After a sharp increase for a week, the London Metal Exchange (LME) aluminium prices have seen a steep decline.
The LME cash bid fell by USD 26 per tonne or 0.93 per cent to reach USD 2,773 per tonne. The LME aluminium cash settlement offer price also fell by USD 25.5 per tonne or 0.91 per cent, to be at USD 2,774 per tonne.
The downward trend followed in the 3-month bid and offer price as well, where each went down by USD 34.5 per tonne or 1.2 per cent to finally settle at USD 2,752 per tonne and USD 2,752.5 per tonne, respectively.
To know more about the global primary aluminium industry 2025 outlook, read “Global Aluminium Industry Outlook 2025”
The December 26 bid and offer also replicated a similar trend as it inched down by USD 30 per tonne or 1.1 per cent and stood at USD 2,780 per tonne and USD 2,785 per tonne.
On the other hand, the 3-month Asian Reference Price rose by USD 15 per tonne or 0.54 per cent, up from USD 2,748 per tonne to USD 2,763 per tonne.
At the stock front, the LME opening stock and cancelled warrants dropped by 2,825 tonnes or 0.55 per cent and are currently at 506,000 tonnes and 100,300 tonnes, respectively. Live warrants showed no change from the previous close.
The alumina platts slid by USD 2.61 or 0.8 per cent, down from USD 323 per tonne to USD 320.39 per tonne.
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