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 moves up by US$6/t to US$2494/t; SHFE price dips by US$3/t
LME aluminium opened at US$2,570 per tonne in the previous trading day, with its low and high at US$2570 per tonne and US$2,577 per tonne respectively before closing at US$2,573 per tonne, up 0.19 per cent. On Thursday, May 9, both LME aluminium cash bid price and LME aluminium official settlement...
Continued LME aluminium price drop drives NALCO to further cut its aluminium prices by INR6700/t
In response to the continued decline of the global aluminium price on the London Metal Exchange (LME), National Aluminium Company Limited (NALCO) has further reduced its aluminium ingot and aluminium product prices, with effect from May 1, 2024. This latest cut marks the second consecutive...
LME aluminium benchmark price and SHFE aluminium price uniformly ascends by US$73/t M-o-M
LME aluminium opened at US$2,547.50 per tonne in the previous trading day, with its low and high at US$2541 per tonne and US$2,550.50 per tonne respectively before closing at US$2,549.50 per tonne, up 0.18 per cent. The London Metal Exchange market showed a deflection in aluminium prices yesterday,...
LME aluminium benchmark price inches up by US$2.5/t; SHFE price slumps to US$2826/t
LME aluminium opened at US$2,573 per tonne on Tuesday, with its low and high at US$2547 per tonne and US$2,593 per tonne, respectively, before closing at US$2,568.5 per tonne, up 0.69 per cent. On Tuesday, May 7, both LME aluminium cash bid price and LME aluminium official settlement price moved up...
SHFE aluminium price heightens by US$13/t; LME aluminium market stays closed on May 6
The Shanghai Futures Exchange (SHFE) aluminium benchmark price has inched up by US$13 per tonne or 0.45 per cent on May 7, halting at US$2,864 per tonne. Overnight, the most-traded SHFE 2406 aluminium contract opened at RMB 20,720 per tonne, with the highest and lowest prices at RMB 20,830 per...
LME aluminium benchmark price moves up by US$7/t; SHFE price opens the week with a growth of US$8/t
LME aluminium opened at US$2,530.5 per tonne in the previous trading day, with its high and low at US$2,572 per tonne and US$2,526 per tonne, respectively, before closing at US$2,551 per tonne, up US 12.5 per tonne or 0.49 per cent. On Friday, May 3, both LME aluminium cash bid price and LME...
LME aluminium benchmark price contracts by US$44.5/t; SHFE market remains closed for Labour Day Holiday
On Thursday, May 2, both LME aluminium cash bid price and LME aluminium official settlement price contracted by US$45 per tonne or 1.76 per cent and US$44.5 per tonne or 1.74 per cent to settle at US$2,509 per tonne and US$2,510 per tonne. As per the LME data, both 3-month bid price and 3-month...
LME calls for carbon emissions disclosure from aluminium producers by 2025
On May 1, 2024, the London Metals Exchange (LME) initiated a consultation process mandating aluminium brand producers, eligible for delivery under its contracts, to furnish carbon emissions data by March 2025. The objective is to synchronise the aluminium market with the stipulations of Europe's...
LME aluminium benchmark price loses 1.2% W-o-W, up US$9.5/t on May 1; SHFE aluminium market remains closed
The London Metal Exchange graph recorded fluctuating prices on May 1 with the LME aluminium cash bid price and the LME aluminium official price settling down at US$2,554 per tonne and US$2,554.50 per tonne having gathered US$9.50 per tonne or 0.37 per cent. The LME aluminium price has seen a...
LME aluminium price moves up to US$2,545/t; SHFE is closed for Labour Day Holiday
On Tuesday, April 30, both LME aluminium cash bid price and LME aluminium official settlement price moved up by US$8.5 per tonne or 0.33 per cent to settle at US$2,544.50 per tonne and US$2,545 per tonne. As per the LME price graph , 3-month bid price and 3-month offer price ascended by US$8.5 per...
LME aluminium price loses US$23/t to US$2,536.5/t; SHFE price drops by US$3/t
LME aluminium opened at US$2,567 per tonne in the previous trading day, with its high and low at US$2,595.5 per tonne and US$2,542.5 per tonne, respectively, before closing at US$2,588 per tonne, up US$27.5 per tonne or 1.07 per cent. On Monday, April 29, both LME aluminium cash bid price and LME...
LME benchmark aluminium price discards US$27/t; SHFE aluminium price gains US$21/t
LME aluminium opened at US$2,572.5 per tonne in the previous trading day, with its high and low at US$2,600.5 per tonne and US$2,555.5 per tonne respectively before closing at US$2,560.5 per tonne, down US$10.5 per tonne or 0.41 per cent. The London Metal Exchange graph on April 26, showed a...
Glencore’s aluminium purchase from Rusal valued at $1.06 billion in 2023
On Friday, April 26, Rusal said in its annual report that Glencore, a Swiss multinational commodity trading and mining company, bought aluminium from the Russian producer worth $1.06 billion in 2023 as part of a long-term contract. Glencore purchased Rusal’s aluminium, withstanding much pressure...
Primary aluminium weekly: LME’s sanctions on Russian metal might stabilise aluminium price, Alba fires Mitsubishi Power Gas Turbine at its (PS 5) Block 4 Project
From strategic partnerships to regulatory measures, the aluminium industry is navigating a landscape defined by innovation, sustainability, and geopolitical dynamics. The global aluminium sector stands at a crossroads, where innovation, collaboration, and regulatory diligence intersect to shape its...
LME aluminium benchmark price moves up by US$1/t; SHFE price gains US$20/t
LME aluminium opened at US$2,585 per tonne yesterday, with its high and low at US$2,612 per tonne and US$2,560.5 per tonne, respectively, before closing at US$2,571 per tonne, down US$13 per tonne or 0.5 per cent. On Thursday, April 25, both LME aluminium cash bid price and LME aluminium official...
LME clamps down on traders profiting from Russian aluminium amid sanction compliance
On April 24, 2024, the London Metal Exchange (LME) took action to prevent traders from exploiting rule changes by prohibiting taking Russian aluminium from its approved warehouses and returning it for profit. Earlier this month, the US and Britain prohibited the London Metal Exchange (LME) from...
LME benchmark aluminium price scores 9.8% Y-o-Y amidst global sanctions; SHFE adds US$25/t today
LME aluminium opened at US$2,580 per tonne in the previous trading day, with its high and low at US$2,614.50 per tonne and US$2,563 per tonne respectively before closing at US$2,584 per tonne, up US$8 per tonne or 0.31 per cent. The London Metal Exchange graph registered slow growth in aluminium...
India’s imported aluminium scrap prices experience weekly gains owing to upward trend in LME prices
This week, India's imported aluminium scrap market saw a notable uptick, buoyed by the positive trajectory of LME futures prices, which surged by $50 per tonne week-over-week (W-o-W) to hit $2600 per tonne. As of the latest report, the three-month LME price stood at approximately $2,600 per tonne,...
