ALUMINIUM: Wrapping up the LME contract and the contango

The years immediately after the global financial crisis will live long in the memory of the aluminium market.

As a confluence of economic factors pushed huge amounts of capital into commodities markets, it was aluminium that saw the greatest impact, with a proliferation of warehouse storage deals leading to huge delivery queues at those warehouses, premiums obliterating all precedents and the breakdown of the London Metal Exchange as a market of last resort for buyers. People may look at the past few years as an aberration in the aluminium market, but...

Published

Jethro Wookey

June 01, 2015

16:24 GMT

London