LIVE FUTURES: Aluminium rises 5.3% in July to new year-to-date peak, tin at new all-time high

July 31, 2021 / www.metalbulletin.com / Article Link

Spurred on by supply tightness and steady demand, the aluminium three-month price on the London Metal Exchange rose to a new 2021 high of $2,642 per tonne on July 30, while tin and nickel's three-month price, also supported by strained fundamentals, rose over 10% in July.

Aluminium's price was up 5.3% on Friday from a closing price of $2,507.50 per tonne on July 1 and at its highest since April 2018. 
A range of bullish supply news affected aluminium this month, including the Russian government's export duty tax, which has taken premiums in the US to news highs and is keeping Rotterdam premiums on the rise, together with power cuts in the Yunnan province and floods in the Henan province, in China.

There have been outflows every day in the month of July for aluminium stocks on the LME, with the on-warrant amount at the...

Recent News

Silver inventories rebound in UK, output from major producers rises

December 15, 2025 / www.canadianminingreport.com

Silver's three-month outperformance continues

December 15, 2025 / www.canadianminingreport.com

Silver & Copper Supply Distortions Continue

December 08, 2025 / www.canadianminingreport.com

Gold stocks down in risk-on shift

December 08, 2025 / www.canadianminingreport.com

Gold stocks rocket on metal rebound and equities jump

December 01, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok