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In a move to boost its rivalry in base metals trading against the London Metal Exchange (LME), the oldest and largest market for industrial metals, Chicago-based CME Group (NASDAQ: CME), one of the world’s paramount exchange operators, today said it will launch two aluminum futures contracts next month.
The new offering includes the introduction of Alumina FOB Australia futures and Alumina FOB Australia futures. Pending relevant regulatory reviews, both contracts will begin trading on September 26, 2016.
The world’s largest futures market operator said in a statement that new contracts will be available for trading on CME Globex, ... (read more)