About Aluminium Metal
Aluminium Futures are available for trading in The London Metal Exchange (LME). The standard contact weighs 25 tonnes. Aluminium (also spelled aluminium) is a chemical element with the symbol Al and atomic number 13. It is a silvery-white, soft, non-magnetic, and ductile metal in the boron group. By mass, aluminium makes up about 8% of the Earth’s crust; it is the third most abundant element after oxygen and silicon and the most abundant metal in the crust, though it is less common in the mantle below. The chief ore of aluminium is bauxite. Aluminium metal is so chemically reactive that native specimens are rare and limited to extreme reducing environments. Instead, it is found combined in over 270 different minerals.
About Aluminium Futures
Aluminium futures are derivative contracts in which the buyer agrees to take delivery, from the seller, in a particular quantity of aluminium at a particular price on a particular date in the future.
Aluminium futures are standardized, exchange-traded contracts in which the contract buyer agrees to take delivery, from the seller, a specific quantity of aluminium (e.g. 25 tonnes) at a predetermined price on a future delivery date.