The LME aluminium live price chart, on November 24, witnessed an overall slump in aluminium prices, with the LME aluminium cash bid price and the LME aluminium official price de-escalating by US$3.50 per tonne or 0.16 per cent and US$4 per tonne or 0.18 per cent to officially close at US$2,178.50 per tonne and US$2,179 per tonne.
If the aluminium price on October 24, this year, is taken into account, we can find a Month-on-Month increase of US$32.50 per tonne or 1.51 per cent from US$2,146.50 per tonne.
London Metal Exchange graph displayed that the 3-month bid price and the 3-month offer price negated US$4 per tonne or 0.18 per cent to park at US$2,216 per tonne and US$2,217 per tonne, respectively.
The December 24 bid price and the December 24 offer price shed US$5 per tonne or 0.21 per cent, reaching the mark of US$2,337 per tonne and US$2,342 per tonne.
LME aluminium opening stock witnessed a plunge of 2,425 tonnes or 0.51 per cent, arriving at 473,875 tonnes. Live warrants stood at 201,525 tonnes with no measurable changes at all. Cancelled warrants halted at 272,350 tonnes, losing 2,425 tonnes or 0.88 per cent.
LME aluminium 3-month Asian Reference Price stopped at US$2,223.95 per tonne, down US$2.05 per tonne or 0.09 per cent.
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
