According to TradingEconomics, the Aluminium futures contract closed at ~USD 2,805.70/t, down around 0.25% from the prior day.
👉 Source: TradingEconomicsTrading Economics

Summary :

Aluminum futures in the UK fell to $2,780 per tonne, hitting its lowest level in four weeks, tracking a broader pullback from risk assets. Some Federal Reserve officials have also cautioned against further rate cuts, weighing on the demand outlook for commodities. Still, the recent pullback masks tightening conditions in the aluminum market. China reaffirmed its focus on curbing overcapacity in metal production to ease deflationary pressures. The country’s aluminum output ceiling of 45 million tons is expected to be exceeded next year, while China’s plans to build new smelters in Indonesia continue to face setbacks from higher energy costs and regulatory hurdles. Supply pressures were compounded by disruptions elsewhere, including the suspension of one potline at Iceland’s Grundartangi smelter due to equipment failure. In Australia, Alcoa announced it will close its Kwinana alumina refinery as bauxite ore grades deteriorate.

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