Actual
3,292.50
Daily Change
-27.00 -0.81%
Monthly
1.32%
Yearly
26.34%
Q3 Forecast
3,308.32
Aluminum - Summary

Aluminum futures in the UK hovered around $3,310 per tonne, an over three-week high, amid continued supply tightness and declining inventories. The latest escalation in US-Iran hostilities has raised uncertainty over the potential return of aluminum supplies from the Persian Gulf. This came as LME inventories remained near a 36-year low, while SHFE inventories fell 3% from the previous week, underscoring tight conditions in the physical market. Meanwhile, the Alunorte plant in Brazil, the world’s largest alumina refinery outside China, temporarily cut production to 50% of capacity in August, though output was subsequently ramped back up to full capacity following a temporary terminal access agreement with its gas supplier. Some of the supply pressures could also be partly eased by planned capacity restarts and expansion projects among several producers, as well as increased Chinese exports, with shipments from the world’s largest producer rising 18.7% year-on-year in July.

Aluminum - Stats

Aluminum fell to 3,292.50 USD/T on September 4, 2026, down 0.81% from the previous day. Over the past month, Aluminum's price has risen 1.32%, and is up 26.34% 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 4103.00 in March of 2022. Aluminum - data, forecasts, historical chart - was last updated on September 6 of 2026.

Aluminum - Forecast

Aluminum fell to 3,292.50 USD/T on September 4, 2026, down 0.81% from the previous day. Over the past month, Aluminum's price has risen 1.32%, and is up 26.34% 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 3308.32 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 3526.27 in 12 months time.



Price Day Month Year Date
Coal 148.65 1.65 1.12% 15.41% 38.21% Sep/04
Bitumen 4,748.00 -31.00 -0.65% 23.01% 39.81% Sep/04
Cobalt 50,665.00 -5625 -9.99% -9.99% 51.99% Sep/03
Lead 1,907.63 2.45 0.13% 0.86% -3.95% Sep/04
Aluminum 3,292.50 -27.00 -0.81% 1.32% 26.34% Sep/04
Tin 54,622.00 -330 -0.60% -2.44% 58.07% Sep/03
Zinc 3,927.75 35.85 0.92% 5.33% 37.16% Sep/04
Nickel 16,835.00 -70 -0.41% -1.78% 10.18% Sep/04
Molybdenum 617.50 0 0% 0% 17.61% Sep/04
Palladium 1,404.00 -36.00 -2.50% 2.48% 26.89% Sep/04
Gallium 1,785.00 0 0% -2.19% 11.22% Sep/04
Germanium 26,000.00 0 0% 9.47% 80.54% Sep/04
Manganese 29.05 0.30 1.04% 1.04% -2.02% Sep/04
Indium 5,340.00 0 0% -2.91% 111.49% Sep/04
Scrap Aluminum 2,559.57 14.33 0.56% 5.93% 20.94% Sep/03
Soda Ash 1,050.00 0 0% 1.94% -11.47% Sep/04
Neodymium 955,000.00 0 0% -2.05% 21.68% Sep/04
Tellurium 797.50 0 0% -1.85% 36.34% Sep/04
Rhodium 9,400.00 0 0% 10.26% 31.47% Sep/04


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
3292.50 3319.50 4103.00 1022.70 1989 - 2026 USD/Tonne Daily

News Stream
Aluminum at Over 3-Week High
Aluminum futures in the UK hovered around $3,310 per tonne, an over three-week high, amid continued supply tightness and declining inventories. The latest escalation in US-Iran hostilities has raised uncertainty over the potential return of aluminum supplies from the Persian Gulf. This came as LME inventories remained near a 36-year low, while SHFE inventories fell 3% from the previous week, underscoring tight conditions in the physical market. Meanwhile, the Alunorte plant in Brazil, the world’s largest alumina refinery outside China, temporarily cut production to 50% of capacity in August, though output was subsequently ramped back up to full capacity following a temporary terminal access agreement with its gas supplier. Some of the supply pressures could also be partly eased by planned capacity restarts and expansion projects among several producers, as well as increased Chinese exports, with shipments from the world’s largest producer rising 18.7% year-on-year in July.
2026-09-04
Aluminum Holds Pullback
Aluminum futures in the UK were near $3,250 per tonne, trading in a narrow range since declining from an eight-week high of $3,360 on August 11th amid momentary relief of tight supply. Exports of aluminum from China, the world's top producer, surged by 18.7% in the year to July. The country has stepped up exports as muted demand allowed producers to ship metal despite Beijing's output cap of 45 million tons, easing shortages from the Middle East due to the war in Iran. The Alunorte plant in Brazil, the world's largest alumina plant outside of China, was forced to cut operations to half capacity amid the lack of natural gas from its supplier. This added to detriment to its client Norsk Hydro, which already declared two force majeures on aluminum sales after its joint Qatari venture Qatalum plant was forced to shut off production on natural gas shortages. LNG supply from the Middle East, essential for aluminum refining, has been scarce due to tanker blockades from the US and Iran.
2026-08-27
Aluminum Eases from 8-Week High
Aluminum futures in the UK fell to $3,200 per tonne, easing from an eight-week high of $3,360 reached on August 11, as higher supply from China offset the disruption from the Middle East war. Exports of aluminum from China, the world's top producer, surged by 18.7% in the year to July. The country has stepped up exports as muted demand allowed producers to ship metal despite Beijing's output cap of 45 million tons, easing shortages from the Middle East due to the war in Iran. The Alunorte plant in Brazil, the world's largest alumina plant outside of China, was forced to cut operations to half capacity amid the lack of natural gas from its supplier. This added to detriment to its client Norsk Hydro, which already declared two force majeures on aluminum sales after its joint Qatari venture Qatalum plant was forced to shut off production on natural gas shortages. LNG supply from the Middle East, essential for aluminum refining, has been scarce due to tanker blockades from the US and Iran.
2026-08-20