Lme
Gulf production recovery falters, China steps up as OCBC raises aluminium forecast to $3,150
OCBC has raised its end-2026 aluminium price forecast to about USD 3,150 per tonne from USD 3,050, citing a slower-than-expected recovery in Gulf production, although strong Chinese output is expected to continue offsetting supply disruptions. Three-month aluminium on the London Metal Exchange (LME) fell 0.9 per cent month-on-month in September to USD 3,214 per tonne as of September 29, remaining 2 per cent above OCBC’s third-quarter forecast of USD 3,150. The cash-to-three-month spread was broadly unchanged at a USD 7.40-per-tonne contango, compared with USD 7.60 at the end of August. The spread suggests limited urgency for immediate metal supply despite a continued decline in global exchange inventories. Gulf aluminium recovery loses momentum OCBC said aluminium production across the...
LME aluminium offer price eases 0.34% to $3,109.5/t at October start as stocks dip to 240,625t
LME aluminium prices softened on October 2 compared with the previous trading day, with cash and three-month prices recording modest declines. LME aluminium stocks also edged lower, while live warrants remained unchanged and cancelled warrants decreased. The LME aluminium cash bid price stood at USD 3,109 per tonne on October 2, down from USD 3,119.5 per tonne on October 1, marking a decline of 0.34 per cent. The cash offer price fell to USD 3,109.5 per tonne from USD 3,120 per tonne, down 0.34 per cent. The LME aluminium 3-month bid price declined to USD 3,121.5 per tonne on October 2 from USD 3,130 per tonne on October 1, a decrease of 0.27 per cent. The corresponding offer price fell to USD 3,122 per tonne from USD 3,131 per tonne, down 0.29 per cent. Explore- Most comprehensive and...
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A report that reveals where the aluminium casting industry is heading and how businesses can act.
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A report that reveals where the aluminium casting industry is heading and how businesses can act.
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Aluminium prices retreat as bulls reduce positions before the holiday; aluminium under pressure amid risks of post-holiday inventory buildup and weakening demand
The US September consumer confidence index plunged 6.7 points to 81.9, the lowest since 2014 and deteriorating across the board. The University of Michigan survey showed consumers' assessments of their current financial situation and that one year ahead both fell about 10 per cent, with high-price concerns continuing to brew. Inflation pressure showed no signs of easing. US Fed Governor Cook said AI demand growth, rising oil prices, and supply chain disruptions from Middle East conflicts would keep inflation under pressure, but gave no clear guidance on rate hikes. CME data showed the market-implied probability of a 25 bp rate hike in October had risen to 70.9 per cent, and the probability of a cumulative 50 bp hike by December reached 58.7 per cent. Tightening expectations strengthened...
LME aluminium price drops 2.62% as stocks remain stable at 241,375t on October 1
The London Metal Exchange (LME) aluminium price graph dropped further in the October 1 trading session, reporting major declines of 2 per cent and above across the pricing and contract segments. Stocks in the aluminium inventory remained stable for three consecutive days. The LME aluminium cash price dipped by 2.6 per cent from USD 3,203 per tonne to USD 3,119.5 per tonne. The offer price moved from USD 3,204 per tonne to USD 3,120 per tonne, representing a slightly higher 2.62 per cent plunge. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid slumped from USD 3,208 per tonne to USD 3,130 per tonne, decreasing by 2.43 per cent. The offer...
Aluminium falls 0.73% in India as supply recovery, China exports and stronger dollar pressure prices
Aluminium prices came under renewed pressure on October 1 as expectations of improving supply, stronger Chinese exports and a firmer USD weighed on the market. Aluminium settled 0.73 per cent lower at INR 340.65, while expectations of tighter US monetary policy added to the broader macroeconomic pressure. The decline comes as several aluminium smelters prepare to restart previously idled capacity, while others move ahead with expansion plans. These developments are raising expectations that global aluminium availability could improve in the coming months. China exports add to supply pressure China is emerging as another important factor for the aluminium market. Rising exports are partly offsetting supply disruptions in the Gulf, with August aluminium exports increasing 17.2 per cent...
LME aluminium cash bid drops $22 to $3,203 as Asian reference price falls 1.38%
LME aluminium prices extended their decline on September 30, with cash and futures contracts moving lower. The Asian Reference Price also fell, while LME stocks remained broadly unchanged. Alumina Platts prices, however, rose sharply. The cash bid fell 0.68 per cent to USD 3,203 per tonne from USD 3,225 per tonne previously , while the cash offer declined 0.67 per cent to USD 3,204 per tonne from USD 3,225.50 per tonne. Three-month aluminium prices also weakened, with the bid down 0.71 per cent at USD 3,208 per tonne from USD 3,231 per tonne. The offer slipped 0.68 per cent to USD 3,210 per tonne from USD 3,232 per tonne. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade...
LME aluminium price drops nearly 1%; stocks hold firm at 241,375t on September 29
The London Metal Exchange (LME) aluminium price graph continues to drop nearly 1 per cent across the pricing and contract segments in the September 29 trading session, reporting declines over the September 28 close . Opening stocks hold firm and cancelled warrants report a rise. The LME aluminium cash bid and offer prices dipped by 0.71 per cent day-on-day. The bid contracted from USD 3,248 per tonne to USD 3,225 per tonne. The offer price moved from USD 3,248.5 per tonne to USD 3,225.5 per tonne. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid slumped from USD 3,251.5 per tonne to USD 3,231 per tonne, decreasing by 0.63 per cent. The...
“We would not describe Europe as undergoing a uniform deindustrialisation”: Norbert Bürger on Europe’s aluminium industry
Norbert Bürger brings more than 30 years of experience in the global aluminium industry, with a career spanning Austria, Germany, Hungary, Japan and the United States. His expertise covers aluminium rolling and extrusion, plant management, sales, strategy, investments and M&A, with senior roles at AMAG, Pankl and Alcoa. Today, Bürger is a founding partner of Lightmet Consulting, a Vienna-based independent consultancy focused on the aluminium industry. Led by Bürger and Markus Plakolm, Lightmet brings together eight senior partners with technical, operational and commercial expertise across the aluminium value chain. The firm advises aluminium companies on strategy, operational excellence, investment projects, feasibility studies, M&A, recycling, sustainability and digitalisation. In this...
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