Aluminum futures in the UK rebounded to $3,500 per tonne from the three-week low of $3,480 on April 29th amid expectations of prolonged supply disruptions from the Middle East. US President Trump signaled that the naval blockade would remain for longer for Iranian commercial vessels leaving the Straight of Hormuz. The move was followed with threats from Iran on tankers and dry bulk cargos in the region that have prevented aluminum shipments from major producers in the Persian Gulf. Pre-war supply from Gulf countries were responsible for 9% of global supply and nearly 25% of non-Chinese supply. On top of that, direct attacks on the largest refiners in the region delayed the eventual return of supply from the area, with EGA's flagship plant expected to return to capacity in one year, and Bahrain's ALBA operations being suspended. The resulting surge in natural gas costs also lifted refining costs. Meanwhile, strong manufacturing activity data from China supported the demand backdrop.

Aluminum rose to 3,503.05 USD/T on May 8, 2026, up 0.57% from the previous day. Over the past month, Aluminum's price has risen 1.64%, and is up 44.69% compared to the same time last year, 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 May 9 of 2026.

Aluminum rose to 3,503.05 USD/T on May 8, 2026, up 0.57% from the previous day. Over the past month, Aluminum's price has risen 1.64%, and is up 44.69% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Aluminum is expected to trade at 3553.92 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 3740.06 in 12 months time.



Price Day Month Year Date
Coal 131.75 -0.45 -0.34% -2.77% 33.22% May/08
Bitumen 4,252.00 72.00 1.72% 2.38% 23.86% May/08
Cobalt 56,290.00 0 0% 0% 67.03% May/07
Lead 1,978.30 -1.65 -0.08% 2.69% -0.19% May/08
Aluminum 3,503.05 19.82 0.57% 1.64% 44.69% May/08
Tin 53,808.00 4087 8.22% 17.08% 70.08% May/06
Zinc 3,429.20 -21.90 -0.63% 2.93% 29.12% May/08
Nickel 18,945.00 -170 -0.89% 10.05% 19.53% May/08
Molybdenum 585.00 0 0% 7.34% 28.15% May/08
Palladium 1,488.00 -35.50 -2.33% -5.04% 52.38% May/08
Gallium 2,075.00 0 0% -2.35% 16.90% May/08
Germanium 18,750.00 0 0% 15.38% 22.55% May/08
Manganese 34.05 0 0% -7.09% 12.56% May/08
Indium 4,520.00 170 3.91% 6.35% 75.53% May/08
Soda Ash 1,212.00 -10.00 -0.82% 0% -12.68% May/08
Neodymium 1,025,000.00 -20000 -1.91% 3.02% 94.50% May/08
Tellurium 782.50 0 0% 0.32% 5.74% May/08
Rhodium 9,950.00 0 0% -2.45% 85.12% May/08


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
3503.05 3483.23 4103.00 1022.70 1989 - 2026 USD/Tonne Daily

News Stream
Aluminum Rebounds from 3-Week Low
Aluminum futures in the UK rebounded to $3,500 per tonne from the three-week low of $3,480 on April 29th amid expectations of prolonged supply disruptions from the Middle East. US President Trump signaled that the naval blockade would remain for longer for Iranian commercial vessels leaving the Straight of Hormuz. The move was followed with threats from Iran on tankers and dry bulk cargos in the region that have prevented aluminum shipments from major producers in the Persian Gulf. Pre-war supply from Gulf countries were responsible for 9% of global supply and nearly 25% of non-Chinese supply. On top of that, direct attacks on the largest refiners in the region delayed the eventual return of supply from the area, with EGA's flagship plant expected to return to capacity in one year, and Bahrain's ALBA operations being suspended. The resulting surge in natural gas costs also lifted refining costs. Meanwhile, strong manufacturing activity data from China supported the demand backdrop.
2026-05-01
Aluminum Prices Move Back Near 4-Year Highs
Aluminum futures in the UK rose to around $3,520 per tonne, hovering near a more than four-year high as the continued blockage of the Strait of Hormuz threatens a prolonged disruption to Middle Eastern supply. The key waterway remained closed, with Iran tightening restrictions over the movement of vessels through the shipping route, while the US maintains its own blockade on ships traveling to and from Tehran. The Persian Gulf accounts for roughly 9% of global primary aluminum. Beyond restricting shipping flows, the conflict has also directly affected production capacity. Major refineries in the UAE and Bahrain were damaged after being struck by Iranian attacks. Analysts warned that regional supply constraints could persist for months even if hostilities end and Hormuz reopens, as restoring damaged smelting and refining facilities is expected to take considerable time. Emirates Global Aluminium, the region’s largest producer, said it may take at least a year to fully restore output.
2026-04-22
Aluminum Extends Decline
Aluminum futures in the UK fell toward $3,540 per tonne, extending their retreat from an over four-year high despite renewed concerns over supply disruptions from the Persian Gulf, a region that accounts for roughly 9% of global output. Iran blocked the Strait of Hormuz again only hours after reopening it, blaming the US for its ongoing blockade of Iranian ports. Investors are now closely watching for details of potential peace talks. Beyond restricting shipping flows through one of the world’s most important trade routes, the conflict has also directly affected production capacity. Key refineries in the UAE and Bahrain were damaged after being hit by Iranian strikes. Analysts noted that supply regional constraints could persist for months even if hostilities end soon, as restoring damaged smelting and refining capacity is expected to take significant time. Emirates Global Aluminium, the region’s largest producer, said it will take at least a year to restore production.
2026-04-20