On Tuesday, October 7, the London Metal Exchange (LME) cash bid rose by USD 1 per tonne or 0.03 per cent and settled at USD 2,713 per tonne. The LME cash bid inched up by USD 0.5 per tonne or 0.02 per cent and is currently priced at USD 2,713.5 per tonne.
A similar trend has been witnessed in the LME 3-Month bid and offer price, which rose by USD 2.5 per tonne or 0.09 per cent and USD 2 per tonne or 0.07 per cent. Each on Tuesday was locked at USD 2,717.5 per tonne and USD 2,718 per tonne, respectively.
On the contrary, no change has been seen in the December 26 bid and offer price, which is at USD 2,753 per tonne and USD 2,758 per tonne.
To know more about the global primary aluminium industry 2025 outlook, read “Global Aluminium Industry Outlook 2025”
LME aluminium 3-month Asian Reference Price hiked by USD 16.5 per tonne or 0.6 per cent to reach USD 2,741.5 per tonne.
LME aluminium opening stock moved up by 1,975 tonnes or 0.4 per cent to settle at 505,325 tonnes. Live warrants slightly moved up by 25 tonnes or 0.006 per cent and are currently at 415,750 tonnes. Cancelled warrants went down by 2,000 tonnes or 2.2 per cent and closed at 89,575 tonnes.
Alumina platts price also remained unchanged at USD 321 per tonne.
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