Tag: Middle East aluminium smelters

Supply-side recovery expectations limit aluminium prices w-o-w despite geopolitical uncertainty

Oct 17, 2026

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by

Rahul Kumar Sahu

in Aluminium, Non Ferrous

Stronger dollar and yields pressured prices Weak Chinese demand limited consumption-led support LME three-month aluminium prices declined by $80/t, or 3% w-o-w, to $3,024/t from $3,104/t in the week ended 16 October, reflecting continued weakness in the global aluminium market. Meanwhile, LME aluminium inventories declined by 850 t, or 0.4% w-o-w, to 238,325 t from…