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Aluminium is a core material in the global metals market, from electronics to automobiles. The growing need to transition to a more sustainable future has placed aluminium near the top of the metals market food chain because of its strength, recyclability and lighter weight.
Aluminium prices fluctuate with volatile market conditions. However, the continued shift toward light weighting in electric vehicles and China’s reopening after three years of strict Covid-19 restrictions are helping to increase demand for this sought-after material.
Whether in packaging, construction or electrical equipment, aluminium is being used more and more because of its strength, resistance to corrosion, recyclability and ability to act as a conductor. We provide prices, news and analysis of aluminium so you can keep up to date with the market’s movements.
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Base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were for the most part stronger this morning, Friday May 7, as were broader markets.
The Coalition of American Metal Manufacturers and Users (Cammu), along with more than 300 US manufacturing businesses, asked US President Joe Biden to immediately terminate the Section 232 steel and aluminium tariffs in a letter dated Thursday May 6.
Base metals prices on the London Metal Exchange were a bit more mixed this morning, Thursday May 6, while the return of trading on the Shanghai Futures Exchange after the Labor Day holidays saw good gains in all metals apart from zinc.
Liberty Steel Group is reshuffling its board to bring in four additional roles including a chief restructuring officer, the company said on Wednesday May 5.
With Chinese markets closed, volume traded on the London Metal Exchange has been light this morning, Tuesday May 4, with 2,368 lots traded as of 6.14am. But the base metals were holding up in high ground with gains averaging 0.7%, led by a 1.1% rise in copper to $9,916.50 per tonne.
Base metals prices on the London Metal Exchange were higher across the board during morning trading on Thursday April 29, supported by a weaker dollar and bullish sentiment.
Keep up with critical developments affecting the aluminium and base metals markets by visiting our dedicated market, forecast and price pages
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