Global marketsUpdated 3h ago
LME aluminum buyers face a severe supply squeeze.
The squeeze is showing up in the inventory backing London Metal Exchange aluminum contracts: stocks have plunged, and spot prices are rising. Bloomberg reports that just two traders control much of what remains. That’s the shape of a market with little slack: less stock behind the contracts, and a large share of the remainder in only a couple of hands. Bloomberg calls it the exchange’s most severe squeeze in decades, with little immediate prospect of relief.
2 publishers3 reports
Coverage started November 9
Key Actors
- London Metal Exchange