According to market price feeds, LME aluminium 3-month prices edged down to around USD 3,118.5/t on 21 Jan 2026, a slight decline from recent highs, as broader base metals saw modest corrections. Despite the pullback, prices remain well above the USD 3,000/t mark seen earlier in January 2026. SHFE aluminium also traded near 23,700–23,775 RMB/t.

Market Snapshot (21 Jan 2026):

Drivers: Tight global fundamentals, structural supply constraints, policy adaptation needs

LME Aluminium (3-Month): ~ USD 3,118.5/t (easing)

SHFE Aluminium: ~ 23,700–23,775 RMB/t

MCX Aluminium (India): ~ ₹ 314.75/kg

Scrap: Firm imported scrap prices on constrained supply

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