- Trade uncertainty dampens investor confidence
- Prices may remain under pressure in near term
London Metal Exchange (LME) aluminium prices stood range-bound during Week 32 of CY’25 (4-8 Aug 2025).
LME aluminium stockpiles rose, putting downward pressure on prices. This contributed to a more bearish market sentiment, with the modest inventory build-up amplifying concerns already fuelled by global trade uncertainties.
Investor confidence weakened as a result, prompting market participants to adopt a cautious stance while they awaited clearer macroeconomic signals to gauge the direction of future price movements.
Price performance, inventory trends
LME aluminium prices hovered around $2,592/t in Week 32, marking a 0.2% decrease from Week 31 (28-01 August). Prices opened lower during the start of the week, ranging at 2,570/t levels, but gradually gained strength towards the end of the week, settling around $2,610/t.
Meanwhile, aluminium stocks at registered warehouses saw inflows rise by 2%, to 467,550 t in Week 32 from 458,910 t in Week 31.
Outlook
Looking ahead, aluminium prices may remain under pressure if inventories continue to rise and trade tensions persist. However, any positive macroeconomic developments or supply disruptions could offer limited upside support in the near term.
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