Commodities tracking reports global aluminium futures trading above USD 3,080/t, reflecting a continuing “super-cycle” driven by structural supply deficits and renewables/EV demand.
👉 Source: Chronicle Journal market report — https://markets.chroniclejournal.com/chroniclejournal/article/marketminute-2026-1-6-aluminum-breaks-3000-barrier-as-base-metals-super-cycle-intensifies-nalco-and-hindalco-hit-record-highs The Chronicle-Journal

Summary :

The global commodities market reached a historic milestone this week as aluminum prices decisively breached the $3,000 per tonne mark on the London Metal Exchange (LME). As of January 6, 2026, the three-month aluminum contract is trading between $3,082 and $3,125 per tonne, its highest level in nearly four years.

The journey to $3,000 per tonne has been building throughout the latter half of 2025, culminating in the breakout seen in the first week of 2026. A primary catalyst for this move is the strict enforcement of China’s 45-million-tonne primary aluminum production cap. As the world’s largest producer, China’s refusal to expand capacity further has effectively removed the “safety valve” for global supply. 

Article Link :

https://markets.chroniclejournal.com