Market Overview

Alcoa Comments on LME Board Decision

Alcoa (NYSE: AA) commends the London Metal Exchange (LME) for taking
steps today to create a more transparent marketplace, which Alcoa
recommended and industry participants broadly support. The immediate
next step is for the LME to provide a clear timeline in which to
implement this change. Alcoa believes this is key to ensuring a more
transparent system which increases fairness and improves market function.

Alcoa supports the LME's intention to examine creating premium
contracts, which Alcoa recommended in its response to the LME's proposed
warehouse rule changes. Premium contracts would provide market
participants the ability to hedge exposure to the all-in price. We look
forward to working with the LME to develop these contracts. Alcoa is

See full press release

Posted-In: News Guidance Offerings Contracts Asset Sales Management Global

 

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