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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MCX Aluminium settled at Rs 104.6 per kg on 27th June
MCX Aluminium recovered earlier losses and surged by 1.1% or Rs 1.15 at Rs 104.6 per kg on Wednesday, 27th June and tested an intraday high at Rs 104.85 per kg and low at Rs 102.7 per kg. Bargain hunting with 35% rise to 6117 lots favored the metal to end with huge single day gains but found to be...
LME aluminum settled at USD 1,843/mt: SMM Morning Review
Pessimism in the EU Summit going on to solve the region’s debt crisis clouded overnight markets, dragging LME aluminum to a USD 33/mt or 1.76% loss when the light metal managed to recover slightly from a low of USD 1,837.3/mt to USD 1,843/mt. Aluminum was the worst performer among base metals on...
Aluminium futures up 0.33 pc on global cues
Aluminium futures prices rose 0.33 per cent to Rs 104.95 per kg today as speculators created fresh position in tandem with a firming global trend amid pick up in spot demand. At the Multi Commodity Exchange, aluminium for delivery in June gained 35 paise, or 0.33 per cent, to Rs 104.95 per kg, with...
LME approves Brand Name Change For Alcoa's Australia Aluminum Brand
The London Metal Exchange has approved the name brand change for high grade aluminum produced by Alcoa Inc (AA) in Australia. The exchange approved the name brand change of "Alcoa of Australia" to "PTH-ALCOA" under the High Grade Primary Aluminium contract.
LME aluminum settled up USD 28/mt or 1.52% at USD 1,876/mt: SMM Morning Review
LME aluminum dipped to a fresh two-year low of USD 1,832.5/mt overnight, and rebounded later amid better-than-expected US durable goods orders and pending home sales, hitting a high of USD 1,879/mt and settling up USD 28/mt or 1.52% at USD 1,876/mt. Latest LME aluminum stocks were down 10,825 mt at...
Chinese Aluminum Cash Price dropped three percent on June 26
The Chinese aluminum cash price experienced the biggest price shift of the day, dropping three percent to close near $2,500 per metric ton on June 26, 2012. Chinese aluminum billet prices saw a 0.3 percent decline. The price of Chinese aluminum bar held steady in the $2,200 per metric ton range....
LME copper and aluminum dropped down ahead of EU summit
London copper dropped on Wednesday, snapping two straight days of gains, as investors shied away from riskier assets on growing conviction that a European summit this week will fail to resolve the region's intractable debt crisis. But expectations that top copper buyer China could be lured by low...
LME B8Aluminum prices fall to a two-year low
Aluminum prices have fallen to a two-year low on the London Metal Exchange (LME), pressured by a mix of technical and fundamental factors that are weighing on the broader base-metals complex, given growing concerns about the health of the global economy. Traders and brokers said sellers appeared to...
The light metal lost USD 20/mt or 1.07% to settle at USD 1,848/mt: SMM Morning Review
Higher borrowing costs for Spain and Italy have added to worries on the European debt crisis. US home prices rose for a third successive month, but the nation’s consumer confidence and manufacturing data have trailed estimates, weighing on LME aluminum prices. The light metal lost USD 20/mt or...
Hong Kong’s LME deal not profitable in the short term
Hong Kong Exchanges & Clearing Ltd.’s pursuit of the London Metal Exchange is transforming the Asian bourse into the industry’s worst performer. Hong Kong Exchanges’ $2.2 billion bid for the LME this month valued the world’s largest trading venue for industrial metals at 181 times earnings, making...
The light metal settled down USD 0.8/mt at USD 1,868/mt: SMM Morning Review
LME aluminum rebound during early trading on Monday supported by an 7.6% month-on-month growth in new home sales in the United States, but still dipped to a fresh one-year low of USD 1,852/mt as Spain and Cyprus’s aid calls and Moody’s downgrade on the Spanish banking sector shadowed efforts to...
LME Primary aluminum cash price landed at $1,841 per metric ton
On June 22, 2012, the cash price of primary aluminum fell by two percent on the LME, landing at $1,841 per metric ton and making it the day’s biggest mover on our daily aluminum price index. After two changeless days, the aluminum 3-month price fell 1.9 percent on the LME to $1,883 per metric ton....
LME aluminum slipped to a fresh two-year low of USD 1,854/mt and settled at USD 1,868.8/mt: SMM Morning Review
LME aluminum slipped to a fresh two-year low of USD 1,854/mt on Friday after Moody’s downgraded 15 large banks and due to the huge needed for the Spanish banking sector. Investor risk appetite rebounded during later trading, however, trimming LME aluminum losses to only USD 0.3/mt. The light metal...
MCX Aluminium edged up by 0.2% at Rs 104.95 per kg on Friday, 22nd June
MCX Aluminium edged up by 0.2% at Rs 104.95 per kg on Friday, 22nd June and tested an intraday high at Rs 105.7 per kg and low at Rs 104.3 per kg. Bargain hunting with 6% dip in its open interest to 9517 lots helped the Aluminium metal end with modest gains shrugging off the its downtrend since...
LME Aluminium drops down 1.9% at $1883 per tonne on Thursday
Aluminium breached another major support level of R 105.5 per kg and plunged by 1% or R 1.05 at R 104.7 per kg with an intraday high at R 105.85 per kg and low at R 104.5 per kg. Short selling with 9% rise in its open interest to 10073 lots led the metal to fall further. The contract traded below...
Ferrous and non-ferrous metals drop in Indian market
A negative trend was seen in ferrous and non-ferrous metals today, traders at the Bombay Metals Exchange (BME) said. In ferrous metals, copper utensils and brass cuttings eased by Rs 100 per quintal each following weak demand from stockiest. Brass utensils and aluminum utensils also dropped by Rs...
Aluminium dropped by 0.5% or at R 105.75 per kg on Wednesday, 20th June
MCX Aluminium was in downtrend since the early of this month by breaching the major support level of R 107.5 per kg and was found to be near to the another major resistance level of R 105.5 per kg. Aluminium dropped by 0.5% or R 0.5 at R 105.75 per kg on Wednesday, 20th June and tested an intraday...
LME aluminum slipped to USD 1,897.8/mt, a two-year low: SMM Morning Review
LME aluminum lost USD 24.8/mt or 1.28% to USD 1,902.8/mt overnight as Fed decided only to extend “operation twist” till year-end in addition to maintaining low interest rates, disappointing investors expecting QE3. The light metal also slipped to USD 1,897.8/mt, a two-year low, while extending its...
