Cash Price of Aluminum on the LME Drifts Lower

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The cash price of primary aluminum experienced the biggest price decline of the day, dropping 0.8 percent on the LME to close at $1,721 per metric ton on Thursday, November 28. The aluminum 3-month price weakened by 0.8 percent on the LME, settling at $1,767 per metric ton. The Indian aluminum cash price rose 0.5 percent.

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Chinese aluminum closed mixed yesterday. The Chinese aluminum cash price saw a 0.3 percent decline. The price of Chinese aluminum scrap continues to hover for the fifth day in a row. The price of Chinese aluminum billet remained steady. The price of Chinese aluminum bar was unchanged.

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