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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Upstream Weekly Recap: World’s H1 aluminium production grows as expected; EGA, first in the world to digitise metals quality analysis system on LME
This week, the primary aluminium sector was under a havoc media spotlight from the entire upstream aluminium industry, featuring many crucial events and updates. Besides the global aluminium prices reaching almost a four-month low, what made several round-ups on the internet were Emirates Global...
LME aluminium price plunges by US$47.5/t, losing 4.98% W-o-W; SHFE price edges up by US$20/t
The previous trading day, LME aluminium opened at US$2,298 per tonne, hit a high of US$2,303 per tonne and a low of US$2,266 per tonne, and closed at US$2,277.5 per tonne, down US$17.5 per tonne, a decrease of 0.76 per cent. Aluminium prices have been significantly down since the beginning of July....
Emirates Global Aluminium becomes the first in the world to digitise quality analysis system on LME
Emirates Global Aluminium, the largest premium aluminium producer in the world and the biggest industrial company in the United Arab Emirates outside oil and gas, has digitally linked its metals quality analysis system to the London Metal Exchange. EGA is the world's first company to do so,...
LME aluminium price sees a slight gain overnight but no W-o-W improvement; SHFE price marks a loss of US$67/t over the week
On Wednesday, July 24, the three-month LME aluminum contract opened at US$2,296 per tonne, reached a high of US$2,320.50 per tonne and a low of US$2,286 per tonne, and closed at US$2,295 per tonne, down US$2.5 per tonne or 0.15 per cent. LME aluminium cash bid price and LME aluminium official...
LME aluminium price moves up by US$5/t, but loses 4.18% W-o-W; SHFE price contracts by US$15/t
The previous trading day, LME aluminium opened at $2,319 per tonne, hit a high of $2,327 per tonne and a low of $2,293 per tonne, and closed at $2,298.5 per tonne, down $16 per tonne, a decrease of 0.69 per cent. After witnessing a fall for the past few days, the LME aluminium cash bid price and...
Growing demand concerns push LME aluminium price to almost a 4-month low; SHFE price loses over $150/t M-o-M
On Monday, July 22, the three-month LME aluminium contract opened at US$2,345 per tonne, reached a high of US$2,364.50 per tonne, a low of US$2,296 per tonne, and closed at US$2,314.50 per tonne, down US$35.50 per tonne or 1.51 per cent. The above downward graph of the LME aluminium benchmark price...
LME aluminium benchmark price contracts by US$23/t; SHFE price slumps to US$2682/t
The previous trading day, LME aluminium opened at US$2,381.5 per tonne, with a high of US$2,385.5 per tonne, a low of US$2,350 per tonne, and closed at US$2,350 per tonne, down US$35.5 per tonne, a decrease of 1.49 per cent. On Friday, July 19, both LME aluminium cash bid price and LME aluminium...
LME aluminium price extends double-digit fall for the ninth day; SHFE price exceeds a decline of US$100/t M-o-M
The previous trading day, the three-month LME aluminum contract opened at US$2,405.50 per tonne, reached a high of US$2,430 per tonne, a low of US$2,380 per tonne, and eventually closed at US$2,385.50 per tonne, down US$20 per tonne. It is the ninth day and counting, but the LME aluminium benchmark...
LME aluminium benchmark price slumps to US$2363/t; SHFE price contracts by US$22/t
The previous trading day, LME aluminium opened at US$2,415.5 per tonne, reached a high of US$2,424 per tonne and a low of US$2,397 per tonne, and closed at US$2,405.5 per tonne, down US$10.5 per tonne, a decrease of 0.43 per cent. On Wednesday, July 17, both LME aluminium cash bid price and LME...
LME aluminium benchmark price hits three-month low owing to heavy supply; SHFE price falls by US$4/t
The previous trading day, LME aluminium opened at US$2,461 per tonne, reached a high of US$2,462 per tonne and a low of US$2,403 per tonne, and closed at US$2,416 per tonne, down US$44 per tonne, a decrease of 1.79 per cent. As per the reports on Tuesday, aluminium prices dropped to their lowest...
LME aluminium price plunges for the sixth day in a row, losing $71.5/t W-o-W; SHFE price declines by $21/t
On Monday, July 15, LME aluminum opened at US$2,479.50 per tonne, hit a high of US$2,489.50 per tonne, a low of US$2,458 per tonne, and closed at US$2,460 per tonne, down by 1.18 per cent. LME aluminium cash bid price and LME aluminium official settlement price further decreased, marking the sixth...
LME aluminium benchmark price closes the week with a drop of US$6.5/t; SHFE price declines by US$43/t W-o-W
The previous trading day, LME aluminium opened at US$2,481 per tonne, reached a high of US$2,489.5 per tonne, a low of US$2,465 per tonne, and closed at US$2,489.5 per tonne, up US$13 per tonne, an increase of 0.52 per cent. On Friday, July 12, both LME aluminium cash bid price and LME aluminium...
Upstream Aluminium Recap: LME price losses $67/t amid lower stocks due to meagre share of Indian origin; US levies 10% duties on Chinese imports via Mexico
This week, the upstream aluminium sector took centre stage, featuring numerous significant developments in price front, production, international trade policy, project clearance, and investment. The continuous price fall on the Shanghai Metals Market and London Metal Exchange throughout the week...
LME aluminium price sheds off US$67/t during July 8-11; SHFE price closes the week with a US$38/t fall
On Thursday, July 11, the three-month LME aluminium contract opened at US$2,480 per tonne, with a high of US$2,508.50 per tonne, a low of US$2,474 per tonne, and closed at US$2,474.50 per tonne, down US$3.50 per tonne from the previous closing price. The LME aluminium benchmark price continued...
Russian aluminium stocks surge to 50% in LME warehouses
According to LME data released on July 10, 2024, the share of available aluminium stocks of Russian origin in London Metal Exchange (LME)-approved warehouses rose to 50 per cent in June from 42 per cent in May, while the share of Indian origin fell to 40 per cent from 50 per cent. The on-warrant...
LME aluminium benchmark price contracts by US$36.5/t; SHFE price drops to US$2775/t
The previous trading day, LME aluminium opened at US$2,495.5 per tonne, reached a high of US$2,501.5 per tonne, a low of US$2,476.5 per tonne, and closed at US$2,478 per tonne, down US$19 per tonne from the previous trading day's closing price, a decrease of 0.76 per cent. On Wednesday, July 10,...
LME aluminium benchmark price retreats US$7/t; SHFE aluminium price returns below US$2800/t
On Tuesday, July 9, the three-month LME aluminum contract price opened at US$2,534 per tonne, reached a high of US$2,536.50 per tonne and a low of US$2,490.50 per tonne, and closed at US$2,497 per tonne, down US$32 per tonne from the previous closing price, a decrease of 1.27 per cent. LME...
LME aluminium benchmark price descends to US$2475.5/t; SHFE price adds US$9/t
LME aluminium opened at US$2,537 per tonne in the previous trading day, with a high of US$2,541 per tonne and a low of US$2,520 per tonne, and closed at US$2,529 per tonne, down US$10.5 per tonne from the previous trading day, a decrease of 0.41 per cent. On Monday, July 8, both LME aluminium cash...
