The Vault · 2026-03-30 09:56:52 · Seeking Alpha
Aluminum prices on the London Metal Exchange surged 6% following Iranian attacks that struck major production facilities in the Middle East. The immediate price shock reflects the market's acute sensitivity to supply disruptions from a region that is a critical global hub for aluminum smelting. This is not a routine fl...
The Vault · 2026-04-09 18:57:14 · Bloomberg Markets
A key architect of the enormous aluminum positions that forced the London Metal Exchange (LME) to rewrite its rulebook has departed the firm. Sonny McNess, a veteran trader at Swiss commodity giant Mercuria Energy Group, has left the trading house. His exit follows a period of intense scrutiny after the positions he he...
The Vault · 2026-04-13 22:22:20 · ZeroHedge
A critical aluminum futures spread on the London Metal Exchange has surged into its most extreme backwardation since 2007, a stark signal of immediate supply panic. The market convulsion follows the activation of a U.S.-led Strait of Hormuz blockade and a force majeure declaration from the region's largest producer, Em...