PODCAST: Aluminium prices see sharp gains but has the physical market caught up?

Aluminium prices on the London Metal Exchange and Shanghai Futures Exchange have seen steep gains this month on the back of promises from the Chinese government of maintaining a 6.5% growth rate over the next five years and assurances that market forces will be allowed to have a greater say in the shaping of the economy.

Aluminium prices on the London Metal Exchange and Shanghai Futures Exchange have seen steep gains this month on the back of promises from the Chinese government of maintaining a 6.5% growth rate over the next five years and assurances that market forces will be allowed to have a greater say in the shaping of the economy.

Producers in China and elsewhere have been quick to respond to price gains but as we noted earlier this week, the Asian aluminium capacity restarts seem to have jumped the gun on physical demand.

There are some bright spots for domestic Chinese demand but physical premiums in Asia remain subdued.

Metal Bulletin’s Linda Lin and Deepali Sharma discuss the developments in this podcast.

Please click the start button on the bar to launch the podcast.

{BrightcoveVideo}

What to read next
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
Electrolysis processes developed by Boston Metal and Electra that eliminate the need for coal in steel production could be key to a net-zero emissions future for the metallics industry, attendees learned at Fastmarkets’ conference on January 17-19 in Dallas
Low supply, strong demand to spur scrap prices higher in Feb, market says
US deep-sea ferrous export prices from the East Coast to Turkey have plateaued, with a Turkish mill purchasing a cargo at prices stable from the last-reported sale
The current shortage of some higher purity grades of aluminium, such as P0610, and the robust demand for units should maintain the higher differential to prices for P1020-grade aluminium, market sources told Fastmarkets on Monday January 30
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed