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LME Aluminium. LME Aluminium (or LME Aluminum in American and Canadian English) stands for a group of spot, forward, and futures contracts, trading on the London Metal Exchange (LME), for delivery of primary Aluminium that can be used for price hedging, physical delivery of sales or purchases, investment, and speculation. [1]
Data from USGS. The aluminum industry in the United States in 2023 produced 860 thousand metric tons of aluminum from refined metal ore (primary production), at six smelters. In addition, US industry recycled 3.4 million tons of aluminum (so-called secondary production aluminum). [1] Total annual imports of metal and alloy for use in secondary ...
Chemically, aluminium is a post-transition metal in the boron group; as is common for the group, aluminium forms compounds primarily in the +3 oxidation state. The aluminium cation Al 3+ is small and highly charged; as such, it has more polarizing power, and bonds formed by aluminium have a more covalent character.
In 2000, the U.S. was the largest producer of primary aluminum. The six remaining smelters in the U.S. now make up a small percentage of global capacity.
For example, in gold futures trading, the margin varies between 2% and 20% depending on the volatility of the spot market. [2] A stock future is a cash-settled futures contract on the value of a particular stock market index. Stock futures are one of the high risk trading instruments in the market.
Aluminum Corporation of China (Chinalco) is a state-backed holding company established to be the primary aluminium producer in the People's Republic of China in 2001. [6] It is the parent company of Aluminum Corporation of China Limited (Chalco) which is listed on the New York, Hong Kong and Shanghai stock exchanges. [6]
Stock valuation is the method of calculating theoretical values of companies and their stocks.The main use of these methods is to predict future market prices, or more generally, potential market prices, and thus to profit from price movement – stocks that are judged undervalued (with respect to their theoretical value) are bought, while stocks that are judged overvalued are sold, in the ...
Aluminium smelting. Straumsvik aluminum smelter, operated by Rio Tinto Alcan in Iceland. Aluminium smelting is the process of extracting aluminium from its oxide, alumina, generally by the Hall-Héroult process. Alumina is extracted from the ore bauxite by means of the Bayer process at an alumina refinery.