Aluminum futures bounced back toward $2,650 per tonne, after a 2.4% loss in the previous week and remaining well above an 11-week low of $2,554 touched on November 4th on concerns about tighter supplies and as demand fears from the Omicron coronavirus variant eased on reports that the symptoms have been mild so far. Exacerbating shortages, an aluminum plant in China's Yunnan province with an annual capacity of 300,000 tonnes stopped production after an explosion in mid-November. Power curbs in China have reduced around 7% of domestic aluminum annual capacity so far this year, according to estimates from consultancy Wood Mackenzie. Meanwhile, Japan and the US agreed to start discussions on removing additional tariffs on Japanese steel and aluminum imports. The US already agreed to remove tariffs on certain quantities of steel and aluminum from the European Union, imposed by President Trump in 2018.

Historically, Aluminum reached an all time high of 3271.25 in July of 2008. Aluminum - data, forecasts, historical chart - was last updated on November of 2021.

Aluminum is expected to trade at 2562.44 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 2411.03 in 12 months time.

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Aluminum


Price Day Month Year
Coal 159.30 1.80 1.14% 6.20% 127.41%
Bitumen 2,862.00 -110.00 -3.70% -8.74% 18.76%
Cobalt 63,155.00 0 0% 11.69% 94.98%
Lead 2,308.50 3.00 0.13% -4.13% 11.98%
Aluminum 2,631.25 1.25 0.05% -3.25% 27.75%
Tin 39,402.50 273.50 0.70% 6.58% 108.89%
Zinc 3,200.25 2.25 0.07% -4.68% 15.28%
Nickel 20,320.00 250.00 1.25% 2.50% 27.12%
Molybdenum 45.00 0 0% 0% 91.49%
Palladium 1,802.16 7.80 0.43% -11.99% -25.10%
Gallium 2,275.00 0 0% 10.17% 48.69%
Germanium 9,150.00 0 0% 1.67% 28.87%
Manganese 34.50 0 0% -2.82% 24.32%
Indium 1,610.00 0 0% -2.42% 47.71%
Soda Ash 3,387.50 -75.00 -2.17% -7.19% 114.94%
Neodymium 1,045,000.00 0 0% 16.76% 65.87%
Tellurium 475.00 0 0% -2.56% 4.40%
Iron Ore 62% fe 94.71 0.27 0.29% -7.67% -24.00%
Rhodium 13,700.00 0 0% -2.84% -14.91%


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. .