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

Published: Feb 24, 2022 14:16

Source: SMM

Save

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.

Russia Ukraine aluminium 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 to learn 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

54 mins ago

Danantara Begins $5.8B Aluminum Smelter Project in West Kalimantan

[SMM Aluminum Express News] Danantara officially began construction on a major aluminum smelter and alumina refinery (SGAR) in Mempawah, West Kalimantan, on February 6, 2026. The total investment is Rp 87.7 trillion. The project, managed by Inalum and Antam, will have a 1-million-ton annual capacity.

54 mins ago

18 hours ago

2026 Arrangements for Secondary Aluminum Alloy Enterprises During Chinese New Year Break [SMM Analysis]

[SMM Analysis]2026 Arrangements for Secondary Aluminum Alloy Enterprises During Chinese New Year Break [SMM Analysis]

18 hours ago

19 hours ago

Costs Drag Down Supply-Demand Pressure, Aluminum Auxiliary Material Prices Under Pressure and Weaken [SMM Analysis]

19 hours ago