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    CRU

    October 17, 2021

    CRU: Aluminum—Price Breakthrough

    Written by Greg Wittbecker

    By Stephen Williamson, CRU Research Manager, Aluminum

    Aluminum prices went through the $3,000 per metric ton mark on the LME this week. Fueled by energy constraints in China and tightening supply of alloy hardeners, the price broke through the $2,950 ceiling and ran up another $200. The price leveled at $3,150 as of this writing and is supported there on the short supply of primary aluminum and key alloying hardeners, silicon (Si), magnesium (Mg) and manganese (Mn). July 2008 was the last time aluminum traded up in this atmosphere.

    Greg Wittbecker

    Read more from Greg Wittbecker

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