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OVERVIEW • London Metals Exchange
• Pricing
• Aluminum Alloys
• Rod & Wire
• Re-Spool
• Common Quality Issues
LONDON METALS EXCHANGE(LME) • Origins traced to AD43 – Romans
• Officially organized in 1877
• Over 700 Warehouses in 40 locations, within the USA, Europe & Asia Storing Ingots
LME AVERAGE & ROD PRICING LME Average = Closing price from each trading day, averaged over a calendar month.
Rod Price Calculation:
LME $0.96 + MWTA $0.08 + Alloy Adder $0.26 = Rod Price $1.30 per pound
10 YEARS OF LME PRICING
$0.000$0.200$0.400$0.600$0.800$1.000$1.200$1.400$1.600
Jan-
03N
ov-0
3Se
p-0
4Ju
l-05
May
-06
Mar
-07
Jan-
08N
ov-0
8Se
p-0
9Ju
l-10
May
-11
Mar
-12
Jan-
13
LME
LME
PRICING MANIPULATION? http://www.thedailyshow.com/watch/thu-july-25-2013/john-oliver-s-arcane-details-of-boron-group-metals-pricing-update---aluminum-hoarding
ALUMINUM ALLOYS • 1XXX = 99% Minimum Purity
• 2XXX = AL– Copper
• 3XXX = AL– Manganese
• 4XXX = AL– Silicon
• 5XXX = AL - Magnesium
• 6XXX = AL – Silicon – Magnesium
• 7XXX = AL – Zinc – Magnesium
• 8XXX = AL – Lithium and MISC.
TYPICAL ALLOY USES • 1XXX – Electrical, Fencing, Packaging
• 2XXX – Heading, Aerospace
• 3XXX – Pots/Pans, Heat Exchangers
• 4XXX – Welding
• 5XXX – Screens, Marine, Heading
• 6XXX – Electrical, Clips,
• 7XXX – Aerospace, Sports Equipment
• 8XXX – Aerospace
ROD & WIRE • Rod size is typically .375” Dia.
• Rod coils typically weigh 5,000 #
• Rod is drawn through a series of dies
• Typical Metalizing Wire is .062”Dia.
Re-Spool • Variety of plastic spool sizes
• Spool specs are important
• Flange, barrel, arbor, traverse, width
• Packaging
COMMON QUALITY ISSUES • Cleanliness – Excess drawing
lubricants is the main cause.
• Winding/tangles – weak spools, poor handling.
• “Wild” wire – The hardness of the wire is not optimum for metalizing