Aluminum futures in the UK dropped to around $3,360 per tonne, retreating further from a four year-high after President Trump’s remarks eased concerns over Middle East supply disruptions. Trump indicated the conflict with Iran would end soon as he faced mounting economic and political pressures following days of dramatic volatility in oil markets. However, supply risks persist, as the closure of the Strait of Hormuz has disrupted shipments from the Persian Gulf, which accounts for roughly 9% of global aluminum supply. Output from top producer China is also unlikely to fully offset these disruptions, as its supply is capped by 45 million tons this year under government measures to limit overcapacity in key good producing sectors, while expansion in Indonesia faces challenges from rising energy costs and regulatory hurdles. These developments come against the backdrop of already critically low aluminum inventories at both the LME and COMEX.

Aluminum fell to 3,379.40 USD/T on March 10, 2026, down 0.15% from the previous day. Over the past month, Aluminum's price has risen 8.32%, and is up 24.93% 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 March 10 of 2026.

Aluminum fell to 3,379.40 USD/T on March 10, 2026, down 0.15% from the previous day. Over the past month, Aluminum's price has risen 8.32%, and is up 24.93% 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 3437.81 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 3616.04 in 12 months time.



Price Day Month Year Date
Coal 143.80 6.50 4.73% 25.48% 37.48% Mar/09
Bitumen 3,752.00 -196.00 -4.96% 11.57% 6.83% Mar/10
Cobalt 56,290.00 0 0% 0% 108.79% Mar/09
Lead 1,936.65 6.20 0.32% -3.01% -5.59% Mar/10
Aluminum 3,377.60 -6.85 -0.20% 8.26% 24.87% Mar/10
Tin 50,685.00 620 1.24% 2.84% 55.19% Mar/09
Zinc 3,361.55 36.05 1.08% -1.64% 15.22% Mar/10
Nickel 17,470.25 40 0.23% -3.29% 6.01% Mar/10
Molybdenum 535.00 0 0% 4.90% 16.56% Mar/10
Palladium 1,693.00 2.00 0.12% -2.81% 80.59% Mar/10
Gallium 1,925.00 0 0% 6.65% 12.90% Mar/10
Germanium 15,250.00 0 0% 5.90% -1.29% Mar/10
Manganese 32.95 0 0% 4.44% 8.93% Mar/10
Indium 4,750.00 0 0% 9.20% 73.04% Mar/10
Soda Ash 1,202.00 8.00 0.67% 1.69% -20.50% Mar/10
Neodymium 1,085,000.00 -40000 -3.56% 1.88% 93.06% Mar/10
Tellurium 775.00 0 0% 1.97% 9.93% Mar/10
Rhodium 11,650.00 0 0% 10.43% 99.15% Mar/10


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
3379.40 3384.45 4103.00 1022.70 1989 - 2026 USD/Tonne Daily

News Stream
Aluminum Falls Further
Aluminum futures in the UK dropped to around $3,360 per tonne, retreating further from a four year-high after President Trump’s remarks eased concerns over Middle East supply disruptions. Trump indicated the conflict with Iran would end soon as he faced mounting economic and political pressures following days of dramatic volatility in oil markets. However, supply risks persist, as the closure of the Strait of Hormuz has disrupted shipments from the Persian Gulf, which accounts for roughly 9% of global aluminum supply. Output from top producer China is also unlikely to fully offset these disruptions, as its supply is capped by 45 million tons this year under government measures to limit overcapacity in key good producing sectors, while expansion in Indonesia faces challenges from rising energy costs and regulatory hurdles. These developments come against the backdrop of already critically low aluminum inventories at both the LME and COMEX.
2026-03-10
Aluminum Rises Further to 4-Year High
Aluminum futures in the UK rose to $3,390 per tonne in March, the highest in nearly four years, as a halt in supply from the Persian Gulf magnified an already tight backdrop. Iran struck targets in all GCC countries, driving major producers to stop aluminum refining activity and risking the suspension of operations in the region that produces 10% of global supply. Qatar halted its aluminum operation with Norsk Hydro in the country and Bahrain's Alba declared force majeure and halted all deliveries for the time being. Higher output from top producer China is not expected to make up for the developments as its supply is capped by 45 million tons this year, in line with the government's aim to limit overcapacity in key good producing sectors, while smelters struggle to build new plants in Indonesia amid higher energy costs and local regulations risks. The developments come as stocks at the LME and COMEX ae already near record lows.
2026-03-09
Aluminum is up by 5.03%
Aluminum increased 5.03% to 3445.08 USD/T
2026-03-06