Aluminum Slips on Expectations of Weaker Demand
LME aluminum is trading lower in Asia on expectations of softer demand, with ANZ Research linking the move to a selloff in AI-related stocks.
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what happened
Aluminum is falling in Asian trading as market participants expect demand to weaken. According to ANZ Research analysts, a selloff in AI-related stocks has reduced risk appetite across the base metals sector. The bank's commentary adds that it “triggered concerns that spending on infrastructure such as power lines and data centers would impact demand for key metals such as copper and aluminum.” The three-month LME aluminum contract is down 0.25% at $3,003.50 a ton.
why it matters
Aluminum and copper are sensitive to sentiment in the technology sector and to plans for power grids and data center construction. If investors keep cutting exposure to AI stocks, pressure could spread across the base metals complex. So far, the price has moved only slightly.
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sources
- Aluminum Falls Amid Expectations of Weaker Demand — Market Talk, 23 October 2026 at 03:34 UTC
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