Aluminium falls on higher Chinese exports and hopes for Middle East de-escalation

Aluminium fell to a more than two-week low on Tuesday as stronger Chinese exports and reduced concern about Middle East supply disruptions outweighed support from low inventories, Business Recorder reported. By 0950 GMT, the London Metal Exchange’s three-month contract was down 1.1% at $3,031.50 a ton, after touching $3,014, its weakest level since October 23.

China exported 5.9 million tons of aluminium and related products in the first 10 months of 2026, an 18% increase. Prices have lost 20% since June’s four-year peak, as Middle East supply restarts progress and new Indonesian capacity is expected. ANZ analysts said supply could exceed demand in 2027, while risks in the region and low inventories could keep the market volatile. LME warehouse stocks stood at 207,525 tons, and the cash contract premium over the three-month price was $96 a ton.