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Red-hot metal pours from a furnace, creating a halo of sparks as it lands in a mold. Across the plant, acid solutions dissolve precious metals in specialized tanks. “No place for a lady,” a person of a certain era or mindset might describe the North Carolina plants where precious metals recycler Metallix mines scrap materials for gold, silver, platinum, palladium and rhodium.
Aluminum swaps have come a long way since August 9th 2013, when the first lots on the CME’s MW US Transaction futures contract were reported to have traded. By the end of May 2016, open interest for exchange traded CME premium contracts stood at 27,890 lots [735,250 mt], up 194% on year. Swap contract trade rose further in June, with large volumes traded for H2 2016 and H1 2017.
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