Actual
3,097.50
Daily Change
-22.65 -0.73%
Monthly
-6.69%
Yearly
14.25%
Q4 Forecast
3,150.80
Aluminum - Summary

Aluminum futures in the UK fell to around $3,130 per tonne, their lowest level since early July, weighed down by a robust US dollar and expectations of improving supply. The greenback extended its gains as inflation concerns reinforced expectations of tighter Federal Reserve policy. A strong US dollar reduces the appeal of greenback-priced commodities by making them more expensive for global buyers. Meanwhile, several smelters are preparing to restart idled capacity, while others are expanding and upgrading smelting capacity, raising expectations of a gradual recovery in global supply. Rising Chinese exports are also helping cushion the impact of production losses in the Persian Gulf, with shipments increasing 17.2% year-on-year in August as weak domestic demand and elevated inventories allowed more metal to flow into overseas markets.

Aluminum - Stats

Aluminum fell to 3,097.50 USD/T on October 2, 2026, down 0.73% from the previous day. Over the past month, Aluminum's price has fallen 6.69%, but it is still 14.25% 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 4103.00 in March of 2022. Aluminum - data, forecasts, historical chart - was last updated on October 4 of 2026.

Aluminum - Forecast

Aluminum fell to 3,097.50 USD/T on October 2, 2026, down 0.73% from the previous day. Over the past month, Aluminum's price has fallen 6.69%, but it is still 14.25% 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 3150.80 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 3318.66 in 12 months time.



Price Day Month Year Date
Coal 148.95 -0.35 -0.23% 1.33% 41.86% Oct/02
Bitumen 4,568.00 -574.00 -11.16% -2.04% 35.43% Sep/30
Cobalt 39,140.00 0 0% -30.47% 11.83% Oct/01
Lead 1,850.43 -13.15 -0.71% -2.87% -8.25% Oct/02
Aluminum 3,097.50 -22.65 -0.73% -6.69% 14.25% Oct/02
Tin 54,332.00 405 0.75% 0.18% 47.29% Oct/01
Zinc 3,698.35 -28.38 -0.76% -4.97% 22.07% Oct/02
Nickel 15,530.00 -80 -0.51% -8.13% 0.71% Oct/02
Molybdenum 620.50 0 0% 0.49% 22.27% Sep/30
Palladium 1,172.50 -7.50 -0.64% -18.58% -6.87% Oct/02
Gallium 1,740.00 0 0% -2.52% 4.50% Sep/30
Germanium 27,250.00 0 0% 6.86% 91.23% Sep/30
Manganese 28.85 0 0% 0.35% -3.35% Sep/30
Indium 5,250.00 0 0% -1.87% 107.92% Sep/30
Scrap Aluminum 2,624.60 0 0% 3.12% 27.53% Oct/01
Soda Ash 1,050.00 0 0% 0% -11.17% Oct/02
Neodymium 947,500.00 0 0% -0.79% 20.70% Sep/30
Tellurium 798.50 0 0% 0.13% 34.20% Sep/30
Rhodium 9,100.00 0 0% -3.19% 28.62% Oct/02


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
3097.50 3120.15 4103.00 1022.70 1989 - 2026 USD/Tonne Daily

News Stream
Aluminum Drops to Near 3-Month Low
Aluminum futures in the UK fell to around $3,130 per tonne, their lowest level since early July, weighed down by a robust US dollar and expectations of improving supply. The greenback extended its gains as inflation concerns reinforced expectations of tighter Federal Reserve policy. A strong US dollar reduces the appeal of greenback-priced commodities by making them more expensive for global buyers. Meanwhile, several smelters are preparing to restart idled capacity, while others are expanding and upgrading smelting capacity, raising expectations of a gradual recovery in global supply. Rising Chinese exports are also helping cushion the impact of production losses in the Persian Gulf, with shipments increasing 17.2% year-on-year in August as weak domestic demand and elevated inventories allowed more metal to flow into overseas markets.
2026-10-01
Aluminum Hits 4-week Low
Aluminum decreased to 3223.00 USD/T, the lowest since August 2026. Over the past 4 weeks, Aluminum lost 1.66%, and in the last 12 months, it increased 20.21%.
2026-09-29
Aluminum Falls to 4-Week Low
Aluminum futures in the UK fell toward $3,230 per ton, a four-week low, as prospects of improving supply and a stronger US dollar weighed on prices. Several smelters are working to restart and bring previously idled capacity back online, while others are moving ahead with expansion plans. Rising Chinese exports are also helping to offset some of the supply losses from the Gulf, with aluminum exports climbing 17.2% year on year in August. The increase comes amid tepid domestic demand and elevated inventories, allowing more metal to flow into overseas markets. The Gulf accounted for roughly 10% of global aluminum supply before the war, but disruptions to shipping through the Strait of Hormuz have severely constrained regional exports, while GCC production fell 44% year on year in July. Meanwhile, hawkish comments from several Federal Reserve officials sent the US dollar higher, making dollar-denominated commodities expensive for global buyers.
2026-09-23