Aluminum futures rose to $2,600 per tonne in May, the highest since the near-two-year peak of $2,670 on April 22nd, tracking broad-based gains for main base metals while markets continued to assess the availability for key partitioned markets. On-warrant LME stocks in Malaysian Port Klang continued to soar ahead of the key delivery deadline of May 15th, extending concerns of uncertain supply for major Western clients as the surge in warrants in the key warehouse reflects trading giants' decision to take advantage of new contract rules following the US and UK’s sanction on Russian aluminum, jeopardizing availability. Further, issues in Russia’s rail system hampered its trade with China, limiting off-exchange supply from the world’s top consumer. Additionally, uncertainty over meteorological conditions in the key Chinese-producing region of Yunnan threatened the availability of hydroelectric power power for producers, further supporting prices.

Aluminum increased 236 USD/Tonne or 9.90% 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 May 20 of 2024.

Aluminum increased 236 USD/Tonne or 9.90% 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 2647.08 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 2763.20 in 12 months time.



Price Day Month Year Date
Coal 142.15 -1.60 -1.11% 0.82% -10.79% May/17
Bitumen 3,685.00 13.00 0.35% -0.78% -4.48% May/17
Cobalt 27,830.00 0 0% 0% -20.33% May/17
Lead 2,300.00 -7.00 -0.30% 5.99% 9.94% May/20
Aluminum 2,628.00 1.00 0.04% -1.59% 16.10% May/20
Tin 33,410.00 44 0.13% 5.00% 36.23% May/15
Zinc 3,045.50 0.50 0.02% 7.54% 25.25% May/20
Nickel 21,137.00 1083 5.40% 13.89% 1.56% May/17
Molybdenum 500.00 0 0% 9.89% 1.67% May/17
Palladium 1,018.00 6.50 0.64% 0.10% -31.72% May/20
Gallium 2,275.00 0 0% 3.64% 34.22% May/20
Germanium 9,700.00 0 0% 1.04% 3.74% May/20
Manganese 40.75 1.00 2.52% 32.52% 27.34% May/20
Indium 3,075.00 0 0% 51.85% 105.69% May/20
Soda Ash 2,090.00 0 0% 10.00% -16.06% May/17
Neodymium 500,000.00 5000 1.01% 2.04% -11.50% May/17
Tellurium 590.00 0 0% -0.84% -0.84% May/17
Rhodium 4,725.00 0 0% -0.53% -32.50% May/20


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
2620.00 2627.00 4103.00 1022.70 1989 - 2024 USD/Tonne Daily