The upward trajectory of the London Metal Exchange (LME) aluminium price was consistent on Thursday, October 16, when both the cash bid and offer rose by USD 22.5 per tonne or 0.88 per cent to finally settle at USD 2,774.5 per tonne and USD 2,775 per tonne, respectively.
Concurrently, the LME 3-month bid and offer went up by USD 7 per share or 0.3 per cent, and each reached USD 2,755 per tonne and USD 2,755.5 per tonne.
The upward movement was also seen in the LME December 26 bid and offer when the price surged by USD 5 per tonne or 0.2 per cent, climbing to USD 2,783 per tonne and USD 2,788 per tonne, respectively.
To know more about the global primary aluminium industry 2025 outlook, read “Global Aluminium Industry Outlook 2025”
The LME aluminium 3-month Asian Reference Price on October 16 inched up by USD 42.5 per tonne or 1.5 per cent, from USD 2,746 per tonne to USD 2,788.5 per tonne.
At the stock front, the opening stock on October 16 was recorded at 495,325 tonnes, up from 479,675 tonnes, showing an increase of 15,650 tonnes or 3.3 per cent. Live warrants fell by 50 tonnes to reach 405,650 tonnes on October 16. Cancelled warrant also inched down by 8,575 tonnes or 8.7 per cent and is finally at 89,675 tonnes.
At the same time, LME alumina Platts price declined by USD 0.52 per tonne or 0.16 per cent and stood at USD 319.87 per tonne.
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