The LME aluminium live price chart, on November 9 marked an overall slump in aluminium prices, with the LME aluminium cash bid price and the LME aluminium official price dropping US$31 per tonne or 1.37 per cent and US$30.50 per tonne or 1.35 per cent to officially close at US$2,227 per tonne and US$2,228 per tonne.
London Metal Exchange graph displayed that the 3-month bid price and the 3-month offer price tumbled by US$37 per tonne or 1.63 per cent and US$37.50 per tonne or 1.65 per cent to stop at US$2,236 per tonne and US$2,236.50 per tonne, respectively.
The December 24 bid price and the December 24 offer price have dived by US$35 per tonne or 1.46 per cent, settling at US$2,348 per tonne and US$2,353 per tonne.
LME aluminium opening stock experienced a plunge of 2,500 tonnes or 0.54 per cent, arriving at 459,100 tonnes. Live warrants stood at 203,800 tonnes, with no recorded alteration. Cancelled warrants halted at 255,300 tonnes, shedding 2,500 tonnes or 0.97 per cent.
LME aluminium 3-month Asian Reference Price stopped at US$2,250 per tonne, down US$21.50 per tonne or 0.95 per cent.
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
