LME aluminium price rises to $3,310/t: Can EGA and Alba repairs bring back 2025 levels?
The London Metal Exchange (LME) aluminium price reported improvements across the pricing and contract segments on the September 7 close, recovering from the downward trend reported at the September 4 session . As the repair and operations stabilise at the facilities of Emirates Global Aluminium...
LME aluminium offer price slips to $3,292.5/t as lower exchange stocks point to tighter availability
LME aluminium prices edged lower on September 4 compared with the previous trading day, while aluminium stocks also declined marginally. The most notable movement was in cancelled warrants, which fell by more than 38 per cent day on day. On September 4, the LME aluminium cash bid price stood at USD...
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Supporting the private economy: The tug-of-war between sellers and buyers continues amid a volatile pattern
Futures market: Yesterday, the most-traded SHFE aluminium 2504 contract opened at RMB 20,645 per tonne, reached a high of RMB 20,690 per tonne, a low of RMB 20,585 per tonne, and closed at RMB 20,660 per tonne, down RMB 50 per tonne from the previous day, with a 0.24 per cent increase. Yesterday,...
Aluminium set to outshine in 2025: Supply deficit predicted
Aluminium is set to be the standout performer among London Metal Exchange (LME) base metals in 2025, with analysts predicting a supply shortfall this year that could drive prices higher. According to the latest Reuters January base metals poll, analysts expect zinc, copper, and tin to see higher...
India: Imported aluminium scrap prices rise w-o-w following hike in LME tags
Imported aluminium scrap prices in India witnessed an upward trend week-on-week (w-o-w), driven by a rise in London Metal Exchange (LME) aluminium tags. BigMint's benchmark assessment for Tense scrap originating from the US was at $1,850/tonne (t), increasing by $35/t w-o-w, while Wheels from the...
US imposes 10% tariff; LME aluminium maintains sideways movement during Chinese New Year
Futures Market: SHFE aluminium was closed overnight due to the Chinese New Year holiday. On Tuesday, February 4, 2025, LME aluminium opened at US$2,622 per tonne, reached a high of US$2,644.5 per tonne, a low of US$2,611 per tonne, and closed at US$2,629 per tonne, up US$8.5 per tonne or 0.32 per...
Review of LME aluminium trends during the Chinese New Year holiday: Pre-holiday demand weakens, LME aluminium fluctuates and consolidates
Before the Chinese New Year holiday, domestic aluminium prices shifted lower as end-use consumption weakened. On January 27, the most-traded SHFE aluminium contract (AL2503) closed at RMB 20,240 per tonne, down 0.78 per cent on the day. During the Chinese New Year holiday (January 28 to February...
Here’s why India needs an LME warehouse to support the AL business
Anuj Bareja, Founder and Managing Director of Asier Metals Private Ltd, stated at the LME Mumbai Forum on January 27, 2025, that establishing London Metal Exchange (LME) warehouses in India could help mitigate the carbon footprint associated with transporting aluminium. With sustainability measures...
Energy and commodities trader Vitol to remove aluminium stock from LME for cost-cutting purpose
Vitol, an energy and commodities trader, is mulling over reducing its storage costs by withdrawing some substantial aluminium volume from London Metal Exchange (LME) warehouses in Port Klang, Malaysia. Image source: Vitol By removing stocks from LME-approved warehouses, Vitol can save 56 US cents...
India: Imported aluminium scrap tags fall w-o-w amid decline in LME prices
Imported aluminium scrap prices in India dropped by up to 2.5 per cent w-o-w, mirroring a decline in London Metal Exchange (LME) levels. However, certain scrap grades held firm w-o-w amid reports of supply shortages. BigMint's benchmark assessment for Tense scrap originating from the UAE stood at...
Base metals prices, stocks on LME show negative trends
Base metals prices on the London Metal Exchange (LME) showed negative trends, with zinc recording the highest drop of 2.76 per cent d-o-d. Meanwhile, inventories at LME-registered warehouses witnessed outflows, except for nickel stocks, which increased by 1.21 per cent d-o-d. COMEX market update...
Base metals prices on LME show positive trends, stocks remain stable
Base metals prices on the London Metal Exchange (LME) showed positive trends, with zinc increasing by 1.07 per cent d-o-d. Meanwhile, inventories at LME-registered warehouses remained stable d-o-d. Additionally, LME was closed today due to the New Year holiday. COMEX market update Copper prices on...
Base metals prices on LME show positive trends, stocks witness mixed movements
Base metals prices on the London Metal Exchange (LME) showed positive trends, with nickel increasing by 1.61 per cent d-o-d. Meanwhile, inventories at LME-registered warehouses witnessed mixed trends, with zinc stocks decreasing by 1.32 per cent d-o-d. COMEX market update Copper prices on the COMEX...
Base metals prices on LME show negative trends, stocks witness outflows
Base metals prices on the London Metal Exchange (LME) showed negative trends, except for copper, which increased by 0.11 per cent d-o-d. Meanwhile, inventories at LME-registered warehouses witnessed outflows, with zinc stocks decreasing by 2.61 per cent d-o-d. COMEX market update Copper prices on...
Base metals prices on LME show negative trends, stocks witness mixed movements
Base metals prices on the London Metal Exchange (LME) showed negative trends, except for nickel, which increased by 0.91 per cent d-o-d. Meanwhile, inventories at LME-registered warehouses witnessed mixed movements, with zinc stocks decreasing by 0.76 per cent d-o-d. Aluminium prices declined due...
Russia-origin aluminium share in LME-approved warehouses grows in November to 67%
The proportion of Russia-origin aluminium in London Metal Exchange (LME) warehouses in November 2024 grew to 67 per cent, following a drop in the previous month from 66 per cent to 65 per cent. Although the proportion increased, the volume of stocks continued to drop, amounting to 254,500 tonnes at...
India: Imported aluminium scrap prices remain range-bound w-o-w amid slow trading
Imported aluminium scrap prices in India remained range-bound w-o-w, with variations by up to 1.3 per cent, amid slow trading activity. BigMint's benchmark assessment for Tense scrap originating from the UAE stood at $1,800/tonne (t), firm w-o-w, while Zorba 95/5 from the UK stood at $2,100/t,...
India: Imported aluminium scrap prices remain largely stable w-o-w amid declining LME levels
Imported aluminium scrap prices in India remained firm, with few grades edging lower by up to 1.5 per cent w-o-w. BigMint's benchmark assessment for tense scrap originating from the UAE stood at $1,800/tonne (t), firm w-o-w, while zorba 95/5 from the UK stood at $2,110/t, stable w-o-w, both prices...
Century Aluminum posts a 203% jump in Q3 Adjusted EBITDA driven by rising aluminium shipments and LME prices
Century Aluminum Company, a US-based producer of primary aluminium, announced its third-quarter 2024 results, revealing net sales of $539.1 million. That was down by 3.9 per cent sequentially from $560.8 million, attributed to decreased third-party alumina sales but partially offset by increased...
Aluminium and copper prices set to rise: Goldman Sachs raises 2025 outlook following China's demand stimulus
In a significant upward revision, the leading global investment banking, securities, and asset and wealth management firm, Goldman Sachs, has enhanced its 2025 price forecasts for aluminium and copper, driven by increased demand potential in China, the world's largest consumer of these metals. The...
