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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LME aluminium to fall to $2,228/T
SINGAPORE: LME aluminium will drop to the Thursday low of $2,228 per tonne, as the surge to $2,303 in the same trading session seems to have completed a five-wave cycle that started from the Feb. 3 low of $2,191. This cycle also makes up a bigger wave (5), the last wave of an uptrend that started...
MCX Aluminium trades range bound, support 109.1
Aluminium yesterday traded with the range bound node and settled 0% flat at 109.9 tracking LME three-month aluminum initially hit USD 2,299/mt on Wednesday but closed down USD 3.5/mt or 0.16% at USD 2,251.5/mt due to worries towards worsening of the Greek debt crisis. LME aluminum stocks climbed...
MCX aluminium under pressure on global debt concerns
Aluminium yesterday traded with the negative node and settled -0.78% down at 108.15 as pressure had seen as LME aluminum stocks surged by over 30,000 mt overnight to above 5 million mt, damping market sentiment. Greece failed to agree on an austerity plan, postponing the reform meeting until today...
LME aluminium to revisit low of $2,207
SINGAPORE: LME aluminium will revisit the Tuesday low of $2,207 per tonne, as the retracement from the Jan. 31 high of $2,310 will continue. The rise on Tuesday is classified as a part of the wave "b", which is the second leg of a three-wave cycle. A Fibonacci retracement on the fall from $2,310 to...
Rising energy bill may lead to production cut :NALCO
The impact of higher raw material costs and lower aluminium prices resulted in an 80% drop in profit for Nalco. And even though the price of aluminium has improved since the beginning of January, it is still significantly lower than the same period last year. This leaves the country's largest...
Shanghai Metals Market Morning Review - 2012/2/9 Aluminum Market
LME three-month aluminum initially hit USD 2,299/mt on Wednesday but closed down USD 3.5/mt or 0.16% at USD 2,251.5/mt due to worries towards worsening of the Greek debt crisis. LME aluminum stocks climbed further overnight, by over 10,000 mt to above 5.03 million mt, a record high. While demand...
Banks outsmart metals storage rules to make millions
Banks and trading houses have found a way to beat the ravages of economic downturn, storing millions of tonnes of metal with a business model that outsmarts new rules put in place following widespread concern about their practices. As of April 1 this year, new London Metal Exchange regulations...
LME warehouse war goes global
Now we know how the clash of the titans played out in the aluminium market last December. It's one of the quirks of the London Metal Exchange's (LME) arcane trading system that the monthly "third Wednesday" prime prompt actually takes place on the Monday of the week, December 19th in this case. And...
Shanghai Metals Market Morning Review - 2012/2/8 Aluminum Market
The euro rebounded overnight, dragging the US dollar index to 78.488, a two-month low, as investors held high hopes for Greek debt talks. LME aluminum initially struggled at USD 2,200/mt and hit USD 2,264/mt supported by short covering after Fed President Bernanke said manufacturing recovery was...
LME aluminium to fall to $2,186/T
SINGAPORE: LME aluminium will drop more to $2,186 per tonne, as the retracement from the Jan. 31 high of $2,310 has not completed. The fall has adopted a three-wave mode, with the current wave "c" expected to at least travel to $2,186, the 61.8 percent Fibonacci projection level. A break below...
LME aluminium to drop to $2,221.75/T~
SINGAPORE: LME aluminium will retrace to $2,221.75, as it could have started a downward wave "c". This wave followed the completion of an upward wave "b" which stopped around $2,265, the 61.8 percent Fibonacci retracement on the fall from $2,310 to $2,191. An hourly chart high at $2,221.75 touched...
Shanghai Metals Market Moring Review - 2012/2/7 Aluminum Market
LME aluminum stocks surged by over 30,000 mt overnight to above 5 million mt, damping market sentiment. Greece failed to agree on an austerity plan, postponing the reform meeting until today as it seeks financial aid. A rebound in worries towards Greek defaults weighed on the euro and induced...
Shanghai Metals Market Morning Review - 2012/2/6 Aluminum Market
LME aluminum for three-month delivery closed USD 45.5/mt higher at USD 2,255.5/mt last Friday after US new jobs and unemployment rate came out better-than-expected. The metal initially dropped to near USD 2,200/mt before US jobs data came out. Despite of debt woes in Europe, strong US jobs data...
Shanghai Metals Market Morning Review - 2012/2/3 Aluminum Market
LME three-month aluminum contract initially dropped below USD 2,200/mt and net positions of the contract lost 28,000 lots due to profit taking by longs ahead of release of the latest US non-farm payroll data. The metal narrowed losses at the tail of trading with bargain hunting and closed down USD...
Shanghai Metals Market Morning Review - 2012/2/2 Aluminum Market
Gains in January manufacturing indexes of China, Europe and the US boosted market confidence and in turn dragged the US dollar index below 79 overnight, helping LME aluminum breaking through the 5-day moving average and closing USD 23/mt or 1.02% higher at USD 2,271/mt. Total positions for the...
Vedanta’s gross profit declines by 4.72% to $848 m
Vedanta Resources today reported a decline of 4.72 per cent in consolidated gross profit at $848.40 million for the quarter ended December 31, 2011, largely due to lower realisations from its aluminium business and Zambian copper operations. In a statement, the company said the gross profit or...
Shanghai Metals Market Morning Review - 2012/2/1 Aluminum Market
LME aluminum for three-month delivery opened at USD 2,280/mt and hit USD 2,310/mt supported by gains in oil prices during initial trading on Tuesday. The metal dropped and closed down 1.15% at USD 2,248/mt, however, after US home and manufacturing data came out missing expectations and causing more...
Shanghai Metals Market Morning Review - 2012/1/31 Aluminum Market
LME aluminum previous dipped to an intraday low of USD 2,223/mt on Monday due to European debt worries. Bargain hunting by longs helped the metal return above the 5-day moving average and close USD 5.8/mt or 0.25% higher at USD 2,274.3/mt despite the US dollar’s index’s return to above the 79 mark....
