3-Month Price of Aluminum Sees Small Jump

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At $1,975 per metric ton, the LME aluminum 3-month price moved up 1.8 percent on Sept. 7, 2012 on the MetalMiner IndX℠, making it the day’s biggest mover. Also on the LME, the primary aluminum cash price inched up 1.8 percent to $1,962 per metric ton.

The Indian aluminum cash price has been on the rise for seven days and is just below $2.00 per kilogram.

Chinese aluminum closed mixed last Friday. Chinese aluminum billet finished the day down 0.3 percent, while the Chinese aluminum cash price saw a 0.2 percent decline. For the fifth day in a row, the price of Chinese aluminum scrap remained essentially flat, and the price of Chinese aluminum bar was unchanged, remaining above $2,200 per metric ton.

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