News Focus
News Focus
Followers 59
Posts 21347
Boards Moderated 3
Alias Born 09/23/2009

Re: JD400 post# 6644

Tuesday, 10/15/2024 2:43:14 PM

Tuesday, October 15, 2024 2:43:14 PM

Post# of 7083

A squeeze in the London Metal Exchange aluminum market is drawing to a close, bringing relief to sellers who have been under pressure since a large buyer emerged.


For months, the October aluminum contract has been a focal point for traders due to its steep premium to later-dated futures. Now, with the contract set to expire on Wednesday, that premium has vanished after a wave of selling over the past two trading days.



https://www.mining.com/web/aluminum-squeeze-unravels-on-lme-easing-pressure-on-sellers/

as a mining board reporter I'm sorry I dropped the ball on whats been happening to aluminum

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today