Alcoa Urges More Transparency at LME in Aluminum Trading
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Alcoa Inc., the largest U.S. aluminum producer, is urging the London Metal Exchange to provide more transparency about its marketplace for the lightweight metal.
The current system isn’t sustainable, Klaus Kleinfeld, Alcoa’s chairman and chief executive officer, said in an interview. At stake, he said, is the London exchange’s relevance as the price-setter to producers and users of aluminum, the metal used in products from beer cans to aircraft.