What Are Aluminum Futures?
Aluminum futures are available for trade on the London Metal Exchange. LME futures contracts are quoted in U.S. dollars and cents per metric ton, with each contract representing 25 tonnes (about 55,000 pounds). Clearable currencies include the U.S. dollar, yen, pound, and euro. Aluminum must be primary aluminium with impurities no greater than in the registered designation P1020A in the North American and International Registration Record entitled “International Designations and Chemical Composition Limits for Unalloyed Aluminum.”
Aluminum futures traded on the COMEX division of the NYMEX, but were delisted in September 2009. Those contracts were delivered in all months of the year.