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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Exclusive - Glencore unit ramps up metal stores in Dutch hot spot
A warehouse company owned by commodity trader Glencore (GLEN.L) is rapidly expanding its lucrative storage facilities at a Dutch port that has become a hub for storing aluminium, a metal increasingly used by bankers and traders as a financing tool. The move in warehousing comes as banks and trading...
Aluminum commodity slides for sixth straight session after FOMC minutes
Aluminum posted its sixth straight session of losses. The tone turned negative early in Wednesday's London Metal Exchange session following the release of Federal Open Market Committee minutes late Tuesday that removed hopes of imminent U.S. monetary easing, Triland Metals says. "However the mood...
SHORT SELLING PULLED DOWN ALUMINIUM TO 6-WEEKS LOW AT MCX
Aluminium plunged to 6-weeks low at MCX extending the weekly losses and stood near to the major support level of Rs 107.7 per kg. Huge short selling with 36% rise in its open interest to 4833 lots hammered the metal at domestic bourses MCX. Aluminium shed by 0.5% or Rs 0.55 to Rs 107.8 per kg with...
Shanghai Metals Market Morning Review - 2012/4/5 Aluminum Market
Despite better-than-expected manufacturing data from China and the US, a stagnating euro zone manufacturing sector, a surge of over 10,000 mt in LME aluminum stocks and much higher-than-expected bond yields for Spanish debt again ignited risk aversion, pushing up the US dollar index while pressing...
Shanghai Metals Market Morning Review - 2012/3/30 Aluminum Market
LME aluminum closed down USD 25.8/mt or 1.19% at USD 2,143/mt on Thursday, after hitting USD 2,130/mt, a new low since January 13, with weaker-than-expected economic data from the US and slowing Chinese demand. Transactions almost doubled to 15,620 lots as short capital poured into the market. The...
BASE METALS: LME Aluminum Jumps $15/Ton On Large Trade
Aluminum traded on the London Metals Exchange jumped around $15 a metric ton in the space of a second as more than 850 contracts were traded. The trades occurred at 11:05 a.m. EDT, and were a combination of several small transactions that were all processed in that time period. Aluminum for...
Shanghai Metals Market Morning Review - 2012/3/29 Aluminum Market
LME aluminum closed down USD 26/mt or 1.18% at USD 2,168.8/mt on Wednesday, amid sharp losses in Asian equity markets and weak US and European economic data. Cautiousness towards heavy selling was seen through a slight drop of 372 lots in transactions. 8,485 contracts were traded during the day....
Shanghai Metals Market Morning Review - 2012/3/28 Aluminum Market
LME aluminum settled USD 4.8/mt or 0.22% higher at RMB 2,194.8/mt on Tuesday, as investors confidence cooled following a rebound of the US dollar index to above 79 and as US consumer confidence index came out almost in line with expectation. Profit-taking by shorts still was the major driver of...
Shanghai Metals Market Morning Review - 2012/3/27 Aluminum Market
Following a four-day loss, LME aluminum added USD 15/mt or 0.69% settling at USD 2,190/mt on Monday, after Fed President’s signal to maintain low interest rates dragged the US dollar index below 79. Transactions dropped to 7,805 lots, however, reflecting inadequate confidence. SMM expects LME...
Shanghai Metals Market Morning Review - 2012/3/26 Aluminum Market
LME aluminum closed down at USD 2,175/mt last Friday, after paring losses with a weakening US dollar. Volatile aluminum inventories, however, had limited the metal’s ability to recover losses. Transacted contracts dropped 7,947 lots to 12,590 lots. SMM expects LME aluminum to open at USD 2,180/mt...
MCX aluminium to jump on positive global cues
Aluminium yesterday traded with the positive node and settled 0.4% up at 112.6 tracking LME three-month aluminum closed at USD 2,281/mt, a recent high on Monday as progress in Greek debt strengthened the euro to boost investor confidence. Commodities have stepped in a downward track as the Greek...
Shanghai Metals Market Morning Review - 2012/3/22 Aluminum Market
LME three-month aluminum plunged USD 41.5/mt or 1.84% overnight to USD 2,212.5/mt after stocks climbed a further 6,825 mt to 5,088,775 mt and US home sales data for February came out missing expectations. Positions for the light metal surged 14,600 lots. Slow Chinese consumption and hampered US...
Shanghai Metals Market Morning Review - 2012/3/21 Aluminum Market
LME aluminum closed down USD 25/mt or 1.1% at USD 2,254/mt after founding its low at USD 2,237/mt. The metal moved mainly against the US dollar index, which climbed but fell later. Latest LME aluminum stocks surged 13,000 mt to 5,081,950 mt. While the Greek debt crisis has temporarily eased and US...
Shanghai Metals Market Morning Review - 2012/3/20 Aluminum Market
LME three-month aluminum closed at USD 2,281/mt, a recent high on Monday as progress in Greek debt strengthened the euro to boost investor confidence. 8,713 lots of contracts were transacted while positions dropped 3,406 lots to 722,042 lots. LME aluminum stocks stayed above 5 million mt, though....
Shanghai Metals Market Morning Review - 2012/3/19 Aluminum Market
LME three-month aluminum closed down USD 6/mt at USD 2,260/mt last Friday, with positions decreasing 1,212 lots to 725,448 lots, as the US failed to continue delivery of positive economic data and due to the staying weak Chinese consumer market. While resistance was strong at the 20-day moving...
Shanghai Metals Market Morning Review - 2012/3/16 Aluminum Market
LME three-month aluminum returned above the 30-day moving average closing up USD 27/mt or 1.21% at USD 2,254/mt on Thursday, as latest and better-than-expected US unemployment claims and manufacturing data beat estimates to boost confidence for the US economy. SMM expects LME three-month aluminum...
National Aluminium Delays Output Restart on China Concerns
National Aluminium Co. (NACL), India’s third-largest producer, is delaying the restart of the shuttered 10 percent of its capacity on signs the economy is stalling in China, the biggest user of the light metal. Aluminum prices on the London Metal Exchange are being dragged down by the uncertain...
Banks Sit on Huge Aluminum Stocks, Collect Rent
New fronts are opening up in Europe and Asia in the battle between banks and trading houses to expand their storage hubs for aluminum, a metal meant for use in manufacturing but increasingly viewed as a store of value. Until recently, the battle was almost exclusively confined to one location,...
