Summary: Benchmark aluminum prices on the London Metal Exchange (LME) have stabilized near $3,030 per tonne as of late February. Market reports indicate that global inventories have fallen to multi-year lows, creating a structural supply deficit. This price firmness is largely driven by the “green energy” transition, with increasing consumption in renewable energy infrastructure and electric vehicles (EVs).

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LME Aluminium Prices Edge Higher as Inventories Fall