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The LME Aluminum is a group of spot, forward, and futures contracts traded on the London Metal Exchange (LME), for delivery of primary aluminum. The contracts are used for price hedging, physical delivery of sales or purchases, investment, and speculation. Producers, semi-fabricators, consumers, recyclers, and merchants can use aluminum futures contracts to hedge aluminum price risks and to reference prices. Some companies that use LME Aluminum contracts to hedge aluminum prices include General Motors, Boeing, and Alcoa.
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