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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Africa-based Igun Metals attends the LME Week conference in London
Igun Metals , a green-tech metal trading and finance startup that uses marketplace and finance solutions to fuel waste metal recycling and green metal mining, is attending the LME Week conference in London. LME Week is London's yearly gathering of the global metals community. Representatives from...
Novelis Europe rules out Russian aluminium from metal supply tender 2024
At the London Metals Exchange industry gathering known as LME Week, Novelis Europe announced debarring Russian aluminium from its metal supply tender 2024. It is when the industry people – consumers, producers, and traders come together to buy and sell aluminium for 2024. Emilio Braghi, executive...
LME aluminium benchmark price drops to US$2,193/t; SHFE price ascends by US$9/t
Three-month LME aluminium opened at US$2237 per tonne last evening and closed at US$2247 per tonne, a US$7.5 per tonne rise or 0.33 per cent. On Monday, October 9, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$15 per tonne or 0.67 per cent to close at...
LME aluminium price recovers US$12.5/t to settle at US$2208/t; SHFE price resumes market with a 1.15% decline
The three-month LME aluminum opened at US$2,232 per tonne, with high and low at US$2,248 per tonne and US$2,222.50 per tonne, respectively, before closing at US$2,246 per tonne, up by $14 per tonne or 0.63 per cent. On Friday, October 6, the LME aluminium cash bid price rose by US$12 per tonne to...
Primary aluminium weekly: Speira announces closure of primary production at its Rheinwerk facility; Rio Tinto's Kitimat aluminium smelter begins production
Last week was a very exciting time for AL Circle with the rebranding experience in play. Overall, the aluminium industry, too, saw a few gut-wrenching events. A fire broke out at Rusal-owned Krasnoyarsk Aluminium Smelter on Wednesday. A transformer caught fire in a 50 square metre area. No...
LME aluminium price attains US$2300/t level in Sep'23 after over 3 months; short-term future looks bullish due to year-end restocking
The benchmark aluminium price on the London Metal Exchange in September 2023 recorded an increase of US$123.50 per tonne or 5.65 per cent to reach US$2,307.50 per tonne. The price started flaunting a steady growth towards the second half of the month compared to the initial days. After initiating...
LME aluminium benchmark price slumps by US$35.5/t to US$2,195.5/t; SHFE remains closed for Mid-Autumn Festival
On Thursday, October 5, both LME aluminium cash bid price and LME aluminium official settlement price slumped by US$35.5 per tonne or 1.59 per cent to halt at US$2,195 per tonne and US$2,195.50 per tonne. As per the London Metal Exchange (LME) graph , both 3-month bid price and 3-month offer price...
LME benchmark aluminium price negates US$26/t on October 4; SHFE records no activity due to the Mid-Autumn Festival
On October 4, the LME aluminium live price chart witnessed deescalating prices, with the LME aluminium cash bid price and the LME aluminium official price losing US$25.50 per tonne or 1.13 per cent and US$26 per tonne or 1.15 per cent, respectively, to officially close at US$2,230.50 per tonne and...
LME aluminium benchmark price drops to US$2,257/t; SHFE market remains closed for Mid-Autumn festival
On Tuesday, October 3, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$30 per tonne or 1.31 per cent and US$29.5 per tonne or 1.29 per cent to score at US$2,256 per tonne and US$2,257 per tonne. On the same day, the 3-month bid price and 3-month offer...
LME falls by 0.91% to US$2286.5/ after four days of consecutive rise; SHFE remains closed for Mid-Autumn Festival
The LME aluminium live price chart, on October 2, experienced falling prices, with the LME aluminium cash bid price and the LME aluminium official price losing US$21 per tonne or 0.91 per cent to officially close at US$2,286 per tonne and US$2,286.50 per tonne. The LME aluminium price nearing the...
LME aluminium benchmark price gains 3.4% to stand above US$2300/t; SHFE is closed for Mid-Autumn Festival
The LME aluminium benchmark price closed the week on Friday, September 29, with a leap of US$75.50 per tonne or 3.4 per cent. As per the data, the LME aluminium cash bid price and LME aluminium official settlement price stood at US$2,307 per tonne and US$2,307.50 per tonne, respectively. The...
LME weekly recap: LME aluminium benchmark price closed the week 6% higher; SHFE price grew after initial fluctuations
The LME aluminium benchmark price flaunted a steady growth this week after a drop on the first day. Both LME aluminium cash bid price and LME aluminium official settlement price decreased by 0.77 per cent on Monday, September 25, to stand at US$2,182 per tonne and US$2,182.50 per tonne. On...
LME aluminium benchmark price gains US$36/t to US$2,232/t; SHFE closed for Mid-Autumn Festival
LME aluminium opened at US$2,239.5 per tonne on Wednesday, with its high and low at US$2,246.5 per tonne and US$2,220 per tonne, respectively, before closing at US$2,237.5 per tonne, a decrease of US$3.5 per tonne or 0.16 per cent. On Thursday, September 28, the London Metal Exchange (LME) recorded...
LME benchmark aluminium price gains US$1/t on September 27, down 0.27% W-o-W; SHFE aluminium price soars by US$17/t
LME aluminium opened at US$2,239.5 per tonne on Wednesday, with its high and low at US$2,246.5 per tonne and US$2,220 per tonne respectively, before, closing at US$2,237.5 per tonne, a decrease of US$3.5 per tonne or 0.16 per cent. On September 27, the LME aluminium live price chart marked mixed...
LME aluminium price hikes by US$12.5/t to US$2,195/t; SHFE price grows to US$2,685/t
LME aluminium opened at US$2,249.5 per tonne on Tuesday, with its high and low at US$2,249.5 per tonne and US$2,222 per tonne, respectively, before closing at US$2,241 per tonne, an increase of US$7 per tonne or 0.31 per cent. On Tuesday, September 26, both LME aluminium cash bid price and LME...
LME aluminium benchmark price dumps US$17/t with M-o-M hike of 2.75%; SHFE aluminium price sheds US$10/t
LME aluminium opened at US$2,241.50 per tonne on Monday, with its high and low at US$2,241.50 per tonne and US$2,121.20 per tonne respectively before closing at US$2,234 per tonne, a decrease of US$17 per tonne or 0.76 per cent. On September 25, the LME aluminium live price chart witnessed...
LME aluminium price hikes by US$33/t owing to Indonesia’s bauxite export ban; SHFE price gains US$28/t
LME aluminium opened at US$2,222 per tonne last Friday and hit a high of US$2,250.5 per tonne before closing at US$2,250.5 per tonne, an increase of US$28.5 per tonne or 1.29 per cent. One of the main reasons for the price hike can be attributed to Indonesia's potential export ban on bauxite, which...
LME benchmark aluminium price discards US$35.5/t; SHFE aluminium price sheds US$6/t
LME aluminium opened at US$2,248 per tonne on Thursday, then reached its high at US$2248.5 per tonne and finally closed at US$2,222 per tonne, a decrease of US$32 per tonne or 1.42 per cent. On September 21, the LME aluminium live price chart experienced decreasing aluminium rates, with the LME...
