Aluminum prices continued to decline, approaching a six-year low, driven by fears of the devaluation of the Chinese yuan. The export price of the metal has become cheaper this week, increasing the global surplus.
On the London Metal Exchange, within three months, the price of aluminum fell by 0.9 percent, reaching $ 1,574 per ton. On Wednesday, metal used to make beverage cans and aircraft retreated to $ 1,553.50 a tonne, the lowest price since July 9, 2009.
Prices fell to their lowest since 2009 on Wednesday amid a slowdown in demand and increased overseas shipments from China, the world's largest metal producer. Earlier this week, Goldman Sachs Group Inc. cut its aluminum price forecast by at least 21 percent from 2016 to 2018 due to a global surplus. Aluminum shipments from China from January to July 2015 were up 28 percent year-over-year to record volumes.
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Metallurgy news
- 12 November 2025
19:00 There are no excess incomes for a long time, and the excise tax was and is being paid - according to the same formula and the same cut-off price as at the start 19:00 Russian metallurgists are discussing a proposal to introduce an excise tax on imported steel 18:00 Thailand imposes AD tariffs on I-beams from China 18:00 Exports of finished flat rolled stainless steel from Indonesia increased by 7% in January-September 2025 amid strong demand in Asia 17:00 Exports of wire rod from Brazil fell in October 17:00 Metinvest increased the output of steel, BPI and billets in the third quarter, the final production decreased slightly 16:00 Russian steel exports to grow by 19 percent in 2025 due to falling domestic demand 16:00 Exports of iron ore from Ukraine decreased in October
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