LME price reverses rally as world aluminum demand contracts further
SHFE aluminum prices fall after facing technical resistance.
LME nearby contango widens to $50 while LME price falls by $50 per mton on growing surplus
LME price falls to two-week lows as demand contraction expected to linger.
LME price climbs to three-week highs; LME Cash-3M contango narrows
LME prices remain in a medium-term downward trend, now targeting the $… per mton zone. Prices fell in early July to a fresh nine-month low of…
PRODUCTION GROWTH DOUBLING. World Primary Aluminum Production Growth Pace to Double in H2 2023
World primary aluminum production growth rate is set to accelerate in 2H ‘23 toward 2.8% y/y, up from an estimated expansionary pace of…
IN CORRECTION MODE… AS HARBOR ANTICIPATED. Aluminum’s Industry Landscape & Price Outlook 2023-24
Aluminum’s Industry Landscape & Price Outlook 2023-24
LME prices fall as range trading continues
Prices increased with thin trading volume during the second half of today’s session, reversing most of yesterday’s drop amid mounting concerns about the Russia-Ukraine war
LME price rebounds as range-trading mode continues
Prices increased with thin trading volume during the second half of today’s session, reversing most of yesterday’s drop amid mounting concerns about the Russia-Ukraine war
LME price falls 2% as key cyclical resistance zone holds
Aluminum prices underperformed the industrial commodities complex today as market participants took profits from Friday’s 5.5% rally after China announced it will cancel the 13% VAT rebate on exports of aluminum flat rolled products and extrusions.
China cancels export rebates on aluminum products; LME spikes to upper end of trading range
Effective December 1, 2024, China will cancel the 13% VAT rebate (approx $… per mton) on exports of aluminum flat rolled products and aluminum extruded products