Aluminum Price Rise Cycle Just Begins

Published: Aug 28, 2017 11:36 (GMT+8)

Save

While aluminum prices corrected down recently, the correction is reasonable following big price gains, according to a report issued by Nonferrous Metals Research Team of Huatai Securities on August 28

SHANGHAI, Aug. 28 (SMM) – While aluminum prices corrected down recently, the correction is reasonable following big price gains, according to a report issued by Nonferrous Metals Research Team of Huatai Securities on August 28.

Bulls Watch Out: Aluminum Stocks in China Exceed 1.5 Million Tonnes, SMM Warns

Aluminum price rise cycle has just started. Spot aluminum prices reached 16,300 yuan/tonne on August 24 and look set to rise further to 18,000 yuan/tonne or even 20,000 yuan/tonne later this year.

SMM Analysis of Air Pollution Comprehensive Treatment Action Program in Beijing-Tianjin-Hebei and Surrounding Regions during Autumn and Winter 2017-2018

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

aluminum prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

18 hours ago

[SMM Flash News] South32 Revised Q4 '26 CIF MJP Premium Offer at US$265/mt

Market sources report: South32 revised Q4 '26 CIF MJP Premium Offer at US$265/mt, down from US$325/mt. Validity 5 October 2026.

18 hours ago

Oct 01, 2026 17:48 (GMT+8)

India ADC 12 Holds Firm as LME Aluminium Falls; Tight Scrap Supply Limits Downside

India ADC 12 prices remained relatively resilient despite a 1.2% decline in LME aluminium 3-month prices between September 24 and 30.

Oct 01, 2026 17:48 (GMT+8)

Oct 01, 2026 17:09 (GMT+8)

Rio Tinto Secures Bell Bay Smelter Operations Through End-2031

Rio Tinto announced on October 1 that it had reached agreements with the Tasmanian Government, the Australian Commonwealth Government and Hydro Tasmania to extend electricity supply to the Bell Bay aluminium smelter through the end of 2031. The two governments will also provide a combined A$200 million support package over five years, contributing A$100 million each. Commercial terms of the power agreement were not disclosed. Bell Bay produces around 190,000 tonnes of primary aluminium annually, while its existing electricity contract was due to expire at the end of 2026. The agreement removes the smelter’s immediate operational uncertainty. Bell Bay is the third major Australian aluminium smelter to receive government-backed support in 2026, following Boyne and Tomago, highlighting continued pressure from high electricity costs and international competition.

Oct 01, 2026 17:09 (GMT+8)