H1’26 LME aluminium stocks dip 31.82%: Russian sanctions & Gulf crisis pack a double blow
As we reflect on the Middle East crisis that commenced on February 28, 2026, and stretched into the second half of the year, it brings to mind the dramatic rise and fall of the London Metal Exchange (LME) aluminium price that reached four-year highs before cooling down. The skyrocketing prices...
LME aluminium cash bid price drops 2.06% to $3,273/tonne as stocks decline to 244,350t
LME aluminium prices recorded a sharp decline on September 11 compared with the previous trading day, with cash and three-month prices falling by around 2%, while exchange stocks edged lower. The LME aluminium cash bid price slipped to USD 3,273 per tonne on September 11, compared with USD 3,342...
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Hindalco with a target price of Rs 164 rated' Buy' rating by Citigroup
Citigroup has maintained its 'Buy' rating on Hindalco with a target price of Rs 164. Hindalco has underperformed the Sensex by 24% in the past year on plant delays, weak LME prices and Mahan coal block uncertainty. PAT gains in both years were from higher realizations; lower depreciation and...
Aluminium settled at Rs 104.7 per kg on Wednesday, 18 July AT MCX
Aluminium buoyed by 0.5% or R 0. 5 at R 104.7 per kg on Wednesday, 18 July and tested an intraday high at R 105 per kg and low at R 104.1 per kg. Aluminium was in downtrend since June 2012 and ended tad higher on Wednesday bolstered by some bargain hunting with 12% dip in its open interest to 9809...
Goldman Sachs reports bullish trend for Aluminum in next 3 months
Goldman Sachs is constructive on aluminum over the next three months, seeing upside potential to $2,200 a metric ton, thus favors purchasing September London Metal Exchange calls with strikes up to $2,150. According to Goldman, “Over the past month, aluminum has come under pressure following the...
LME aluminum closes up USD 23/MT or 1.22% at USD 1,909/MT
China’s first half GDP grew 7.8% YoY, which is in line with expectations and higher than the annul target. Loose monetary policies should be maintained. The much better-than-expected 0.1% MoM growth of June PPI in the United States further boosted investor confidence, pushing LME aluminum above USD...
The light metal rebounded to USD 1,886/mt after a new low of 1,865.5/mt: SMM Morning Review
Caution towards China’s second-quarter GDP data had fueled worries that consumption has remained sluggish so far, pushing the US dollar index to 83.829, a new high of this year. LME aluminum prices slipped quickly to USD 1,865.5/mt, a new low of this month. Bearishness slightly eased later,...
The light metal closed down USD 8.8/mt at USD 1,901.3/m: SMM Morning Review
The apparent Fed disagreement on further economic stimulus reflected in its June interest rate meeting minutes pushed the US dollar index to 83.610, a two-year high, eroding the space for commodities prices to climb. LME aluminum dropped to a low of USD 1,895/mt as short selling increased, with...
Dahlman Rose lowers price target for Alcoa
Investment bank Dahlman Rose said Tuesday it had lowered its price target on major US aluminum producer Alcoa to $13 from $14.65/share to reflect lower 2013 LME aluminum price estimates. Dahlman lowered its LME aluminum price estimate for 2012 to $0.91/lb from $1/lb and for 2013 to $1/lb from...
Aluminium prices fell by 0.43% to Rs 105.20 per kg
Aluminium prices fell by 0.43% to Rs 105.20 per kg in futures trade today as speculators offloaded their positions tracking a weak trend in overseas markets. At the Multi Commodity Exchange, aluminium for delivery in July declined by 45 paise, or 0.43%, to Rs 105.20 per kg, with a business turnover...
The light metal settled down USD 16.3/mt at USD 1,910/mt: SMM Morning Review
The sharp contraction in Chinese imports in June pushed the US dollar index to test resistance at 83.5, weakening momentum of commodities. LME aluminum struggled at the 5-day moving average without any breakthrough, hitting a high of only USD 1,930.5/mt. The light metal retreated to losses at the...
LME aluminum lost USD 44.3/mt to close at USD 1,900/mt : SMM Morning Review
LME aluminum lost a heavy USD 44.3/mt or 2.28% to USD 1,900/mt on Friday, though recovering a little from the intraday low of USD 1,894/mt, as less-than-expected increases in non-farm payrolls in the United States in June pushed up risk aversion to induce short selling. Positions for the light...
MetalMiner’s Daily and weekly Aluminum Price Update
On July 5, 2012, the LME aluminum cash price experienced the biggest change, rising one percent to $1,929 per metric ton. On the LME, the aluminum 3-month price increased 0.9 percent to $1,965 per metric ton. The Indian aluminum cash price saw little movement on Thursday, closing out below $2 per...
LME aluminum closed down USD 11/mt at USD 1,945/mt: SMM Morning Review
Interest rate cuts by Chinese and European central banks overnight were overshadowed by ECB President Mario Draghi’s pessimistic remarks towards the euro zone economy, pressing down the euro and pushing the US dollar index near 83. LME aluminum started at USD 1,956.8/mt and closed down USD 11/mt,...
LME aluminum closed down USD 15/ MT at USD 1,956/ MT: SMM Morning Review
Base metals prices dropped on the London Metals Exchange overnight, as the euro weakened to push the US dollar index above 82 amid higher expectations that the European Central Bank will cut interest rates, following delivery of weak euro zone economic data. LME aluminum started at USD 1,970/ MT...
Monthly Aluminum MMI drops Two to 96
The monthly Aluminum MMI® registered a value of 96 in July, dropping two from June’s reading of 98. Prices for aluminum fell in most markets particularly Europe, China and India. As we saw earlier with the Stainless MMI® Korean prices lent support to the aluminum complex. “Aluminum prices fell...
LME aluminum settled at USD 1,971/mt: SMM Morning Review
LME aluminum surged as much as 4.36% overnight to USD 1,993/mt, a new high since June 11th, amid strong short covering induced by rapidly increasing expectations on easing policies from both China and Europe. Transacted contracts doubled to 25,000 lots, a new high since December 30th, 2011. Lacking...
LME aluminum settled down USD 5.3/mt or 0.27% at USD 1,909.8/mt: SMM Morning Review
Contractions of manufacturing data were reported across China, the US and Europe on Monday, (Euro zone and US data have fallen to their three-year lows in this regard), rekindling investor worries. At the moment investors are waiting for a direction from the coming ECB interest resolution and the...
Aluminium rises marginally in futures market
Aluminium prices rose by 0.24 per cent to Rs 103.35 per kg in the futures market today in line with a firming trend in base metals at the London Metal Exchange and a pick-up in demand at the spot markets. At the Multi Commodity Exchange, aluminium for delivery in June rose by 25 paise, or 0.24 per...
LME aluminum settled up USD 72/mt or 3.91% at USD 1,915/mt: SMM Morning Review
The unexpected agreement of euro zone leaders to help bring down borrowing costs of Spain and Italy and restructure the banking sector send LME aluminum above the 10-day moving average to a high of USD 1,920/mt, before settling up USD 72/mt or 3.91% at USD 1,915/mt. Transacted contracts added 4,217...
