NewsSignals AI analysis·Reuters·Oct 28, 2026

Aluminium gains on supply uncertainty, broad risk-on mood

Grade Bbullish AI signal$ALI$XAL

Aluminium prices rose on Wednesday as supply uncertainty and falling warehouse inventories supported the metal amid a broader risk-on market mood. LME aluminium gained 0.34% to $3,097.5 per ton, while Shanghai futures advanced 0.11% to 23,765 yuan as LME warehouse withdrawal orders and declining SHFE stocks highlighted tighter availability. Continued inventory declines and positive risk sentiment could provide further support for aluminium prices, although broader market conditions remain a key factor.

Bullish strength: 78/100

LME aluminium rose 0.34% to $3,097.5 per metric ton.
Shanghai aluminium futures gained 0.11% to 23,765 yuan per ton.
SHFE-monitored aluminium warehouse stocks fell more than 10% last week to 212,858 tons.
Orders were placed to withdraw 3,500 tons of aluminium from LME-registered warehouses in Asia.
Broader risk-on sentiment supported commodity prices.

Bearish strength: 22/100

Aluminium's gains were modest, suggesting limited immediate price momentum.
The broader risk-on mood is a market-support factor that may change.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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