LME price reverses rally as world aluminum demand contracts further
SHFE aluminum prices fall after facing technical resistance.
LME nearby contango widens to $50 while LME price falls by $50 per mton on growing surplus
LME price falls to two-week lows as demand contraction expected to linger.
SUPPLY MOMENTUM WILL WEAKEN. World aluminum output hits record, expansion ahead to weaken
World primary aluminum production ended Q3 2025 at a new record run rate amid higher output in Europe and Iran.
LME price down from 42-month high on short-term concerns
In April, HARBOR anticipated that LME prices would rally to the $2,700-2,750 per mton zone before the end of 2025, and they did.
LME rallies above $2,900 per mton
HARBOR continues to expect firmer US and world demand, tighter market conditions and higher LME prices in Q4 2025 and 2026.
LME price approaching the $3,000 zone; MW at fresh record-highs
HARBOR continues to expect firmer US and world demand, tighter market conditions and higher LME prices in Q4 2025 and 2026.
LME price reaches fresh 42-month highs; Trump terminates Canada trade negotiations after “fake” ad
We have upgraded our LME price base forecast, as discussed in more detail in our Aluminum Price Outlook Report issued last week.
DOOR OPENS: LME now targeting $… per mton zone
HARBOR sees LME prices targeting the $… per mton zone and higher levels as soon as anytime this quarter.
Door to $… per mton zone could open soon
Prices climbed today with firm trading volumes, supported by news of a primary aluminum production disruption in Iceland.