February 23, 2025
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Tag: aluminum prices

Aluminum prices rise as Europe bans Russian metal imports

Mahalakshmi@fastura.com01 mins

Aluminum prices rose 1.1% to ₹252.55 on supply concerns and EU sanctions on Russian aluminum imports.Also, aluminum stocks in LME-registered warehouses have fallen 45% since May 2024, totaling just 619,375 tonnes. More than 60% of canceled warrants indicate that more aluminum could leave LME warehouses in the coming weeks, significantly reducing supply. This supply reduction…

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aluminum

LON:RIO Aluminum prices fell after force majeure on alumina exports from Australian refineries lifted

Mahalakshmi@fastura.com01 mins

Rio Tinto (LON:RIO) lifted force majeure on alumina exports from Australian refineries and eased supply constraints, sending aluminum prices down 0.04% to ₹241.75. RUSAL announced a phased reduction in aluminum production by 250,000 tonnes due to record-high alumina costs that have risen to nearly $700/tonne by early 2024. China, the world’s largest aluminum producer, has…

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