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Home / Metal News / LME Aluminium Hit a New High Since 2008 Driven by Military Conflicts between Russia and Ukraine

LME Aluminium Hit a New High Since 2008 Driven by Military Conflicts between Russia and Ukraine

Feb 24, 2022 14:16

Source:SMM

Russia started military operations against Ukraine today at noon, which pushed up aluminium futures prices significantly.

SHANGHAI, Feb 24 (SMM) – Russia started military operations against Ukraine today at noon, which pushed up aluminium futures prices significantly. The SHFE aluminium contract prices once rose by over 1% at noon. As of 13:40, SHFE aluminium went up 0.85% to 23,090 yuan/mt. LME aluminium kept rising by 2% and hit $3,388/mt, a record high since 2008.

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The most-traded SHFE 2204 aluminium contract opened overnight session at 21,800 yuan/mt, with the lowest and highest prices at 21,655 yuan/mt and 21,885 yuan/mt before closing at 21,730 yuan/mt, down 175 yuan/mt and up 0.8% than Monday.

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LME Aluminium Hit a New High Since 2008 Driven by Military Conflicts between Russia and Ukraine

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo

CLNB 2025 (10th) China International New Energy Industry Expo