CFTC Chairman: Directed team to study aluminum pricing mechanisms and options for U.S. market reform
According to a speech at the Aluminum Association annual meeting published on the CFTC website, the Chairman stated that he has directed the global markets team to study aluminum pricing mechanisms and develop reform options to protect the U.S. market and manufacturers. He proposed exploring aluminum contracts tied to U.S. physical delivery, as well as risk management tools for recycled aluminum; these remain areas of study, with no new rules announced to take effect or the elimination of the Midwest premium. The speech noted that the views expressed are the Chairman's personal opinions and do not necessarily represent the position of the Commission.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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