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Cost* Historical Percentage of Aluminum Cost
*$$-$$$goes into these• Casting, extrusion and everything thatfinished product• Take from raw state of aluminum to a
What is the Conversion?
Conversion
*$brokerage fees• Warehousing, tariffs, freight andmarket to compliment LME aluminum contract)• U.S. Aluminum premium (for North American
What is the MWP?
Midwest Transaction Premium (MWP)
*$$-$$$• Chicago board of trade (CME group)• London Metal Exchange (LME)Example Base Commodity Markets
Base Commodity Aluminum Price
Aluminum Pricing | How It Works