Aluminum, Copper Prices Hit Multi-Year Highs; Downstream Demand Sluggish

Published: Jan 5, 2026 18:05

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[SMM Aluminum Alloy Express] Aluminum and copper prices continued their strong performance today, reaching new multi-year highs. Among them, the SMM A00 aluminum price surged by 850 yuan/mt to 23,310 yuan/mt, driving up the cost of recycled aluminum raw materials. The SMM ADC12 price followed with an increase of 650 yuan/mt to 23,100 yuan/mt. As the market resumed after the holiday, downstream demand remained sluggish in the face of a sharp spike in raw material prices. Die-casting enterprises, squeezed by both reduced orders and high raw material costs, adopted a cautious purchasing approach, with strong risk aversion sentiment prevailing. Most companies focused on restocking for immediate needs, resulting in sluggish market trading activity.

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