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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Russian aluminium stocks on LME edge down to 66% in September
According to LME data released on October 10, 2024, the proportion of Russian-origin aluminium stock in London Metal Exchange (LME) approved warehouses saw a marginal decline in September, falling to 66 per cent from 67 per cent in August. However, the data indicated that aluminium of Indian origin...
Vedanta Aluminium sets new industry standards with LME Passport digital connectivity
In a major milestone for India's aluminium industry, Vedanta Aluminium has become the first smelter in the country to successfully implement the London Metal Exchange (LME) Passport program. This development positions Vedanta Aluminium, India's largest aluminium producer, as only the fifth primary...
Europe’s primary aluminium production sees a 5% growth in August on risen profitability due to LME price rally
In August 2024, primary aluminium production in Europe continued to grow , reaching a new high. Month-on-month, the output increased by 2,000 tonnes or 0.34 per cent, while year-on-year surged by 29,000 tonnes or 5.1 per cent, supported equally by Russia & Eastern Europe and Western & Central...
LME aluminium price falls by US$30/t to US$2512/t; SHFE price loses US$23/t
On the previous trading day, LME aluminium opened at US$2,557 per tonne, hit a high of US$2,580 per tonne and a low of US$2,516 per tonne, and closed at US$2,539 per tonne, down US$17 per tonne, a decrease of 0.67 per cent. On Wednesday, September 25, both the cash bid price and official settlement...
LME aluminium price marks a surge of US$87/t to US$2542/t; SHFE price expands by US$37/t
LME aluminium opened the previous trading day at US$2,489 per tonne, with a high of US$2,568 per tonne and a low of US$2,483 per tonne, closing at US$2,554 per tonne, up US$68 per tonne, an increase of 2.73 per cent. Both the cash bid price and official settlement price marked a surge of US$86 per...
LME aluminium price slumps by US$22/t; SHFE price gains US$26/t
The previous trading day, LME aluminium opened at US$2,485 per tonne, with a high of US$2,499 per tonne and a low of US$2,456 per tonne, closing at US$2,486 per tonne, up US$1 per tonne, an increase of 0.04 per cent. On Monday, September 23, both LME aluminium cash bid price and LME aluminium...
LME aluminium benchmark price closes the week with a decline of US$46/t; SHFE price falls to US$2807/t
On the previous trading day, LME aluminium opened at US$2,536.5 per tonne, hit a high of US$2,551 per tonne and a low of US$2,478 per tonne, and closed at US$2,486 per tonne, down US$53.5 per tonne, a decrease of 2.11 per cent. As per the LME price graph, on Friday, September 20, both cash bid...
LME aluminium price adds US$3/t to US$2523/t; SHFE price ascends to US$2844/t
Yesterday, LME aluminium opened at US$2,521.5 per tonne, hit a high of US$2,569 per tonne and a low of US$2,506 per tonne, and closed at $2,540 per tonne, up $18 per tonne or 0.71 per cent. On Thursday, September 19, both LME aluminium cash bid price and LME aluminium official settlement price...
LME aluminium benchmark price gains US$14.5/t; SHFE price hikes to US$2815/t
The previous trading day, LME aluminium opened at US$2,509 per tonne, reached a high of US$2,542 per tonne, a low of US$2,485 per tonne, and closed at US$2,522 per tonne, up US$15.5 per tonne, an increase of 0.62 per cent. On Wednesday, September 18, both LME aluminium cash bid price and LME...
LME aluminium benchmark price moves up to US$2505.50/t; SHFE price gains US$17/t
LME aluminium opened at US$2,517 per tonne, hit a high of US$2,539.5 per tonne, a low of US$2,505.5 per tonne, and closed at US$2,506.5 per tonne, down US$8.5 per tonne, a decrease of 0.34 per cent. On Tuesday, September 17, both LME aluminium cash bid price and LME aluminium official settlement...
LME aluminium price leaps by US$100/t overnight on lower inventories, weaker dollar and Fed rate cut hopes
On Monday, September 16, the LME aluminium benchmark price witnessed a leap of US$100 per tonne, reaching above US$2,500 per tonne after precisely three weeks. Only over a night, LME aluminium cash bid price and LME aluminium official settlement price shot up by US$100.50 per tonne and US$100 per...
Back-to-back growth in LME aluminium price brings it about 5% higher M-o-M; SHFE is closed for mid-autumn holiday
On Friday, September 13, the LME aluminium benchmark price continued to grow for the fourth day in a row and exceeded the US$2,400 per tonne level. The LME graph movement suggests the LME aluminium cash bid price and LME aluminium official settlement price increased by US$14 per tonne and US$14.50...
LME aluminium price hikes by US$36/t driven by recovering demand; SHFE price grows to US$2,777/t
On Thursday, LME aluminium opened at US$2,377.5 per tonne, reached a high of US$2,427.5 per tonne, a low of US$2,374.5 per tonne, and closed at US$2,414 per tonne, up US$34.5 per tonne, an increase of 1.45 per cent. As per the data, both LME aluminium cash bid price and LME aluminium official...
LME aluminium benchmark price grows by US$31.5/t; SHFE price moves up to US$2753/t
On Wednesday, LME aluminium opened at US$2,342 per tonne, reached a high of US$2,379.5 per tonne, a low of US$2,337 per tonne, and closed at US$2,379.5 per tonne, up by US$37.5 per tonne, an increase of 1.60 per cent. As per the LME data, both cash bid price and official settlement price gained...
Russian aluminium stocks rise to 67% in LME warehouses, Indian share declines
According to data from the London Metal Exchange (LME) released on September 10, 2024, the proportion of aluminium stocks of Russian origin in LME-approved warehouses increased to 67 per cent in August, up from 65 per cent in July. The share of aluminium originating from India dropped to 31 per...
LME aluminium benchmark price ascends by US$5/t; SHFE price gains US$27/t
On Tuesday, LME aluminium opened at US$2,364 per tonne, with a high of US$2,375 per tonne and a low of US$2,332.5 per tonne, closing at US$2,342 per tonne, down US$20.5 per tonne (-0.87 per cent). The LME aluminium cash bid price and LME aluminium official settlement price ascended by US$5 per...
LME aluminium price dwindles by US$50/t; SHFE price declines by US$22/t
On Monday, LME aluminium opened at US$2,344.5 per tonne, reached a high of US$2,365 per tonne and a low of US$2,326.5 per tonne before closing at US$2,362.5 per tonne, up US$21 per tonne, a 0.90 per cent increase. The LME aluminium cash bid price and LME aluminium official settlement price dwindled...
LME aluminium official settlement price moves up to US$2368/t; SHFE price descends by US$4/t
Last Friday, LME aluminium opened at US$2,384 per tonne, hit a high of US$2,394 per tonne and a low of US$2,340 per tonne, and closed at US$2,341.5 per tonne, down US$36.5 per tonne or 1.53 per cent. On Friday, September 6, both LME aluminium cash bid price and LME aluminium official settlement...
