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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Aluminum May Extend Advance to $2,295 After Breakout: Technical Analysis
Aluminum, the second best-performing metal on the London Metal Exchange this year, may extend a rally to $2,295 per ton in the next few weeks, according to technical analysis by Commerzbank AG. “Aluminum has maintained its break higher and continues to correct higher,” Karen Jones, a Commerzbank...
Alumininum futures edges up 0.27%
New Delhi Aluminium futures gained 0.27 per cent today after speculators enlarged their positions, driven by firming trend at the London Metal Exchange (LME). At the Multi Commodity Exchange, aluminium for delivery in current month gained 30 paise, or 0.27 per cent, to Rs 110.50 per kg, with a...
Shanghai Metals Market Morning Review – 2012/1/20 Aluminum Market
LME aluminum market overnight went higher after opening USD 2,210/mt following a stronger euro from solid debt auctions by Spain. Later, the US dollar index advanced along with the US positive employment data and the news that Fitch may cut credit ratings of six eurozone nations. As a result, LME...
UPDATE-1-LME aluminium stocks hit record high above 5mln T
Stocks of aluminium held in warehouses monitored by the London Metal Exchange jumped to a record of above 5 million tonnes, as stocks were delivered against the LME's January contract, in part to free up capital, market participants said on Tuesday. "We've been saying for a little while that there...
MCX aluminium to edge higher on global cues
Aluminium yesterday traded with the positive node and settled 0.45% up at 110.5 tracking LME three-month aluminum gained USD 22.8/mt or 1.06% overnight as impact of euro zone downgrades faded and focus is put on today’s Chinese GDP data. American markets were closed on Monday in memory of Martin...
Shanghai Metals Market Morning Review – 2012/1/19 Aluminum Market
LME aluminum market overnight opened at USD 2,217/mt due to favorable debt auctions by Spain and positive economic data in the US. During the session, LME aluminum prices dropped to USD 2,190/mt, but later were supported by the news that Greek debt talks will resume. Finally, LME aluminum market...
Mitsubishi Corp Unimetals forecasts aluminium price
Japanese metal trading company, Mitsubishi Corporation Unimetals, currently forecasted primary aluminium price at London Metal Exchange would fluctuate in a range at USD 1,800 to USD 2,700 per tonne in CY2012. The company estimated LME aluminium price would maintain weak tone in the first six...
ALUMINIUM-Major market developments in December
Aluminium prices fell in December as demand worries weighed, and while a handful of production cutback announcements have since lent the market a steadier tone, lacklustre demand is seen likely to limit moves higher near term. In early January, Alcoa Inc announced it was cutting its global smelting...
LME aluminium to revisit a low of $2116/T
SINGAPORE: LME aluminum is expected to end the current wave "b" rebound around $2,166 per tonne and revisit the wave "a" trough of $2,116. The retracement from the Jan. 12 high of $2,197 has not completed, with a downward wave "c" yet to travel to the wave "a" trough. A Fibonacci retracement...
Shanghai Metals Market Morning Review - 2012/1/18 Aluminum Market
Better than expected Chinese GDP data, strong performance of the German economy and inspiring Spanish debt sales together overshadowed downgrades of euro zone countries, pulling down the US dollar index and helping the euro rebound. LME aluminum surged 2.52% as a result of above development closing...
Commodity Trading Tips for Aluminium by KediaCommodity
Aluminium yesterday traded with the positive node and settled 0.09% up at 110 tracking LME aluminum for three-month delivery dropped to an intraday low of USD 2,116/mt last Friday after Standard & Poor’s downgraded 9 euro zone countries. Better than expected Michigan University Index and leading...
LME aluminium to fall to $2,068/T
SINGAPORE: LME aluminum will drop further to $2,068 per tonne, as indicated by a rising channel and a Fibonacci retracement analysis. The metal has almost dropped below the rising channel that it has been climbing up since Jan. 5. A duplicated channel points to a target at $2,068, the 76.4 percent...
Aluminium prices set to rise
One of the world's top aluminium producers has forecast that prices will rebound later this year as suppliers cut output, mothballing some smelting plants because of the low price of aluminium, which will result in reduced global supply. Laurent Schmitt CEO of Aluminium Bahrain BSC, the second...
Aluminum Gains as Alcoa Sees Tighter Supply on Smelter-Cut Plan
Aluminum jumped to a five-week high in London after Alcoa Inc., the largest U.S. producer, forecast a global production deficit. Alcoa said yesterday that global demand will exceed supply this year by 600,000 metric tons. The New York-based company reported a fourth-quarter net loss of $191...
Aluminum prices to recover as producers cut output - Alba
Aluminium Bahrain BSC the second largest producer of the metal in the Middle East, forecast that prices will recover this year as some suppliers cut output. Mr Laurent Schmitt CEO in a statement said that “Less competitive smelters will have to reduce their production capacity or even shut down in...
Shanghai Metals Market Morning Review - 2012/1/17 Aluminum Market
LME three-month aluminum gained USD 22.8/mt or 1.06% overnight as impact of euro zone downgrades faded and focus is put on today’s Chinese GDP data. American markets were closed on Monday in memory of Martin Luther King. Transactions for LME aluminum therefore were down almost by half. China’s 4Q...
LME aluminium to drop to $2,132/T
SINGAPORE: LME aluminum will drop to $2,132 per tonne, as a small five-wave cycle has peaked at the Thursday high of $2,197. The cycle has been developing in a rising channel, and the lower channel line points to a target of $2,132, the 38.2 percent Fibonacci retracement on the rise from $2,027.75...
Shanghai Metals Market Morning Review - 2012/1/16 Aluminum Market
LME aluminum for three-month delivery dropped to an intraday low of USD 2,116/mt last Friday after Standard & Poor’s downgraded 9 euro zone countries. Better than expected Michigan University Index and leading indicators from the US came later and helped the metal narrowing loss to USD 19.3/mt or...
