Actual
3,047.30
Daily Change
37.85 1.26%
Monthly
-6.41%
Yearly
6.55%
Q4 Forecast
3,052.62
Aluminum - Summary

Aluminum futures in the UK hovered above $3,000 per ton, but remained near multi-month lows amid improving supply outside the Middle East. China continues to offset reduced supply from the Gulf, with domestic output running close to record levels despite the government’s longstanding cap on production capacity. Chinese aluminum exports rose 25.9% year-on-year in September and reached their highest monthly level in three months, while Indonesian exports exceeded 150,000 tonnes in August. Although production across the Gulf Cooperation Council remains depressed, some smelters have begun to recover gradually. Emirates Global Aluminium said in late August that a quarter of the reduction cells at its Al Taweelah plant had been brought back online, with a full recovery in production expected by the first quarter of 2027. Adding to the positive supply outlook, Rio Tinto reached an agreement to extend operations at its Bell Bay Aluminium smelter in Tasmania through 2031.

Aluminum - Stats

Aluminum rose to 3,047.30 USD/T on October 23, 2026, up 1.26% from the previous day. Over the past month, Aluminum's price has fallen 6.41%, but it is still 6.55% 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 October 24 of 2026.

Aluminum - Forecast

Aluminum rose to 3,047.30 USD/T on October 23, 2026, up 1.26% from the previous day. Over the past month, Aluminum's price has fallen 6.41%, but it is still 6.55% 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 3052.62 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 3226.01 in 12 months time.



Price Day Month Year Date
Coal 150.70 -0.45 -0.30% 5.02% 44.76% Oct/23
Bitumen 4,868.00 220.00 4.73% -7.38% 46.10% Oct/23
Cobalt 34,620.00 0 0% -12.66% -28.72% Oct/22
Lead 1,914.58 10.15 0.53% -1.33% -5.24% Oct/23
Aluminum 3,047.30 37.85 1.26% -6.41% 6.55% Oct/23
Tin 50,182.00 93 0.19% -6.89% 40.28% Oct/22
Zinc 3,748.20 71.75 1.95% -5.75% 23.96% Oct/23
Nickel 15,846.00 -149 -0.93% -4.14% 3.40% Oct/23
Molybdenum 603.50 -2.00 -0.33% -2.74% 18.92% Oct/23
Palladium 1,051.50 -5.00 -0.47% -17.98% -28.15% Oct/23
Gallium 1,740.00 0 0% -0.57% 2.65% Oct/23
Germanium 28,500.00 0 0% 4.59% 100.00% Oct/23
Manganese 28.75 -0.10 -0.35% -0.35% -3.04% Oct/23
Indium 4,700.00 -50 -1.05% -10.48% 86.14% Oct/23
Scrap Aluminum 2,632.32 -2.20 -0.08% 0.51% 27.16% Oct/22
Soda Ash 1,025.00 0 0% -2.38% -13.58% Oct/23
Neodymium 942,500.00 0 0% -0.53% 39.63% Oct/23
Tellurium 798.50 0 0% 0% 23.80% Oct/23
Rhodium 9,150.00 50 0.55% -3.17% 13.66% Oct/23


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
3047.30 3009.45 4103.00 1022.70 1989 - 2026 USD/Tonne Daily

News Stream
Aluminum Remains Near Multi-Month Lows
Aluminum futures in the UK hovered above $3,000 per ton, but remained near multi-month lows amid improving supply outside the Middle East. China continues to offset reduced supply from the Gulf, with domestic output running close to record levels despite the government’s longstanding cap on production capacity. Chinese aluminum exports rose 25.9% year-on-year in September and reached their highest monthly level in three months, while Indonesian exports exceeded 150,000 tonnes in August. Although production across the Gulf Cooperation Council remains depressed, some smelters have begun to recover gradually. Emirates Global Aluminium said in late August that a quarter of the reduction cells at its Al Taweelah plant had been brought back online, with a full recovery in production expected by the first quarter of 2027. Adding to the positive supply outlook, Rio Tinto reached an agreement to extend operations at its Bell Bay Aluminium smelter in Tasmania through 2031.
2026-10-20
Aluminum Falls to Year-to-Date Low
Aluminum futures in the UK fell below $3,000 per ton in October, the lowest level year-to-date, fully erasing the rally since the start of the war between Iran and the US amid a stronger dollar and ample supply outside the Middle East. Aluminum smelting infrastructure in the Middle East was restarted at a faster pace than previously signaled following damage to facilities and operational halts caused by disruptions to natural gas production chains in the region. Emirates Global Aluminium said that a quarter of its Al Taweelah smelter in Abu Dhabi had resumed operations. In addition, Rio Tinto secured an agreement to keep its Bell Bay Aluminium smelter in Tasmania operational through the end of 2031, further boosting supply prospects. Also, China's exports have increased sharply in the period despite the 30% export duty faced by primary aluminum smelters, which drives secondary producers to focus on foreign markets. Alloy export volumes doubled y-o-y to 4.46 million tons through August.
2026-10-14
Aluminum Hits 34-week Low
Aluminum decreased to 3022.00 USD/T, the lowest since February 2026. Over the past 4 weeks, Aluminum lost 7.06%, and in the last 12 months, it increased 10.05%.
2026-10-14