LME aluminium could rise to $3,100-$3,149 this week
Reuters says LME aluminium is holding near $3,021 support, while a break below that level could expose the $2,939-$2,973 range.
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what happened
LME aluminium (MAL3=LX) could rebound into the $3,100-$3,149 per metric ton range this week, Reuters reports, as prices stabilize near support at $3,021.
The previous support at $3,100 — the 138.2% projection level of the downtrend from $3,563 — produced a moderate bounce. The current support appears stronger and may trigger a more substantial recovery, reinforced by $3,040, the July 2 low.
A break below $3,021 could clear the way toward $2,939-$2,973. The analysis is published weekly on Mondays. It was written by Wang Tao, a Reuters market analyst covering commodity and energy technicals, and reflects his own views. The material should not be treated as business, financial or legal advice; readers should consult their own professional advisers on those matters.
why it matters
The cited support and target levels provide technical markers for LME aluminium during the current week.
instruments
sources
- LME aluminium may bounce into $3,100-$3,149 this week — Reuters, 12 October 2026 at 08:36 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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