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 price stands 3.16% higher since August 1; SHFE price gains US$25/t over a week
On Wednesday, the 3-month LME aluminum contract opened at US$2,332.50 per tonne, with a high of US$2,365 per tonne, a low of US$2,319 per tonne, and closed at US$2,327 per tonne, up US$1 per tonne or 0.04 per cent. On Wednesday, August 14, LME aluminium cash bid price and LME aluminium official...
Hindalco posts a 25% rise in net profit for Q1 FY2025, backed by robust operations and favourable LME aluminium prices
On Tuesday, August 13, Hindalco Industries Limited announced the first quarter results of the financial year 2024-25 ended June 30. In the report, the company highlighted its robust fiscal growth, attributing to the jump of global aluminium prices on the London Metal Exchange. The profit earned in...
LME aluminium benchmark price loses US$11.5/t; SHFE price moves down to US$2,650/t
On Tuesday, LME 3M aluminium opened at US$2,306.5 per tonne, hitting a high of US$2,340 per tonne and a low of US$2,290 per tonne, and closed at US$2,326 per tonne, up US$17 per tonne or 0.74 per cent. On Tuesday, August 13, both LME aluminium cash bid price and LME aluminium official settlement...
Despite Russian aluminium stocks growing to 65%, total LME warrant inventories decline in July
The share of Russian aluminium stocks on the London Metal Exchange-approved warehouses continued to increase in July 2024, accounting for 65 per cent of the total stocks. In June, the share of stocks of Russian origin on the London Metal Exchange was 50 per cent after rising from 42 per cent in...
LME aluminium benchmark price moves up to US$2,268/t; SHFE price drops by US$13/t
On Monday, LME aluminium opened at US$2,299 per tonne, with a high of US$2,331.5 per tonne, a low of US$2,297 per tonne, and closed at US$2,309 per tonne, up US$14 per tonne, or 0.61 per cent. Following a surge of US$58.5 per tonne on Friday, August 9, both LME aluminium cash bid price and LME...
Century Aluminum’s net sales in Q2 recorded over 14% rise as robust LME prices offset lower shipments
Century Aluminum Company, a US-based producer of primary aluminium, announced its second quarter 2024 results, revealing net sales of $560.8 million, up 14.57 per cent sequentially from $489.5 million, despite lower shipments. The higher average aluminium price, ranging above US$2,500 per tonne in...
LME aluminium price closes the week with a surge of US$58.5/t; SHFE price gains US$33/t
LME aluminium opened at US$2,280 per tonne last Friday, reaching a high of US$2,329.5 per tonne and a low of US$2,280 per tonne. It closed at US$2,295 per tonne, up US$11 per tonne, an increase of 0.48 per cent. On Friday, August 9, both LME aluminium cash bid price and LME aluminium official...
LME aluminium benchmark price moves up by US$2/t; SHFE price adds US$3/t
The previous trading day, LME aluminium opened at US$2,272 per tonne, hit a high of US$2,285 per tonne and a low of US$2,256 per tonne, and closed at US$2,284 per tonne, up US$11 per tonne, or 0.48 per cent. On Thursday, August 8, both LME aluminium cash bid price and LME aluminium official...
LME aluminium benchmark price dips $2.5/t after a substantial growth last day; SHFE price gains $6/t
On Wednesday, August 7, the three-month LME aluminum contract opened at US$2,297.50 per tonne and closed at US$2,273 per tonne, registering a decline of US$28 per tonne or 1.22 per cent. In the intervening period, the price reached a high of US$2,300 per tonne and a low of US$2,247.50 per tonne....
The latest hike takes LME aluminium price a week higher by $43.5/t; SHFE price grows overnight but down W-o-W by $8/t
The previous trading day, LME aluminium opened at US$2,263.50 per tonne, reached a high of US$2,305 per tonne and a low of US$2,238 per tonne, and closed at US$2,301 per tonne, up US$39 per tonne or 1.72 per cent. The LME aluminium benchmark price registered its first rise of the month on Tuesday,...
LME aluminium benchmark price dwindles by US$47.5/t; SHFE price nosedives by US$57/t
The previous trading day, LME aluminium opened at US$2,261 per tonne, reached a high of US$2,283 per tonne, a low of US$2,227 per tonne, and closed at US$2,262 per tonne, down US$1 per tonne, a decrease of 0.04 per cent. On Monday, August 5, both LME aluminium cash bid price and LME aluminium...
LME aluminium price closes the week with a fall of US$14/t; SHFE price grows to US$2677/t
The previous trading day, LME aluminium opened at US$2,279 per tonne, with a high of US$2,304 per tonne and a low of US$2,257 per tonne, and closed at US$2,263 per tonne, down US$10.5 per tonne, a decrease of 0.46 per cent. On Friday, August 2, both LME aluminium cash bid price and LME aluminium...
LME aluminium price loses US$23.5/t amidst weak demand & ample supply; SHFE price slips to US$2643/t
The previous trading day, LME aluminium opened at US$2,311 per tonne, reached a high of US$2,327.5 per tonne and a low of US$2,272.5 per tonne, and closed at US$2,273.5 per tonne, down US$41.5 per tonne, a decrease of 1.79 per cent. Following a growth the previous day , both LME aluminium cash bid...
LME aluminium price hikes by US$90.5/t following supportive economic measures from China; SHFE price gains another US$21/t
On July 31, the LME aluminium three-month contract opened at US$2,234.50 per tonne, reached a high of US$2,324.50 per tonne and a low of US$2,229.50 per tonne, and closed at US$2,315 per tonne, up US$77 per tonne or 3.44 per cent. After a month-long relentless decline, LME aluminium cash bid price...
India’s imported aluminium scrap price declines by 4% W-o-W on LME downtrend
India has seen a notable decline in imported aluminium scrap prices w-o-w, attributed to decreased LME aluminium prices. Prices for all grades have fallen by up to 4 per cent this week, leading to market uncertainty and a cautious approach among market participants. Meanwhile, three-month LME...
Downward trend in LME aluminium price persists, plummeting by US$42/t; SHFE price gains US$21/t
The previous trading day, LME aluminium opened at US$2,249.5 per tonne, hit a high of US$2,253 per tonne and a low of US$2,209.5 per tonne, and closed at US$2,238 per tonne, down US$9 per tonne, or 0.40 per cent. The downward trend in the LME aluminium price since early July continues unabated. As...
LME aluminium price hits over 4-month low owing to lacklustre condition in China; SHFE price loses US$37/t
The previous trading day, LME aluminium opened at US$2,287 per tonne, reached a high of US$2,299 per tonne, a low of US$2,239.5 per tonne, and closed at US$2,247 per tonne, down US$34 per tonne, a decrease of 1.49 per cent. As per the LME data, aluminium prices on Monday stood at their lowest in...
LME aluminium price closes the week with a rise of US$10.5/t; SHFE price falls to US$2648/t
The previous trading day, LME aluminium opened at US$2,275 per tonne, hit a high of US$2,298 per tonne and a low of US$2,270 per tonne, and closed at US$2,281 per tonne, up US$3.5 per tonne, or 0.15 per cent. On Friday, July 26, both LME aluminium cash bid price and LME aluminium official...
