LIVE FUTURES 24/08: Aluminium price close to year-high, zinc up 3%

August 25, 2021 / www.metalbulletin.com / Article Link

Aluminium's three-month price on the London Metal Exchange, backed by a constrained physical market, was just $5.50 per tonne short of its latest year-to-date high on Tuesday August 24, with nickel and zinc also climbing back above key psychological levels while most commodities and equities ticked upward.

Aluminium's futures contract showed an intraday high of $2,636.50 per tonne on Tuesday, just shy of the 2021 peak of $2,642 per tonne from July 30.
The metal's price closed at $2,615 per tonne, up by $13 per tonne from Monday's closing price, while its benchmark cash/three-month spread remained in a tight backwardation, last heard at $14 per tonne, albeit easing from $20.50 per tonne.

"One of the main factors that is causing tightness in the market is very strong, buoyant...

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok