New York Fed President: Current Monetary Policy Appropriate, Inflation to Ease Later This Year

Since late September, LME aluminum prices ended their previous trend of fluctuating at highs and underwent a notable pullback around China's National Day holiday. The LME spot aluminum settlement price fell from $3,248.5/mt on September 28 to $3,204/mt on September 30, with the decline accelerating further in October. It dropped $84/mt in a single day on October 1 to $3,120/mt, and fell further to $3,109.5/mt on October 2. As of October 5, the LME spot aluminum settlement price had declined to $3,107/mt, a cumulative drop of $141.5/mt from September 28, or about 4.36%. Compared with the previous staged high of around $3,350/mt, the cumulative pullback exceeded $240/mt, a decline of about 7%. On October 6, the LME spot aluminum settlement price rebounded slightly to $3,134.5/mt, up $27.5/mt from the previous trading day, but remained significantly below the earlier high.

Vedanta Aluminium’s Q2 FY2027 alumina production surged 37% year on year to a record 895,000 tonnes, while aluminium output rose 5% to 649,000 tonnes, taking first-half aluminium production to 1.28 million tonnes, up 5% year on year.