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    February 16, 2024

    CRU: Aluminum news roundup

    Written by Marziyeh Horeh

    The LME 3-month price was broadly stable again on the morning of Feb. 16, and was last seen trading at $2,230 per metric ton (mt).

    On Feb. 16, LME stocks were reported at 534,925 mt, an increase of nearly 10,000 mt from last Friday. The change comes after 15,125 mt of metal was delivered into Gwangyang, South Korea, on Feb. 15. This was the largest inflow since the 16,400 mt delivered in Kaohsiung on Dec. 29 and the largest so far this year.

    Marziyeh Horeh

    Marziyeh Horeh is an aluminum analyst at CRU. She covers extrusions and the secondary market in North America. Prior to joining CRU in August 2023, Marziyeh was a post-doctoral fellow at Purdue University focusing on the economics of climate change and sustainability. Marziyeh holds a PhD in Natural Resource Economics from West Virginia University.

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