Aluminum futures bottomed around the $2,900-per-tonne mark, down roughly 25% from their record peak touched in early March, as coronavirus-induced restrictions in top consumer China and the prospect of aggressive tightening from major central banks sparked concerns about weaker global growth hitting metals demand. Recent data from China exacerbate such a gloomy outlook, with the world's second-largest economy reporting that industrial output unexpectedly contracted in April. On top of that, soaring aluminum prices and disrupted exports from Russia helped Chinese smelters scale production to record levels. Once activity picked up, excess inventory would hit the global markets and pose a significant downside to prices.

Historically, Aluminum reached an all time high of 4103 in March of 2022. Aluminum - data, forecasts, historical chart - was last updated on May of 2022.

Aluminum is expected to trade at 3017.59 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 3242.96 in 12 months time.

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Aluminum



Price Day Month Year
Coal 400.00 -8.00 -1.96% 23.08% 279.15%
Bitumen 4,415.00 23.00 0.52% 12.17% 38.58%
Cobalt 75,000.00 0 0% -8.54% 71.82%
Lead 2,089.50 -71.55 -3.31% -9.82% -3.85%
Aluminum 2,887.00 13.00 0.45% -6.68% 17.30%
Tin 34,110.00 -504 -1.46% -14.42% 15.37%
Zinc 3,725.50 -25.00 -0.67% -11.71% 21.61%
Nickel 26,731.00 227 0.86% -19.13% 54.91%
Molybdenum 45.38 0 0% -2.41% 56.48%
Palladium 2,002.92 -3.10 -0.15% -9.07% -28.60%
Gallium 3,125.00 50.00 1.63% 19.05% 46.37%
Germanium 8,800.00 -50 -0.57% -2.76% 18.92%
Manganese 33.50 0 0% 0% 3.88%
Indium 1,475.00 -20 -1.34% -6.35% 21.40%
Soda Ash 2,830.00 0 0% 6.29% 61.71%
Neodymium 1,170,000.00 0 0% 6.85% 93.39%
Tellurium 435.00 0 0% -0.57% -25.00%
Iron Ore 62% fe 133.27 -0.04 -0.03% -12.37% -35.58%
Rhodium 15,600.00 300 1.96% -14.29% -37.60%


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
2891.00 2874.00 4103.00 1022.70 1989 - 2022 USD/Tonne Daily