Aluminum futures traded at the $2,600 per tonne level, holding its recent surge to the highest since early 2023 as Western sanctions on Russian metals threatened the availability of the metal. The US and the UK jointly banned new deliveries of Russian aluminum to the LME, limiting the metal’s availability at one of the world’s benchmark exchanges. Additionally, supply prospects were further hurt by fears that Western consumers will be hesitant to engage in Russian metal buying outside LME contracts due to fears of future restrictions. Elsewhere, the Aluminum Corp of China underscored that the country’s bauxite security still remains uncertain due to China's dependency on Guinea, which has been subject to disruptions following an explosion in a key fuel depository. Additionally, smelters in Yunnan, China's fourth-largest aluminum-producing region, remained subject to production curbs due to the annual dry season.

Aluminum increased 220 USD/Tonne or 9.23% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Aluminum reached an all time high of 4103 in March of 2022. Aluminum - data, forecasts, historical chart - was last updated on April 26 of 2024.

Aluminum increased 220 USD/Tonne or 9.23% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Aluminum is expected to trade at 2598.39 USD/Tonne by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2712.37 in 12 months time.



Price Day Month Year Date
Coal 135.75 0.25 0.18% 5.31% -28.61% Apr/25
Bitumen 3,748.00 15.00 0.40% 3.51% 1.30% Apr/26
Cobalt 27,830.00 0 0% -2.52% -20.33% Apr/25
Lead 2,239.00 22.00 0.99% 14.06% 5.52% Apr/26
Aluminum 2,603.50 24.50 0.95% 13.27% 12.27% Apr/26
Tin 31,836.00 -102 -0.32% 15.43% 24.44% Apr/24
Zinc 2,894.50 41.50 1.45% 18.77% 10.43% Apr/26
Nickel 19,409.50 218 1.14% 18.24% -19.34% Apr/26
Molybdenum 502.50 -5.00 -0.99% 10.44% -28.36% Apr/26
Palladium 985.50 -6.50 -0.66% 0.22% -34.09% Apr/26
Gallium 2,195.00 0 0% 4.77% 20.27% Apr/26
Germanium 9,650.00 0 0% 2.12% 3.76% Apr/26
Manganese 35.25 1.50 4.44% 16.53% 10.16% Apr/26
Indium 2,425.00 0 0% 18.00% 62.21% Apr/26
Soda Ash 2,000.00 0 0% 2.04% -24.53% Apr/26
Neodymium 495,000.00 0 0% 13.14% -12.39% Apr/26
Tellurium 595.00 0 0% 2.59% -0.83% Apr/26
Rhodium 4,715.00 -25 -0.53% 2.50% -41.06% Apr/24


Aluminum
Aluminum futures are mostly traded on the London Metal Exchange (LME), the New York Mercantile Exchange (COMEX) and the Shanghai Futures Exchange. The standard future contract size is 5 tons. Aluminum is used widely in aerospace applications, packaging, automobiles and railroad cars and as a construction material. The biggest producers of aluminum are: The Aluminum Corporation of China (Chalco), Alcoa and Alumina Ltd, Rio Tinto from Australia, UC Rusal of Russia, Xinfa from China, Norsk Hydro ASA from Norway and South 32 from Australia. China accounts for nearly 60 percent of global aluminum output. The biggest resources of bauxites, the raw material for aluminum are located in Australia, China and Guinea. The Aluminum prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our aluminum prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
2604.00 2579.00 4103.00 1022.70 1989 - 2024 USD/Tonne Daily