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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Aluminium ended on flat note at LME
Aluminium ended flat at 1986 per tonne Thursday. Investors got cheered by the successful bond auction and fall in US jobless claims on one side and China's reserve rewuiement which raised the concerns on its sluggish growth economic scenario coupled with Fed signaling no further stimulus on other...
LME aluminum dropped sharply to USD 1965/mt: SMM Morning Review
Europe is actively seeking a rescue plan for Spain’s troubled banks. In the downturn of the global economy, China and the United States may launch a stimulus to boost investor confidence. Under this nice anticipation, the US dollar index fell sharply overnight to nearly 82. During European trading,...
Aluminium dropped by 0.2% or Rs 0.25 at Rs 108.4 per kg on 6th June
Aluminium was the only metal that dropped by 0.2% or Rs 0.25 at Rs 108.4 per kg on Wednesday, 6th June and tested an intraday high at Rs 109.75 per kg and low at Rs 107.7 per kg. The open interest also dipped by 15% to 2033 lots and pulled down the metal. Aluminium obtained few gains during the...
Aluminium Biggies in India Hit by Dropping Aluminium Price
Aluminium manufacturing companies like Nalco, Balco and Hindalco’s margins are likely to remain under pressure in the short-term due to declining prices of aluminium in the London Metal Exchange (LME) and higher input costs. “We are offering discount of around Rs 2,500 on domestic published...
LME 3-Month Price Falls For Third Straight Week
The week’s biggest mover on the Aluminum MMI® was the LME aluminum 3-month price, which saw a 0.9 percent decline to $1,996 per metric ton. Last week marked the fourth in a row of declining prices for the metal.The aluminum cash price fell 0.9 percent on the LME over the past week to $1,957 per...
LME aluminum prices dropped down USD 22/mt or 1.1% settling at USD 1,972/mt
Manufacturing contraction showed in major economies and the United States’ May non-agricultural employments grew less than expected, with the unemployment rate rebounding, increasing risk aversion and leading to widespread sell-off of commodities and buying of haven gold. LME aluminum prices...
LME aluminum dropped below USD 2,000/mt to close down 0.8% at USD 1,994/mt: SMM Morning Review
Weak US ADP employment data for May and final 1Q GDP released overnight reignited risk aversion, helping the US dollar index return above 83 and record a new 2012 high. LME aluminum weighed by the strong US dollar, dropped below USD 2,000/mt and for the first trading day failing to return above the...
SHFE aluminum contract for September to struggle at RMB 15,950/mt : SMM Daily Review
The most active SHFE aluminum contract for September delivery opened lower at RMB 15,945/mt and settled down only a slight RMB 30/mt or 0.19% at RMB 15,965/mt, even though LME aluminum dipped to a 2012 low. Positions added 1,720 lots to 97,270 lots. Tight cash flow at month’s end and cautiousness...
Midwest aluminum premiums hit 11 cents
Midwest aluminum spot premiums rose to new highs this week, hitting 11 cents per pound as the contango on the London Metal Exchange continues to encourage traders to finance metal in warehouses, keeping supply tight. "The sky’s the limit," one trader told AMM, quipping that the Midwest premium was...
LME aluminum settled at USD 2,010/mt, down USD 5/mt or 0.25%
Successive downgrades on Spanish debt lead to heavier pressure on the nation’s banks and continue to stir risk aversion. The unexpected plunge in US pending home sales index for April added to market worries. The US dollar index hit 83,116, a record high this year, as investors flocked to the haven...
LME aluminum settled down USD 12/mt or 0.59% at USD 2,015/mt: SMM Morning Review
Investor worries towards Spanish debt stability have been increasing recent days, helping the US dollar index stand steady above 82. There are reports that the Chinese government will release a series of stimulus policies. These stimuli are also hinted to be weaker than those after the 2008...
LME aluminum prices should settle at USD 2,000/mt from 28th May to 1st June
Manufacturing continues to contract in China, Europe and the US, while weak global demand and turmoil in Greece will continue to weigh on financial markets. The US dollar index is expected to stay high near 82 without any significant economic news. A strong US dollar, stagnating domestic demand,...
Cash price of primary aluminum rose 0.6 percent on the LME
With a decline of 0.8 percent on May 28, 2012, the cash price of primary Indian aluminum recorded the biggest shift of the day on global aluminum markets. After falling for two days, the cash price of primary aluminum rose 0.6 percent on the LME to $1,979 per metric ton. The 3-month price of...
Bargain Hunting Favoures Aluminium
Aluminium edged up by 0.3% or Rs 0.35 at Rs 110.15 per kg with an intraday high at Rs 110.3 per kg and low at Rs 109.35 per kg on Monday, 28th May. Bargain hunting with 3.4% drop in its open interest to 2193 lots and the improvement in the risk appetite in the global markets favored the sentiment....
LME aluminum settled up up USD 13/mt or 0.65% at USD 2,027/mt: SMM Morning Review
Markets were closed overnight in countries including the US, Germany and France due to holidays, leading to light trading. The US dollar index was pressured during early European trading, helping LME aluminum test pressure at the 10-day moving average. The light metal failed to present any...
LME aluminum settled up USD 4/mt or 0.2% at USD 2,014/mt: SMM Morning Review
The US May Michigan Consumer Confidence climbed to a new high since October 2007, beating expectations. However, debt woes of Greece and Spain continued to weigh on market. LME aluminum hit a high of USD 2,030/mt and fell back to settle up only USD 4/mt or 0.2% at USD 2,014/mt. Strong pressure was...
South Korea buys 500 tonnes of aluminium from LG International
South Korea bought 500 tonnes of aluminium from LG International Corp at $188 per tonne over London Metal Exchange (LME) on a cost, insurance and freight (CIF) basis, the state-run Public Procurement Service said. It also issued a tender for 200 tonnes of nickel from London Metal Exchange (LME)...
LME aluminum prices settled down 20.5/mt at USD 2,007.5/mt
Overnight rumors that Greece may have to leave the euro zone ignited panic selling of all commodities. The US dollar index broke through 82 to a new high since September 2010 as investors flocked to the safer US dollar. LME aluminum prices dropped for a third successive trading day, settling USD...
