Secondary aluminum which was presented at the London Stock Exchange, London Metal Exchange, in 1991. The Future on secondary Aluminium is introduced on the LME, to provide a means for funding, and a more realistic basis of reference prices for aluminium processing industry secondary that had previously been offered through the primary aluminium contract.
Specific characteristics of secondary aluminum futures contract
Contract: Aluminum alloy with the following specifications-to 380.1, 226 or D12S
Lot Size: 20 tonnes (with a tolerance of +/-2)
Margin per Lot: $ 2,680 (updated 22 September 2014)
Forms: –T bullion bars
Quote: USD