Aluminum futures in the UK were at $3,160, holding most of their rebound from the four-month low of $3,085 from earlier in July amid fresh threats to supply. US President Trump stated he would reinstate the blockade of commercial vessels out of the Strait of Hormuz following the exchange of strikes with Iran. The move dented prospect that supply from the key region would be restored. Pre-war exports from the GCC were responsible for 9% of global aluminum consumption. On top of that, the surge in natural gas prices due to the shortage from the Middle East lifted operating costs for power-hungry aluminum smelters in Europe and Asia. This added to constraints as the 45 million ton supply cap for China was due to become restricting this year. Consequently, stocks of primary aluminum at the LME sank by 43% tonnes this year to 285,000 tonnes. Also, industry giant Macquarie forecasted a global aluminum shortfall of around 930,000 tonnes.

Aluminum fell to 3,164.65 USD/T on July 17, 2026, down 0.43% from the previous day. Over the past month, Aluminum's price has fallen 6.91%, but it is still 20.06% higher than a year ago, 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 July 17 of 2026.

Aluminum fell to 3,164.65 USD/T on July 17, 2026, down 0.43% from the previous day. Over the past month, Aluminum's price has fallen 6.91%, but it is still 20.06% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Aluminum is expected to trade at 3194.77 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 3367.22 in 12 months time.



Price Day Month Year Date
Coal 129.85 1.10 0.85% -9.70% 17.51% Jul/16
Bitumen 4,185.00 107.00 2.62% 2.00% 13.88% Jul/17
Cobalt 56,290.00 0 0% 0% 68.86% Jul/16
Lead 1,884.68 13.00 0.69% -4.96% -6.42% Jul/17
Aluminum 3,164.65 -13.75 -0.43% -6.91% 20.06% Jul/17
Tin 53,156.00 376 0.71% -3.95% 61.01% Jul/16
Zinc 3,524.60 -56.50 -1.58% -3.19% 24.79% Jul/17
Nickel 17,045.00 -65 -0.38% -4.16% 11.81% Jul/17
Molybdenum 617.50 0 0% 2.49% 30.00% Jul/17
Palladium 1,250.00 -22.50 -1.77% -3.03% -2.84% Jul/17
Gallium 1,925.00 0 0% -4.94% 14.93% Jul/17
Germanium 23,250.00 0 0% 0% 57.63% Jul/17
Manganese 30.25 0 0% -4.72% 2.72% Jul/17
Indium 5,750.00 0 0% 20.42% 130.46% Jul/17
Scrap Aluminum 2,332.49 6.61 0.28% -6.83% 5.91% Jul/16
Soda Ash 1,120.00 0 0% -3.95% -3.28% Jul/17
Neodymium 1,005,000.00 -5000 -0.50% 4.69% 69.62% Jul/17
Tellurium 820.00 0 0% 0% 35.54% Jul/17
Rhodium 8,250.00 150 1.85% 3.13% 42.24% Jul/17


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. The data is supplied by a third party and, while efforts are made to ensure its accuracy, Trading Economics does not verify the data and makes no representations or warranties regarding its accuracy..
Actual Previous Highest Lowest Dates Unit Frequency
3164.65 3178.40 4103.00 1022.70 1989 - 2026 USD/Tonne Daily

News Stream
Aluminum Holds Rebound from 4-Month Low
Aluminum futures in the UK were at $3,160, holding most of their rebound from the four-month low of $3,085 from earlier in July amid fresh threats to supply. US President Trump stated he would reinstate the blockade of commercial vessels out of the Strait of Hormuz following the exchange of strikes with Iran. The move dented prospect that supply from the key region would be restored. Pre-war exports from the GCC were responsible for 9% of global aluminum consumption. On top of that, the surge in natural gas prices due to the shortage from the Middle East lifted operating costs for power-hungry aluminum smelters in Europe and Asia. This added to constraints as the 45 million ton supply cap for China was due to become restricting this year. Consequently, stocks of primary aluminum at the LME sank by 43% tonnes this year to 285,000 tonnes. Also, industry giant Macquarie forecasted a global aluminum shortfall of around 930,000 tonnes.
2026-07-13
Aluminum Rises Further
Aluminum futures in the UK climbed to $3,200 per tonne, extending the rebound from a more than four-month low amid declining inventories and expectations of a shortage. Drawdowns from LME warehouses in recent weeks pushed total stocks below 300,000 tonnes for the first time since 2022, highlighting tight near-term availability. Although the resumption of trade through the Strait of Hormuz and announcements of smelter restarts in the Middle East had raised expectations of additional supply, some analysts noted that supply from the region may take longer than anticipated to reach the market. The aluminum market is also expected to see a deficit this year, with Macquarie forecasting a shortfall of around 930,000 tonnes. Prices were further supported by a softer US dollar after a weak US jobs report reduced expectations of an imminent rate hike, improving the appeal of dollar-denominated commodities.
2026-07-07
Aluminum Rebounds
Aluminum futures in the UK rose above $3,100 per tonne, rebounding from a more than four-month low as the US dollar retreated, improving the appeal of dollar-denominated commodities. Softer US jobs data reduced expectations of a near-term rate hike, pushing the greenback to a two-week low. In addition, factory activity in China, one of the largest consumers of the metal, returned to expansion in June, supporting the demand outlook. However, price gains remained limited by improving supply prospects. The resumption of trade through the Strait of Hormuz following a US–Iran deal has increased the likelihood of additional supplies from the Persian Gulf, a region that accounts for nearly a tenth of global aluminum output. At the same time, production continued to rise in China, the world’s largest producer, while output from Indonesian smelters also expanded.
2026-07-03