LIVE FUTURES 06/09: New highs for LME aluminium price on further supply issues, nickel down 1%

September 07, 2021 / www.metalbulletin.com / Article Link

Aluminium's three-month price set a new year-to-date high of $2,775.50 per tonne during early trading on Monday September 6, with political turmoil in Guinea - the world's top bauxite exporter - lending further supply-side support to the metal.

The metal's three-month price was $2,755 per tonne on Monday morning, a 1% rise on the previous Friday's closing price of $2,727 per tonne, with more than double copper's volumes at 6,400 lots traded by 9:30am. Aluminium was up 6.9% from one month before, when it was $2,578 per tonne.
Guinea's military staged a coup on Sunday September 5, claiming to have seized power after ousting long-standing president, Alpha Cond?(C). The coup leaders have declared the country's constitution invalid and closed the West African country's borders.

"The...

Recent News

Budgets shift to later phases and larger companies

March 03, 2025 / www.canadianminingreport.com

Gold stocks decline on metal and equities drop

March 03, 2025 / www.canadianminingreport.com

TSXV Mining's gold-driven outperformance

February 24, 2025 / www.canadianminingreport.com

Gold stocks dip, TSXV mining outperforms, tech bull shifts to China

February 24, 2025 / www.canadianminingreport.com

Producing gold still up after metal reversal, juniors down

February 17, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok