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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LME aluminium benchmark price moves down to US$2366/t; SHFE price loses US$3/t
On Thursday, LME aluminium opened at US$2,392 per tonne, with a high of US$2,410 per tonne, a low of US$2,363 per tonne, and closed at US$2,378 per tonne, down US$21.5 per tonne, a decrease of 0.90 per cent. On Thursday, September 5, both LME aluminium cash bid price and LME aluminium official...
LME aluminium price descends to US$2367.50/t; SHFE price loses US$17/t
On Wednesday, LME aluminium opened at US$2,412.5 per tonne, reached a high of US$2,418.5 per tonne, a low of US$2,370.5 per tonne, and closed at US$2,399.5 per tonne, down US$16 per tonne, a decrease of 0.66 per cent. On Wednesday, September 4, both LME aluminium cash bid price and LME aluminium...
LME aluminium benchmark price falls by US$8.5/t; SHFE price adds US$2/t
On Tuesday, LME aluminium opened at US$2,424 per tonne, with a high of US$2,428.5 per tonne, a low of US$2,394 per tonne, and closed at US$2,415.5 per tonne, down US$8.5 per tonne, a decrease of 0.35 per cent. As per the LME aluminium graph, on Tuesday, September 3, both the cash bid price and...
LME aluminium hits 2-week low as China’s manufacturing activity slows down in August; SHFE price slumps by US$50/t
On Monday, LME aluminium opened at US$2,449.5 per tonne, hit a high of US$2,456.5 per tonne and a low of US$2,411 per tonne, and closed at US$2,424 per tonne, down US$22 per tonne, or 0.90 per cent. As per the LME data, on Monday, August 2, aluminium prices dropped to a two-week low following data...
LME aluminium price closes the week with a hike of RMB26/t; SHFE price adds US$12/t
Last Friday, LME aluminium opened at US$2,460 per tonne, with a high of US$2,498 per tonne, a low of US$2,440.5 per tonne, and closed at US$2,446 per tonne, down US$25.5 per tonne, a decrease of 1.03 per cent. On Friday, August 30, both LME aluminium cash bid price and LME aluminium official...
EGA reports strong H1 2024 financial performance, driven by high demand for premium aluminium
Emirates Global Aluminium (EGA), the world's largest producer of premium aluminium, has reported strong financial results for Q12024, driven by sustained global demand for premium aluminium. EGA's adjusted Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) reached AED 4.20...
LME aluminium benchmark price declines by US$42/t; SHFE price falls to US$2772/t
On Thursday, LME aluminium opened at a high of US$2,486.5 per tonne, a low of US$2,450 per tonne, and closed at US$2,466 per tonne, down US$18 per tonne, a decrease of 0.72 per cent. On Thursday, August 29, both LME aluminium cash bid price and LME aluminium official settlement price declined by...
LME aluminium price falls below US$2500/t amid decreased stock after marking two-month high; SHFE gains $6/t
On Wednesday, August 28, three-month LME aluminum contract opened at US$2,543 per tonne, with a high of US$2,548.50 per tonne and a low of US$2,484 per tonne, closing at US$2,484 per tonne, down by US$62.50 per tonne. After experiencing skyrocketing growth over six days by US$226.50 per tonne...
LME aluminium benchmark price gains US$21/t; SHFE price moves down by US$2/t
On Tuesday, LME aluminium opened at US$2,532 per tonne, with a high of US$2,554 per tonne and a low of US$2,502.5 per tonne, closing at US$2,546.5 per tonne, up US$13 per tonne or 0.51 per cent. On Tuesday, August 27, both LME aluminium cash bid price and LME aluminium official settlement price...
SHFE price grows W-o-W by US$40/t, arriving at US$2789/t today; LME market is closed for summer bank holiday
On Tuesday, August 27, the SHFE aluminium benchmark price moved up by US$2 per tonne or 0.07 per cent to clock at US$2,789 per tonne. W-o-W, the price has surged by US$40 per tonne or 1.45 per cent from US$2,749 per tonne. The most-traded SHFE aluminium 2410 contract opened at RMB 19,930 per tonne...
Societe Generale to exit London Metal Exchange's open-outcry trading floor
Societe Generale International has announced its decision to withdraw from the London Metal Exchange's (LME) open-outcry trading floor, known as the "ring," a move that has sparked concerns about the future viability of this historic trading venue. The LME, the world's oldest and largest market for...
LME aluminium price closes the week with a growth of US$28/t; SHFE price moves up by US$3/t
LME aluminium opened at US$2,475 per tonne, with a high of US$2,547.5 per tonne and a low of US$2,473.5 per tonne, closing at US$2,533.5 per tonne, up US$67 per tonne or 2.72 per cent. On Friday, August 23, both LME aluminium cash bid price and LME aluminium official settlement price gained US$28.5...
Upstream Weekly Recap: Aluminium market reacts to raw materials shortage in China with heightened price
The upstream sector of the global aluminium industry witnessed some important events this week. To begin with, LME aluminium price hit a 5-week high fuelled by the alumina shortage in China coupled with the weakening dollar that spurred fund buying. The price closed at US$2,435 per tonne after...
LME aluminium benchmark price hikes by US$28/t; SHFE price grows to US$2784/t
Overnight, LME 3M aluminium opened at US$2,482 per tonne, hit a high of US$2,531 per tonne, a low of US$2,466 per tonne, and closed at US$2,466.5 per tonne, down US$14.5 per tonne or 0.58 per cent. On Thursday, August 22, both LME aluminium cash bid price and LME aluminium official settlement price...
LME aluminium benchmark price adds US$8/t to US$2443/t; SHFE price drops by US$11/t
Overnight, LME 3M aluminium opened at US$2,482.5 per tonne, with a high of US$2,495 per tonne, a low of US$2,452.5 per tonne, and closed at US$2,479 per tonne, down US$23 per tonne or 0.92 per cent. On Wednesday, August 21, both LME aluminium cash bid price and LME aluminium official settlement...
LME aluminium price skyrockets by US$76/t driven by positive US economic data; SHFE price expands by US$49/t
Overnight, LME 3M aluminium opened at US$2,367 per tonne, reached a high of US$2,449.5 per tonne and a low of US$2,365 per tonne, and closed at US$2,430 per tonne, up US$64.5 per tonne, or 2.73 per cent. On Monday, August 19, both LME aluminium cash bid price and LME aluminium official settlement...
LME aluminium price stands 1.35% W-o-W high despite losing $7.5/t; SHFE price touches the US$2700/t level
On Friday, August 16, the 3-month LME aluminium contract price opened at US$2,358.50 per tonne, with a high of US$2,374 per tonne and a low of US$2,338.50 per tonne, closing at US$2,368 per tonne, up US$12 per tonne. LME aluminium cash bid price and LME aluminium official settlement price suffered...
LME aluminium benchmark price moves up by US$2/t; SHFE price hikes to US$2,678/t
On Thursday, LME 3M aluminium opened at US$2,325 per tonne, with a high of US$2,370 per tonne, a low of US$2,321.5 per tonne, and closed at US$2,356 per tonne, up US$29 per tonne, an increase of 1.25 per cent. On Thursday, August 15, both LME aluminium cash bid price and LME aluminium official...
