Aluminum futures in the UK rose to $3,680 per tonne, the highest in over four years, amid prolonged supply disruptions from the Middle East. The US struck Iranian targets and dimmed recent expectations that an agreement between both countries could restart vessel flows through the Strait of Hormuz. Their naval blockade has halted exports that were responsible for 9% of global supply of aluminum. 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, Guinea announced controls of bauxite exports starting on June, adding to the tightness. The mismatch drove the LME aluminum curve to backwardation, with cash contracts trading at a $60 premium to the three-month futures.

Aluminum rose to 3,675 USD/T on May 29, 2026, up 0.04% from the previous day. Over the past month, Aluminum's price has risen 5.50%, and is up 50.22% 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 in March of 2022. Aluminum - data, forecasts, historical chart - was last updated on May 30 of 2026.

Aluminum rose to 3,675 USD/T on May 29, 2026, up 0.04% from the previous day. Over the past month, Aluminum's price has risen 5.50%, and is up 50.22% 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 3674.64 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 3880.91 in 12 months time.



Price Day Month Year Date
Coal 136.75 -0.75 -0.55% 2.05% 32.38% May/29
Bitumen 4,315.00 3.00 0.07% -1.12% 24.82% May/29
Cobalt 56,290.00 0 0% 0% 67.03% May/28
Lead 2,019.93 -7.45 -0.37% 3.39% 2.64% May/29
Aluminum 3,675.00 1.35 0.04% 5.50% 50.22% May/29
Tin 55,079.00 686 1.26% 12.98% 76.33% May/28
Zinc 3,534.40 -26.80 -0.75% 4.93% 34.07% May/29
Nickel 18,955.00 -135 -0.71% -2.24% 23.16% May/29
Molybdenum 592.50 0 0% 1.28% 24.34% May/29
Palladium 1,382.00 -14.00 -1.00% -9.88% 43.36% May/29
Gallium 2,150.00 -50.00 -2.27% 3.61% 24.64% May/29
Germanium 20,250.00 0 0% 8.00% 35.00% May/29
Manganese 32.75 0 0% -3.82% 10.08% May/29
Indium 4,750.00 0 0% 9.20% 90.38% May/29
Soda Ash 1,196.00 0 0% -2.13% -13.71% May/29
Neodymium 935,000.00 0 0% -10.53% 71.25% May/29
Tellurium 810.00 0 0% 3.51% 9.46% May/29
Rhodium 8,800.00 -100 -1.12% -12.44% 61.47% May/29


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
3675.00 3673.65 4103.00 1022.70 1989 - 2026 USD/Tonne Daily

News Stream
Aluminum Rises to Over 4-Year High
Aluminum futures in the UK rose to $3,680 per tonne, the highest in over four years, amid prolonged supply disruptions from the Middle East. The US struck Iranian targets and dimmed recent expectations that an agreement between both countries could restart vessel flows through the Strait of Hormuz. Their naval blockade has halted exports that were responsible for 9% of global supply of aluminum. 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, Guinea announced controls of bauxite exports starting on June, adding to the tightness. The mismatch drove the LME aluminum curve to backwardation, with cash contracts trading at a $60 premium to the three-month futures.
2026-05-26
Aluminum Hits 4-year High
Aluminum increased to 3676.00 USD/T, the highest since March 2022. Over the past 4 weeks, Aluminum gained 2.2%, and in the last 12 months, it increased 45.16%.
2026-05-13
Aluminum Hits 4-Year High
Aluminum futures in the UK rose toward $3,670 per tonne, reaching a more than four-year high amid prolonged supply disruptions from the Middle East. The US and Iran exchanged threats and extended their impasse that has halted the flows of commercial vessels 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. This was magnified by ample borrowing of special bonds in recent municipal debt auctions for their largest cities, which are commonly used for aluminum-intense infrastructure development.
2026-05-12