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Aluminium nears USD 2,903/t on LME — signs of a stronger market ahead

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Update time : 2025-11-04 15:29:55
The start of the week reflected an enhanced London Metal Exchange (LME) aluminium price, where cash, 3-month contract, and forward contract also rose significantly. However, a slight decline has been seen in the opening stock & cancelled warrants. 

LME cash bid grew by USD 17.5 per tonne or 0.60 per cent to finally settle at USD 2,902 per tonne, up from USD 2,884.5 per tonne. Concurrently, the LME cash offer settlement also widened by USD 18 per tonne or 0.62 per cent and is at USD 2,903 per tonne, up from USD 2,885 per tonne. 

The three-month contract also firmed, with the bid rising by USD 26.5 per tonne or 1.21 per cent to USD 2,906.5 per tonne and the offer up by USD 25 per tonne or 1.26 per cent to USD 2,907 per tonne.

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