en.Wedoany.com Reported - Aluminum prices on the London Metal Exchange (LME) fell to a three-month low on June 24, pressured by a stronger U.S. dollar and a retreat in risk premiums tied to Middle East metal supply. LME three-month aluminum fell 2.4% to $3,155.5 per metric ton, finding support at the 200-day moving average of $3,142 per ton. Analysts at Macquarie said market sentiment had calmed due to the potential full reopening of the Strait of Hormuz. The firm expects aluminum prices to peak this quarter and then gradually decline through the end of 2028, citing new capacity coming online in Indonesia, the restart of European smelters, and the potential resumption of production at Middle Eastern plants.
LME copper prices also moved lower, with three-month copper falling 1.7% to $13,144.5 per ton, after touching $13,085 per ton during the session, the lowest level since May 5. Macquarie experts noted that inventories of 870,000 tons accumulated since the start of 2025, combined with expectations of a supply surplus in the segment over the coming years, pose a medium-term correction risk for copper prices.
In early trading on June 25, aluminum prices on the Shanghai Futures Exchange (ShFE) showed a negative trend, despite ships beginning to pass through the Strait of Hormuz, as the ceasefire in the Middle East remained fragile. The benchmark aluminum contract fell 2.75% to 22,825 yuan per ton (approximately $3,354.55), hitting a record low for 2026 of 22,665 yuan per ton during the session. Market risk premiums rose sharply, mainly due to logistics disruptions and higher electricity costs. Meanwhile, Brent crude oil prices fell 1.82%, with observers expecting lower energy costs to help reduce production costs in the aluminum industry. Investors are awaiting the release of U.S. consumer spending data to gauge inflation levels and the outlook for high benchmark interest rates. Weak stock market performance by technology companies this week has cast a shadow over economic growth prospects.
According to data from the Metaltorg.ru website, as of 12:15 Moscow time on June 25, 2026, metal prices on major global exchanges were as follows: LME cash: aluminum $3,137.5 per ton, copper $13,192.5 per ton, lead $1,889 per ton, nickel $16,715 per ton, tin $50,000 per ton, zinc $3,445 per ton; LME three-month: aluminum $3,148 per ton, copper $13,228.5 per ton, lead $1,918.5 per ton, nickel $16,885 per ton, tin $50,405 per ton, zinc $3,434.5 per ton; Shanghai Futures Exchange (ShFE) July 2026 contract (including VAT): aluminum $3,366 per ton, copper $14,921.5 per ton, lead $2,387 per ton, nickel $19,175 per ton, tin $56,765 per ton, zinc $3,526 per ton; ShFE September 2026 contract (including VAT): aluminum $3,374 per ton, copper $14,917 per ton, lead $2,391.5 per ton, nickel $19,281.5 per ton, tin $56,917 per ton, zinc $3,537 per ton; NYMEX June 2026 contract: copper $13,272 per ton; NYMEX September 2026 contract: copper $13,404 per ton.
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