The upward trajectory of the London Metal Exchange (LME) aluminium prices followed on Thursday, October 9, where both the cash bid and offer rose by USD 36 per tonne or 1.3 per cent, marking each at USD 2,786 per tonne and USD 2,786.5 per tonne, respectively.
At the same time, the LME 3-month bid and offer also went up by USD 28 per tonne or 1.02 per cent to finally settle at USD 2,780 per tonne and USD 2,781 per tonne.
A similar trend is seen in the December 26 bid and offer as well, when it escalated by USD 24 per tonne or 0.9 per cent, and each stood at USD 2,807 per tonne and 2,812 per tonne.
To know more about the global primary aluminium industry 2025 outlook, read “Global Aluminium Industry Outlook 2025”
The aluminium Asian Reference Price also spiked by USD 45 per tonne or 1.6 per cent, going up to USD 2,798.5 per tonne.
The opening stock soared by 2,200 tonnes or 0.4 per cent to add up to 508,600 tonnes. Live warrants also moved up by 4,700 tonnes or 1.2 per cent and are presently at 403,475 tonnes. On the other hand, cancelled warrants fell by 2,500 tonnes or 2.3 per cent to 105,125 tonnes.
Alumina platts also grew by USD 5.91 per tonne or 1.9 per cent and were valued at USD 323 on October 9.
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