Aluminium futures also traded near USD 2,987/t with strong momentum, showing market confidence amid continued supply constraints and solid end-use demand.
👉 Source: TradingEconomics aluminium price chart — https://tradingeconomics.com/commodity/aluminumTrading Economics

Summary :

Aluminum futures in the UK were at $2,950 per tonne in December, near the highest in over three years to set up an increase of 18% this year amid growing concerns of low supply. China, the world’s top aluminum producer, reiterated its priority of preventing overcapacity in metal production to curb deflationary pressures for manufacturers. The country was set to breach its 45 million ton output cap this year, forcing smelters to refrain from growing output in 2026. The developments drove firms to sell their capped supply locally instead of exporting to foreign consumers, driving exports to sink 9.2% annually in November. Meanwhile, moves by Chinese smelters to build new plants in Indonesia continued to face troubles amid higher energy costs and local regulations risks. Meanwhile, high energy costs, equipment failure, difficulty in sourcing bauxite, and geopolitical risks suspended key smelters in other countries including Iceland, Mozambique, and Australia.

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