Aluminum Supply Tightens as LME Inventories Hit Lowest Levels Since 1990
Aluminum supply conditions on the London Metal Exchange (LME) have reached their most constrained state in decades. Available inventories have plummeted to levels not seen since 1990, creating a significant squeeze for buyers seeking immediate metal delivery. The market tightness is further exacerbated by high concentration among suppliers, with two traders reportedly controlling much of the available metal supply. This scarcity has driven spot aluminum prices to surge, commanding a $151-per-ton premium over base prices.
Topics: Aluminum Commodity Pricing LME Inventories Metal Supply Shortage
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Part of the story Aluminum prices face historic squeeze as London Exchange inventories plunge (2 articles)