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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Shanghai Metals Market Morning Review - 2011/12/19 Aluminum Market
The US dollar index dropped below 80 last Friday after the latest CPI date showed US inflation pressure stabilized in November. Investors’ risk appetite stayed depressed, however, amid concerns of possible downgrades for European countries. LME aluminum only gained USD 17/mt or 0.86% at USD...
China's Aluminum Imports to Rise as Arbitrage Opens -Trade
China's primary aluminum imports are likely to rise until March with investors and merchants ramping up purchases after an arbitrage window between the London Metal Exchange and Shanghai opened for the first time since 2009, traders said on Wednesday. Benchmark three-month LME aluminum dropped more...
Shanghai Metals Market Morning Review - 2011/12/16 Aluminum Market
The US dollar index dropped to the 80 mark overnight with falling debt yields of Spain and much better than expected new jobless claims in the US which dropped to a new low since May 31st, 2008. Due to contracted transactions, LME aluminum gained only USD 20/mt or 1.02% when closing at USD...
Barclays: Base metal prices soften on US Fed, Euro worries
Base metal prices were softer across the base complex on Tuesday and have continued to soften this morning, as concerns over the eurozone crisis and a lack of action by the US Fed weighed on sentiment, said Barclays Capital in a briefing. On the SHFE, Aluminium prices continue to outperform the LME...
Aluminium sector bottoming out; Buy Hindalco, Nalco: IIFL
IIFL has come out with its report on aluminium sector. The research firm recommends investors to buy Hindalco & NALCO . Depreciating rupee to cushion impact of lower commodity prices: Aluminium prices have tumbled from its highs hit earlier in the year (29% from peak) on worries about the strength...
Shanghai Metals Market Morning Review - 2011/12/15 Aluminum Market
Contracted manufacturing activities in the euro zone added to investor worries towards the region’s debt crisis, which on the other hand helped the US dollar index climb to 80.73 and in the meanwhile weighed on commodities as investors sold risk assets at hand. As such, LME aluminum lost USD 41/mt...
Barclays: Heavy selling in LME aluminum leaves it vulnerable to short covering rally
Base metal prices have been falling sharply in recent days as disappointment grows following the EU summit, said Barclays Research in a research note. According to Barclays, aluminum is facing selling pressure with LME open interest still reaching new records highs daily. This leaves aluminum...
Alcoa Hampered by Europe's Uncertainty
Shares of Alcoa(AA) continued to slump in December as economic uncertainty that surrounds the European debt crisis weighs on the global aluminum market. Shares of the Pittsburgh-based aluminum producer fell 2.4% to $9.14 after German Chancellor Angela Merkel reiterated objections to a bigger...
Aluminium stocks to hit 5 MT; premiums soften-trade
More large shipments of aluminium are expected to enter warehouses registered by the London Metal Exchange before the year is out, driving stockpiles to a new record above 5 million tonnes and helping to depress premiums, traders said on Tuesday. In November, traders said large inflows were...
Shanghai Metals Market Morning Review - 2011/12/14 Aluminum Market
News overnight were almost all negative. For instance, the LME aluminum stock surged again by almost 100,000 mt overnight to a new record, Germany prime minister rejected expansion of the 500 billion euro EMS loan agreement and the Fed maintained its interest rates and provided no stimulus plan....
Iralco Asks LME to Explain Decision Not to Accept its Aluminum
Iranian Aluminium Co. is trying to establish why the London Metal Exchange said it won’t accept the company’s brand of aluminum for delivery to warehouses approved by the bourse. The company’s product won’t be taken from Jan. 6, the LME said in a notice to members on Dec. 9. If warrants are...
Shanghai Metals Market Morning Review - 2011/12/13 Aluminum Market
The market optimism cooled overnight after the EU summit failed to provide a practical solution for the region’s debt crisis. The US dollar index climbed to 79.653 as a result of haven seeking, thereby weighing on commodities. The LME aluminum stock surged further by over 120,000 mt to a record...
Shanghai Metals Market Morning Review - 2011/12/12 Aluminum Market
China’s CPI growth continued to drop but industrial output contracted as well, according to data released last Friday. Euro zone countries struck a uniformed fiscal agreement during the day’s EU summit, which helped ease investors’ worries. Such ease, however, was discounted due to a lack of...
Shanghai Metals Market Morning Review - 2011/12/9 Aluminum Market
A rate cut and a negative outlook for the European economy from the European Central Bank had sent LME aluminum to a lowest USD 2,045/mt overnight. The metal narrowed losses with a technical correction and finally closed at USD 2,060/mt, down USD 20/mt or 0.95% from the previous trading day. Total...
Shanghai Metals Market Morning Review - 2011/12/8 Aluminum Market
Standard & Poor’s negative outlook for the European Union and investors’ pessimism towards the euro zone debt crisis further weakened the euro against the US dollar, with the US dollar index strengthening again. As such, LME aluminum closed USD 30/mt lower at USD 2,080/mt overnight. Positions for...
Aluminium majors expect LME prices to move up
Indian aluminium majors are hopeful that the price of the metal on the London Metal Exchange (LME) may rise in the coming weeks as Euro zone leaders gear up to align their positions on centralised control of the euro zone budgets to fire-fight the debt crisis. After being on a steady decline for...
SMM Morning Review - 2011/12/7 Aluminum Market
LME aluminum was pressured at the 30-day moving average during initial trading hours as Standard & Poor’s downgrade warning for euro zone countries weighed on metals. The market sentiment slight improved later after German manufacturing data came out better-than-expected, which helped LME aluminum...
Shanghai Metals Market Morning Review - 2011/12/6 Aluminum Market
LME aluminum rebounded from below USD 2,100/mt overnight after Italy approved its new austerity plan and France and Germany proposed adjustment for the EU treaty so that an effective bailout plan can be reached during the EU summit this weekend. The rebound met pressure from weak US manufacturing...
