Aluminum prices fell to a two-month low in late trade last week as coal prices eased, easing supply concerns in China, where thermal power, coal are key components of the metal’s production. .

Aluminum prices on the London Metal Exchange fell 0.9 percent to $2,721 a tonne, hitting its lowest since late August at $2,602.
A shortage of magnesium, which is used to make aluminum alloys for the auto and construction industries, is also weighing on aluminum prices, said Duncan Hobbs, research director at Concord Resources. Aluminum prices will have to trade at multi-year highs to encourage production in countries other than China.
China’s coal futures posted their biggest drop in more than five years after China’s policy regulator said there is a possibility of a price adjustment following recent investigations into producers.
Preliminary results show that coal production costs are significantly lower than current spot coal prices.
Copper price reached 10,452.50 USD/ton at the beginning of October 2021, the highest level since May 18, the whole month copper fell 8% but still the best month since April 2021. Copper price for 3-month delivery fell 1.5% to $9,520/ton.
Other metals were also volatile, with zinc up 0.7% to $3,396 a tonne, lead down 1.6% to $2,383 and nickel down 0.4% to $19,490.

Tin prices rose 2.6% to $36,800, tin fell due to solder shortages and inventories at London warehouses stood at 680 tons, the lowest since 1989. Shanghai Exchange (Unit: yuan/ton)