To benefit large brewers, U.S. Sens. Cory Gardner (R-CO) and Tammy Baldwin (D-WI) recently introduced the Aluminum Pricing Examination Act (APEX Act), which would give the Commodity Futures Trading Commission “exclusive jurisdiction over the setting of reference prices for aluminum premiums.” This is a misguided attempt to subject market prices to the approval of government bureaucrats.
Markets for commodities purchased at high volume like aluminum operate a bit differently than those for typical consumer goods. It's not like buying a product off the shelf. However, the fundamentals are still basically the same; it comes down to supply and demand.
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