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 dwindles by US$69/t; SHFE price drops to US$2,780/t
LME aluminium opened at US$2,661.5 per tonne yesterday, with its high and low at US$2,669.5 per tonne and US$2,562.5 per tonne, respectively, before closing at US$2,576 per tonne, down US$82 per tonne or 3.09 per cent. On Tuesday, April 23, both LME aluminium cash bid price and LME aluminium...
LME benchmark aluminium price skips 18.14% upward M-o-M; SHFE loses US$35/t today
The London Metal Exchange graph registered growth in aluminium prices on April 22, with the LME aluminium cash bid and the LME aluminium official price gaining US$8 per tonne or 0.3 per cent and US$8.50 per tonne or 0.32 per cent to close at US$2,653 per tonne and US$2,654 per tonne, respectively....
LME aluminium price sets for 6th weekly gain; SHFE price grows to US$2,845/t
LME aluminium opened at US$2,610 per tonne in the previous trading day, with its high and low at US$2,684 per tonne and US$2,608.5 per tonne, respectively, before closing at US$2,660.5 per tonne, up US$50.5 per tonne or 1.93 per cent. On Friday, April 19, most non-ferrous metals, notably the LME...
Primary weekly recap: US levies 7.5% tariff on Chinese aluminium and steel imports while LME bans Russian aluminium produced on or after April 13
This week, significant shifts reshaped the primary aluminium sector. The Biden administration's decision to triple tariffs on Chinese aluminium and steel imports aims to curb overproduction and level the playing field for American metal industries. Supported by the Aluminum Association, this move...
Concerns over Russian metal supply augment LME aluminium prices; SHFE ascends by US$20/t
LME aluminium opened at US$2,570 per tonne in the previous trading day, with its high and low at US$2,620 per tonne and US$2,561.50 per tonne respectively before closing at US$2,610 per tonne, up US$23 per tonne or 0.89 per cent. The London Metal Exchange graph registered ascending prices on April...
Sanctions on Russian metal continue to drive LME aluminium prices; SHFE price gains US$5/t
LME aluminium opened at US$2,550 per tonne in the previous trading day, with its high and low at US$2,597 per tonne and US$2,549 per tonne, respectively, before closing at US$2,570 per tonne, up US$10.5 per tonne or 0.41 per cent. LME aluminium prices witnessed a notable growth yesterday, propelled...
LME aluminium benchmark price drops to US$2,512/t; SHFE price descends by US$19/t
LME aluminium opened at US$2,555 per tonne in the previous trading day, with its high and low at US$2,569 per tonne and US$2,517 per tonne, respectively, before closing at US$2,559.5 per tonne, up US$11 per tonne or 0.43 per cent. On Tuesday, April 16, both LME aluminium cash bid price and LME...
LME bans Russian aluminium produced on or after April 13
The London Metal Exchange (LME) announced it would rule out stocking Russian aluminium produced on or after April 13 in its warehouses in accordance with the latest sanctions packages instigated by the US and British governments. The sanctions are designed to restrict Russian aluminium, copper, and...
Alcoa sees bullish momentum with 3% jump following Russian metal sanctions
On April 15, the stock price of aluminium giant Alcoa soared by over 3 per cent, buoyed by a surge in aluminium prices. The uptick followed a joint announcement from the US and UK regarding fresh sanctions targeting Russian metals to keep Moscow under pressure for the Ukraine-Russia geopolitical...
LME aluminium price soars by US$77.5/t amidst fresh sanctions against Russian metal; SHFE price shrinks by US$61/t
LME aluminum opened at US$2,550 per tonne on April 15, with high and low at US$2,728 per tonne and US$2,535 per tonne, respectively, before closing at US$2,548.50 per tonne, up US$63.50 per tonne or 2.55 per cent. The LME aluminium benchmark price shot up over the weekend, marking a second...
RUSAL’s statement regarding US, UK actions against Russian aluminium
RUSAL, one of the world's largest aluminium producers, notes that the actions on the Russian metals recently introduced by the US and the UK governments and subsequent Notice issued by LME to its members on April 13, 2024, do not amount to any type of sanctions or delisting of any RUSAL's brands...
LME aluminium benchmark price hikes by US$32.5/t; SHFE price expands by US$43/t following the freshly imposed sanctions
LME aluminium opened at US$2,457.5 per tonne last Friday, with its high and low at US$2,512 per tonne and US$2,454 per tonne, respectively, before closing at US$2,478.5 per tonne, up US$22.5 per tonne or 0.92 per cent. On Friday, April 12, both LME aluminium cash bid price and LME aluminium...
Geopolitical pressure prompts CME to restrict Russian aluminium
On April 14, 2024, CME Group announced that it had suspended aluminium produced in Russia from its platform starting April 13, 2024. This decision follows new sanctions imposed by the United States and Britain on Russia due to the geopolitical crisis with Ukraine. On April 12, 2024, the US Treasury...
Primary aluminium weekly: Bold Baatar assumes CCO role at Rio Tinto amidst strategic transition and global economic uncertainty
Rio Tinto has announced the appointment of Bold Baatar as Chief Commercial Officer, succeeding Alf Barrios, who is set to retire. The Red Sea ship attacks have led to global shipping companies rerouting via the Cape of Good Hope, disrupting European automotive production reliant on Asian imports....
US and UK tighten grip on Russian metal trade
The US and UK have implemented fresh limitations on trading Russian aluminium, copper, and nickel, causing ripples throughout global metal markets, as reported by Bloomberg. New regulations have been imposed, barring the delivery of fresh supplies from Russia to the London Metal Exchange (LME) and...
LME benchmark aluminium price dives by US$18/t to US$2410.5/t; SHFE adds US$26/t
LME aluminium opened at US$2,463 per tonne in the previous trading day, with its high and low at US$2,482 per tonne and US$2,443 per tonne respectively before closing at US$2,457 per tonne, down US$14 per tonne or 0.57 per cent. The London Metal Exchange graph registered descending prices on April...
Base metal prices on LME followed an upward trajectory buoyed by stock outflow
On Monday, April 8th, base metal prices on the London Metal Exchange (LME) followed an upward trajectory, buoyed by optimistic macroeconomic news from the US that exceeded expectations on the preceding Friday. Simultaneously, LME warehouse inventories saw decreases. Three-month futures for...
LME aluminium benchmark price hikes to US$2,428.5/t; SHFE price ascends by US$9/t
LME aluminium opened at US$2,459.5 per tonne in the previous trading day, with its high and low at US$2,494 per tonne and US$2,437 per tonne, respectively, before closing at US$2,471 per tonne, an increase of US$12.5 per tonne or 0.51 per cent. On Wednesday, April 10, both LME aluminium cash bid...
