The aluminium market isn’t short. It’s scared. 3m tonnes of Middle East smelting capacity is offline, and buyers are watching supply, not price. Orders pulled forward, inventories rebuilt, supply routes reopened. This isn’t a spike. It’s a shift from price discovery to availability management.
Nickel is waking up – and Jakarta just hit the alarm. Indonesia’s dominance rests on supply chains it doesn’t control, now squeezed by geopolitics and taxes. A looming surplus could vanish fast, with global nickel prices caught in the middle.
Ammonium Paratungstate (APT) prices are rising sharply as war accelerates the drawdown of tungsten units. APT is the primary intermediate product in the tungsten supply chain. It is the standard reference material from which most tungsten products are produced and priced.
The aluminium market isn’t short. It’s scared. 3m tonnes of Middle East smelting capacity is offline, and buyers are watching supply, not price. Orders pulled forward, inventories rebuilt, supply routes reopened. This isn’t a spike. It’s a shift from price discovery to availability management.
Ammonium Paratungstate (APT) prices are rising sharply as war accelerates the drawdown of tungsten units. APT is the primary intermediate product in the tungsten supply chain. It is the standard reference material from which most tungsten products are produced and priced.
Lithium is shifting from boom‑and‑bust volatility to a tighter, more complex market, as project delays, policy friction and refining bottlenecks slow the flow of deliverable supply.
Aluminium’s recent surge isn’t just a war premium – it’s an energy premium. Gulf supply risks, higher power costs and thin inventories are reshaping the market’s cost floor.
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Nickel is waking up – and Jakarta just hit the alarm. Indonesia’s dominance rests on supply chains it doesn’t control, now squeezed by geopolitics and taxes. A looming surplus could vanish fast, with global nickel prices caught in the middle.
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Stay connected with our latest developments. Share your details to receive updates and analyses from LME Insight.