Modern CTRM for North American Metals Trading
In North America the exchange price is only part of what you pay. Novaex tracks the delivered cost stack — LME base, Midwest Premium and tariff exposure — with USD trading and CAD reporting for metals traders, producers and manufacturers across the US and Canada.
What Makes North American Metals Different
A North American desk rarely pays the exchange price. What it pays is the LME base plus a regional premium that moves on its own supply, freight and policy drivers — and, for imported metal, a tariff component on top. Canadian producers selling south carry the same stack from the other side of the border. Treating the premium as a footnote to the exchange price is how margin quietly disappears between the trade and the invoice.
Built for North American Trading Operations
Midwest Premium In The Cost Stack
A US delivered aluminium price is the LME base plus the Midwest Premium, and the premium moves on its own drivers. Novaex tracks both, and shows delivered cost as a stack rather than collapsing it into one number.
Tariff Exposure, Made Visible
Measures such as Section 232 feed straight into the delivered price of imported metal and into the regional premium. Novaex models that component so a change shows up in your position and margin instead of surfacing weeks later in a landed-cost reconciliation.
LME Pricing, COMEX-Informed Signals
Front-line pricing is LME, with real-time COMEX futures data ingested behind the scenes as an input to our AI models. We don't provide COMEX dashboards or raw feeds — we use that data to make every signal and alert better informed.
USD Trading, CAD Reporting
Trade and price in the currency the market quotes while reporting in the one you book in. Positions and Mark-to-Market P&L in USD or CAD, with the currency component of P&L shown separately from the metal.
Why North American Firms Choose Novaex
Delivered cost, not just exchange price — across both sides of the border.
Premium-Aware Pricing
Regional premiums tracked as first-class inputs, not annotations on an exchange price.
Cross-Border Clarity
For Canadian metal moving south, the delivered-cost and tariff components are visible in the position.
Integrated Risk
Physical, financial and FX exposures in one position view across both countries.
Evidence On Demand
Immutable audit trails and reports generated in minutes, so your own obligations are straightforward to evidence.
Where else we operate
Novaex serves base-metals teams across these regional markets — each with its own exchange, currency and supplier patterns.
India Commodity Trading
Integrated MCX and LME pricing, INR-denominated analytics and audit-ready reporting for Indian desks.
Southeast Asia Metals
ASEAN base-metals trading with SHFE-led pricing signals and multi-currency exposure.
Middle East Metals Trading
GCC smelter and trading hub coverage with multi-currency analytics for AED, SAR and USD desks.
EU LME Trading
EU desks with Rotterdam and CIF port premiums, EUR reporting and MiFID II readiness.
UK Metals Trading
London desk with the LME as a domestic market, UK delivered cost and sterling reporting.
Frequently Asked Questions
Modern CTRM for North American Metals
Get delivered-cost intelligence across the LME base, Midwest Premium and tariff exposure, with USD trading and CAD reporting.