Aluminum prices strong rebound: supply tension and interest rate cut expectations boost aluminum period rose

London Metal Exchange (LME) aluminum price rose across the board on Monday (September 23).The rally mainly benefited from tight raw material supplies and market expectations of interest rate cuts in the US.

17:00 London time on September 23 (00:00 Beijing time on September 24),LME’s three-month aluminium ended up $9.50, or 0.38%, at $2,494.5 a tonne.Rallied from early lows amid pressure from recent selling interest from aluminium producers.

In the first eight months of this year, China’s primary aluminum imports more than doubled year-on-year to 1.512 million tons. Aluminum rose 8.3% in seven days before the Fed cut rates more than usual by 50 basis points.