Read more
2:32 PM · 8 February 2022

🚀Aluminium at 14-year highs!

-
-
Open account Download free app

Aluminium is definitely one of the hottest commodities of recent months as well as the beginning of 2022. Industrial metal prices sits around 3% below its record highs and the highest daily close may be made today. So far, there were only two times when aluminium price traded above current levels - once in 2006 and once in 2008. However, in both cases prices quickly pulled back. This time it could be different.

Aluminium inventories at LME are almost dry. Situation is a result of halting production in Europe in recent months on the back of high energy prices. Situation looked similar in China but in this country production costs were additionally inflated by new environmental regulations. However, even at current prices - $3,250 per tonne - energy and CO2 emission prices make aluminium production a barely profitable business. It should also be noted that Russia is an important producer of aluminium bauxite and imposing sanctions on the country may further limit global supply. Aluminium is also used during the ongoing energy transformation as it is used in manufacturing of wind farms. Having said that, it cannot be ruled out that prices will move even higher.

Source: xStation5

11 February 2026, 7:57 AM

Silver rallies 3% 📈 A return of bullish momentum in precious metals?

10 February 2026, 6:47 PM

Daily summary: Weak US data drags markets down, precious metals under pressure again!

9 February 2026, 8:50 AM

NATGAS slides 6% on shifting weather forecasts

6 February 2026, 5:22 PM

Three markets to watch next week (09.02.2026)

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits