Tag: LME aluminium backwardation
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LME Aluminium prices rise 27% y-o-y in 10MCY’26; Replacement supply expected to ease market pressure
Average LME stocks fall 26% y-o-y Cash-to-three-month spread shifts into backwardation in 10MCY’26 LME aluminium’s three-month benchmark price averaged $3,291/t in the first ten months of 2026, up 27% from $2,589/t in January-October 2025. The benchmark reached a four-year high in May-June as conflict in the Middle East disrupted supply and raised concerns over metal…