commodities. That risk has sparked choppy trading conditions in the copper market since an interim peace deal was signed last month, with investors reacting quickly to flare-ups and de-escalations between the two sides. Copper is also being supported by a slew of fundamental drivers, including a drawdown in inventories in China and supply headwinds in South America, according to Al Munro, metals strategist at Marex Group. “The fast money dominates our trading landscape, so you see a lot of these sharp intraday swings,” Munro said by phone. “Meanwhile, China continues to buy the dips.”
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CME HRC Steel last traded at $1155 and $0 lower at 7/8/2026
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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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