LME aluminium prices pause after recent highs; offer price near USD 3,174/t – 17 january 2026
Recent LME market data shows the aluminium cash offer easing slightly to around USD 3,174 per tonne as of 15 January 2026, down modestly from earlier in the week, but overall the rally continues on the back of ongoing supply-side tightness.
Summary :
On the inventory front, LME aluminium opening stocks slipped to 490,000 tonnes on January 15 from 492,000 tonnes on January 14, a 0.41 per cent decrease. Live warrants remained unchanged at 446,575 tonnes, while cancelled warrants declined to 43,425 tonnes from 45,425 tonnes.
Though the aluminium price showed a minor day-on-day decrease, the broader trend remains firm, with an aluminium rally evident on a week-on-week basis. The increase in aluminium price is being driven by supply-side constraints, particularly China’s aluminium cap of 45 million tonnes, which is tightening global supply and reinforcing the ongoing aluminium rally.
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