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...
Grow with
AL Circle
Shanghai Metals Market Morning Review - 2011/11/18 Aluminum Market
Nearly 7% yields for Spanish debt and a 0.5 percentage point surge in French 2-year and 4-year debt overnight may indicate that the European debt crisis is spreading from peripheral countries to core countries of the Euro zone. Selling for commodities accelerated as investors’ risk aversion...
Shanghai Metals Market Morning Review - 2011/11/17 Aluminum Market
Investor worries towards contagion of the European debt crisis continued to weigh on global markets. Later released October industry output and NAHB housing market index growth beat market expectations, which helped weaken the bearish market sentiment. LME aluminum previously dipped to the intraday...
Aluminium to fall further, to $2,097/T
LME aluminum will fall to $2,097 per tonne, a low touched on Nov. 10, as pointed by the lower channel line of a falling channel. There are two small five-wave cycles on the fall from the Nov. 14 high of $2,197, indicating the metal is riding on a powerful wave (3) which will become a key driver in...
SMM Morning Review - 2011/11/16 Aluminum Market
The worsening European debt crisis as reflected to surging debt yields and a spread to Spain and positive US economic data pushed the US dollar index to 78 again overnight, damping longs’ confidence and thereby dragging down LME aluminum by USD 24.8/mt or 1.14% to USD 2,140.3/mt. Total positions...
Aluminium to fall to $2,127/T
A bullish target at $2,244 per tonne has been aborted for LME aluminum and a bearish target has been established at $2,127, a low touched on Nov. 11. The return of the price into a range of $2,096.25-$2,170 has signaled a false break above the high of the range, and the five-wave mode on the fall...
Shanghai Metals Market Morning Review - 2011/11/15 Aluminum Market
Though a change of government in Italy and Greece helped ease investor worries towards the European debt crisis, the record high bond yield in Italy overnight and veto of Greek opposition party towards the country’s austerity plan reignited investors worries, with the US dollar index rebounding to...
Aluminium neutral in $2,096.25-$2,170 range
LME aluminum has turned neutral as it returned into a range of $2,096.25-$2,170 per tonne. The metal refused to fall below a key support at $2,096.25, indicating that a big upward wave ""C"" could develop. But so long as the contract stays below $2,170, the upward wave ""C"" will not be confirmed....
Hindalco Q2 net lags f'cast, sees tough H2
Non-ferrous metals producer Hindalco Industries lagged estimates with a 16 percent rise in quarterly net profit and warned the second half of this fiscal year would be tough due to global economic uncertainty and cost pressures. The firm, part of the diversified Aditya Birla Group, said on Thursday...
SMM Morning Review - 2011/11/11 Aluminum Market
Weak overseas demand narrowed China’s trade surplus in October. The Italian debt issue was continuously weighing on global markets. Good news were that US new unemployment claims dropped to 390,000, a seven-month low, for the week ending on November 5th and Standard & Poor’s denied rumors that...
SMM Morning Review - 2011/11/10 Aluminum Market
Mounting investor worries towards debt woes of Italy had pushed yield of Italian public debt to 7.502% overnight, a new high since establishment of the Euro zone. A selling wave for the Euro and commodities also started. The US dollar index, supported by increased haven demand, surged to the 78...
SMM Morning Review - 2011/11/9 Aluminum Market
The Italian parliament approved the country’s budget plan for 2012 overnight. The country’s Prime Minister Berlusconi failed to win a majority of votes, and said later that he would resign after austerity measures pledged to the European Union were approved. This eased investor worries towards...
SMM Morning Review - 2011/11/8 Aluminum Market
The worsening debt issues of Greece and Italy have been continuously dampening market confidence. The meeting of European finance ministers did not present any breakthrough either. LME aluminum closed USD 11.3/mt or 0.53% lower at USD 2,125/mt overnight due to short selling at the tail of trading....
DJ Aluminum Has Best Price Growth Prospects In 2012 -CRU Group
Aluminum prices have the best chances of rising in 2012, among all six base metals traded on the London Metal Exchange, as the metal is "a nation-building material and an emerging middle class material [in auto and consumer-packaging sectors]," Paul Robinson, group manager of nonferrous metals at...
LME aluminium to rise to $2,205/T
SINGAPORE: LME aluminum will rise to $2,205 per tonne as it's riding on a powerful wave "c". This wave is the second upward leg of a rebound that started from the Oct. 20 low of $2,077.75, and may eventually travel to $2,314, a 100 percent Fibonacci projection level, based on the length of the wave...
LME aluminum to fall further to USD 2161 per tonne
BR reported that LME aluminum could fall further to USD 2,161 per tonne as a short term downtrend established from the October 27th 2011 high of USD 2,295 is intact within a falling channel. The lower channel line points to USD 2,161, the 61.8% Fibonacci retracement on the rise from USD 2,077.75 to...
SMM Morning Review - 2011/11/3 Aluminum Market
Due to the European debt crisis, manufacturing data of most European countries have slipped to 2009 levels. However, the US released later a better than expected October ADP employment data, and the Fed said easier monetary policies will be provided at times appropriate, which effectively depressed...
LME aluminium to consolidate in $2,096-$2,158 range
SINGAPORE: LME aluminum is expected to consolidate in a range of $2,096-$2,158 per tonne for one or two trading sessions, before plunging again. The deep fall during the previous trading session has confirmed the resumption of a long-term downtrend, however, it has also overdone a short-term...
LME aluminium to fall further to $2,161/T
LME aluminum could fall further to $2,161 per tonne, as a short-term downtrend established from the Oct. 27 high of $2,295 is intact within a falling channel. The lower channel line points to $2,161, the 61.8 percent Fibonacci retracement on the rise from $2,077.75 to $2,295. A rise above a...
