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Aluminium and Other Base Metals: Understanding Risk Management
and Hedging by Jorge Eduardo Dyszel

A beginner-level course designed by Jorge Eduardo Dyszel, one of the world’s leading risk management consultants for base metals and a trainer for the London Metal Exchange (LME).

Focus: Addressing the unique dynamics of the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE)

  • Risk Management
  • Futures Trading
  • Hedging

Duration 4 weeks (2 sessions/week)
Mode Online (Every week - Tuesday and Thursday - 7 to 8 pm (IST))
Starts 20 May, 2025 | Ends: 12 June, 2025
Why you should attend the course:
  • Risk management 101
    Learn to safeguard investments from market volatility.
  • Practical hedging strategies
    Understand real-world techniques used by industry professionals.
  • Trading confidence
    Minimise risks and make informed financial decisions.
  • Hands-on learning
    Gain insights through case studies and interactive discussions.
  • A strong foundation
    Set the stage for advanced trading success.
Who is the course for?

This course is designed for young traders, students, and beginners eager to gain practical, real-world trading knowledge. In just 4 weeks, you will transform into a pro trader, guided by expert insights and hands-on strategies.

What you will get at the end of the course:

2-page summary/cheat sheet for quick reference to help you during trading

Certificate of attendance issued by AL Circle and Jorge

Entry to Jorge's exclusive WhatsApp community

Recordings Access: 90 days post-program (streaming only)

20% discount on Jorge’s upcoming book

Course Structure

Session 1: The birth of hedging (1 hour) 

Date and Time:
20 May 2025, 7 to 8 pm (IST)

Objective:
Understand the origins and basic principles of hedging.

Topics covered:
  • Introduction to hedging: The umbrella analogy
  • Origin of hedging and futures markets
  • Dynamics of today’s commodity futures markets
  • Market participants: Producers, Trading Companies, Speculators
  • Difference between Hedgers and Speculators


Session 2: Market dynamics and pricing (1 hour)

Date and Time:
22 May 2025, 7 to 8 pm (IST)

Objective:
Explore the relationship between physical and futures markets.

Topics covered:
  • Relationship between futures and physical markets
  • Components of a physical contract: price and premium
  • Pricing a contract and premium structures
  • Building the total price of a transaction

Engagement:
Live Q&A, community interaction task

Session 1: Decoding the LME (1 hour)

Date and Time:
27 May 2025, 7 to 8 pm (IST)

Objective:
Understand the structure and mechanics of the London Metal Exchange.

Topics covered:
  • History of the LME and its global role
  • The 3 roles of the LME: Price Discovery, Hedging, Delivery
  • Role of brokers and clearing mechanisms (LME Clear)
  • Understanding margins and credit lines


Session 2: Price structures and market trends (1 hour)

Date and Time:
29 May 2025, 7 to 8 pm (IST)

Objective:
Analyze price discovery and market trends.

Topics covered:
  • Price structures: Contango, Backwardation, Flat Curves, Mixed Curves
  • How curve changes affect trading strategies
  • Practical analysis with graphs

Engagement:
Case study on market price structures

Session 1: Futures trading mechanics (1 hour)

Date and Time:
3 June 2025, 7 to 8 pm (IST)

Objective:
Grasp the mechanics of futures trading and order types.

Topics covered:
  • Establishing positions with futures
  • Cash vs physical settlement
  • Types of orders: Market, Limit, Stop, Combined, Official Price


Session 2: Options trading simplified (1 hour)

Date and Time:
5 June 2025, 7 to 8 pm (IST)

Objective:
Learn the fundamentals of options and their applications.

Topics covered:
  • Call and Put options explained
  • Components of options premium
  • Bought Call vs Bought Futures
  • Bought Put vs Sold Futures

Engagement:
Interactive activity on structuring basic hedge positions

Session 1: Practical hedging applications (1 hour)

Date and Time:
10 June 2025, 7 to 8 pm (IST)

Objective:
Apply hedging strategies to real-world scenarios.

Topics covered:
  • Hedging monthly QPs and uncertain QPs
  • Benefits and risks of hedging with options
  • Introduction to dynamic hedging


Session 2: Internal organisation and strategic models (1 hour)

Date and Time:
12 June 2025, 7 to 8 pm (IST)

Objective:
Understand the organisational structures supporting hedging.

Topics covered:
  • Internal hedging structures and risk committees
  • 7 key hedging questions every organisation must answer
  • Strategic inventory hedging

Engagement:
Final Q&A and group discussion

About Jorge Eduardo Dyszel


Jorge’s career, spanning over four decades, showcases his expertise as one of the world's foremost consultants in risk management, specialising in base metals and the London Metal Exchange (LME). From his early days in Buenos Aires, where he earned his CPA, to working with leading firms such as Aluar Aluminio Argentino and Glencore, Jorge’s contributions in hedging strategies and risk Management has been instrumental in shaping industries across 15 countries on three continents.

His role as a trainer for the LONDON METAL EXCHANGE paved the way for a significant educational impact, where he trained countless professionals in metals trading. His influence extended to prestigious institutions, including ARZYZ Hedging School in Monterrey, Mexico, ALUAR ACADEMY in Buenos Aires Argentina, and RIBA FARRE Little School in Barcelona, Spain. His commitment to education continues to make waves in the field of commodities trading and risk management.

AND GET AN EARLY-BIRD
DISCOUNT
*Applicable for the first 10 bookings

Still not sure? Join the FREE Course PREVIEW Webinar for all the
details!

Date and Time :
6 May 2025
7 to 8 pm (IST)

Duration:
1 hour

Why join: Join this FREE webinar for an overview of "Aluminium and Other Base Metals: Risk Management and Hedging," led by Jorge, a top LME-certified risk management consultant.

Learn hedging fundamentals with real-world examples and discover how this program can fast- track your trading skills in just 4 weeks.

Stay till the end for a live Q&A with Jorge!


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