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JD400

10/15/24 2:43 PM

#6645 RE: JD400 #6644

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