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Primary aluminium news

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Top Stories
Middle East conflict revives Pentagon concerns over US high-purity aluminium supply
06 Aug 20264MINS
A Pentagon-led simulation has brought fresh attention to the US’ dependence on imported high-purity aluminium, a critical raw material used in military aircraft, armoured vehicles and other defence applications. Conducted months before recent disruptions spurred by the Middle East conflict, the exercise had the US aluminium supply chain in focus. It examined how the US aluminium supply chain would respond during a major geopolitical conflict and identified high-purity aluminium as one of the ...
China aluminium inventory pullback, multiple factors in play as aluminium price drifts higher
06 Aug 20268MINS
Futures: The most-traded SHFE aluminium 2609 contract closed at RMB 23,835 per tonne, up RMB 70 from the previous settlement price, a gain of 0.29 per cent. It opened at RMB 23,785.00 per tonne today and fluctuated in a range of RMB 23,740–23,905 per tonne. Prices were trading above the MA5 (23,740.00), MA10 (23,542.00), MA30 (23,191.33), and MA60 (23,741.00). The medium and long-term moving averages remained in a bearish alignment, continuing to exert downward pressure. The pattern of consol ...

06 Aug 20262MINS
The London Metal Exchange (LME) aluminium market witnessed a mixed performance on August 5, with spot and three-month prices declining while longer-dated contracts and the Asian Reference Price strengthened.  LME aluminium cash bid and offer prices fell by 1.3 per cent day-on-day. The cash bid slipped from USD 3,270 per tonne to USD 3,228.5 per tonne, while the offer eased from USD 3,271 per tonne to USD 3,229 per tonne. On August 5, the LME aluminium three-month bid price edged down by 0.22 ...
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