Aluminum Prices Rally Over 5% in May Amid Supply Tightness

According to Wind data cited by Chinese Securities Journal, aluminum prices on the London Metal Exchange (LME) have climbed over 5% since May, with oxide aluminum and aluminum ingots posting continued gains. Domestic destocking is accelerating while overseas supply shortages persist, according to market analysts.

Listed companies in the sector expect global supply-demand gaps to widen with prices reaching higher levels. Demand from new energy battery and energy storage sectors is growing rapidly, with several companies actively expanding high-end aluminum product portfolios to optimize product mix.