Buyers eye use of new LME secondary contract

摘要

Aluminum buyers at the Big Three automakers have expressed interest in using the newest creation of the London Metal Exchange (LME), a "Midwest-delivered' hedging contract for an aluminum alloy designed to lend greater domestic transparency to often volatile monthly pricing for grade A380. U.S.automakers use this material to make engine blocks, cylinder heads, manifolds, transmisison and water-pump casings and other nonstructural parts.