METALS-Aluminium falls as EGA reaffirms output recovery timeline

In other LME metals, copper rose 0.3% to $14,200 a ton in official activity, so far on track to close Wednesday at a fresh all-time high, as a temporary shutdown of a smelter in Indonesia and expectations of lower production in Chile added to worries about tight inventories after outflows to the U.S.

The premium of the LME cash copper contract over the benchmark CMCU0-3 hit $196 a ton, its highest since October, on Tuesday, signalling tightness for nearby supply ahead of the expiry of contracts next Wednesday.

In top metals consumer China, the Yangshan copper premium SMM-CUYP-CN fell to its one-month low of $96 a ton from a peak of $115 a ton on July 22, indicating weaker demand from Chinese importers as high prices dented buying interest.

LME zinc CMZN3 climbed 1.4% to $3,779, nickel CMNI3 added 0.4% to reach $16,900, while lead CMPB3 and tin CMSN3 rose 0.6% to $1,918 and $56,250, respectively.

LONDON, Aug 12 (Reuters) - Aluminium prices fell on Wednesday after major producer Emirates Global Aluminium reaffirmed it would resume full-scale production at its war-damaged smelter in the first quarter of 2027, easing worries about future supply deficits.