Industry News

Aluminum & zinc prices driven by Russia-Ukraine tensions & unchanged US interest rates

Views : 191
Update time : 2022-01-27 18:39:48
Due to the unchanged US interest rates and tensions between Russia and Ukraine, the international aluminum and zinc prices were pushed up yesterday (January 26).

Among them, the aluminum price has risen for two consecutive days, closing at US$3,094/ton, which hit a seven-year high.

The zinc price also surged by US$37.5 to US$3,610/ton, a new high in 13 years. Due to the COVID-19 epidemic in China, transportation was blocked, which led to the late arrival of zinc ingots to the downstream industry. Coupled with a sharp decrease in LME zinc inventories yesterday, down by 2,375 tons to 157,550 tons, the zinc price was driven accordingly.
Related News
Read More >>
Enhancing the durability of aluminium profiles with Alborz Pasargad’s nanostructured coatings Enhancing the durability of aluminium profiles with Alborz Pasargad’s nanostructured coatings
May .29.2025
Enhancing the durability of aluminium profiles with Alborz Pasargad’s nanostructured coatings
NASA’s supersonic aircraft clears ‘aluminium bird’ testing, setting up the runway for its first flight NASA’s supersonic aircraft clears ‘aluminium bird’ testing, setting up the runway for its first flight
May .29.2025
NASA’s supersonic aircraft clears ‘aluminium bird’ testing, setting up the runway for its first flight
GAC’s 2Mt bauxite pile-up in Guinea: What built it, what’s blocking it, and what could break the deadlock GAC’s 2Mt bauxite pile-up in Guinea: What built it, what’s blocking it, and what could break the deadlock
May .29.2025
GAC’s 2Mt bauxite pile-up in Guinea: What built it, what’s blocking it, and what could break the deadlock
Russia’s largest aluminium foil mill eyes 12% output growth following investment from RUSAL Russia’s largest aluminium foil mill eyes 12% output growth following investment from RUSAL
May .29.2025
Russia’s largest aluminium foil mill eyes 12% output growth following investment from RUSAL