On Tuesday, October 17, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$13 per tonne or 0.60 per cent to close at US$2,148 per tonne and US$2,148.50 per tonne.
As per the London Metal Exchange (LME) data, both 3-month bid price and 3-month offer price slipped by US$21 per tonne or 0.95 per cent to clock at US$ 2,170 per tonne and US$2,170.50 per tonne.
December 24 bid price and December 24 offer price fell by US$18 per tonne or 0.77 per cent to rest at US$2,297 per tonne and US$2,302 per tonne. LME aluminium opening stock closed at 484600 tonnes. Live warrants and Cancelled warrants settled at 193350 tonnes and 193350 tonnes.
LME aluminium 3-month Asian Reference Price also slipped by US$32.21 per tonne or 1.46 per cent to peg at US$2,171.50 per tonne.
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
