Rusal, Reynolds back CME aluminum futures

May 07, 2014 | 04:08 PM | Daniel Fitzgerald

Tags  CME Group, aluminum contract, UC Rusal, Reynolds, MillerCoors, futures contract, Midwest premium, aluminum Lance Mitchell

NEW YORK — United Co. Rusal (UC Rusal) and Reynolds Consumer Products Inc. have voiced their support for CME Group Inc.’s North American aluminum futures contract, which saw 56 contracts traded on its opening day May 6.

CME said that the contracts were traded in four different expiry months by Macquarie Bank Ltd.

The active trading in the new aluminum contract stands in contrast to other metal contracts introduced recently by the Chicago-based exchange, a CME executive told AMM (amm.com, May 6).....





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