Due to record highs of copper, the London Metal Exchange has introduced measures to maintain “orderliness and continued liquidity”. In context, the price of copper per tonne has now reached $1,000. The previous high for the market had been $330 per tonne in 1996-97.
Eh?
Something’s got garbled there. Maybe they mean the backwardation is now $1k??
Tenuous link – What do you make of this Tim?
https://www.smalldeadanimals.com/2021/10/21/its-probably-nothing-113/
Don’t know enough about Mg to be able to comment really.
Well, except you don’t need Mg to make Al. You do need Mg to make Al alloys tho’.
Surely the previous high was yesterday when it was $999 per ton. And previously the day before yesterday when it was $998 per ton.