LME aluminum prices return to pre-conflict levels

The London Metal Exchange’s aluminum cash settlement has returned to levels last seen before the US-Iran conflict began in February. Meanwhile, exchange warehouse inventories have decreased by half, and the cash-to-three-month contango has narrowed substantially.

The LME aluminum cash settlement fell to $3,055 per metric ton on Oct. 12. Monday’s settlement is the lowest level since Feb. 13, when the settlement stood at $2,996 per metric ton.

Nicholas Bell

Nicholas brings over half a decade of experience covering metals markets, pricing trends, and supply chain dynamics. Prior to joining AMU, he reported on aluminum, high-temperature scrap, and ferro-alloy markets at Argus Media, with additional coverage of minor metals and rare earths. His work has built deep expertise in North American metals pricing and trade flows. A native of Houston, Nicholas holds a bachelor’s degree in Media Production and an MBA with a concentration in Finance, both from the University of Houston.