Actual
3,248.75
Daily Change
61.25 1.92%
Monthly
1.82%
Yearly
23.88%
Q3 Forecast
3,272.96
Aluminum - Summary

Aluminum futures in the UK fell to $3,200 per tonne from the eight-week high of $3,360 on August 11th, as higher supply from China offset the disruption from the war in the Middle East. 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.

Aluminum - Stats

Aluminum rose to 3,248.75 USD/T on August 21, 2026, up 1.92% from the previous day. Over the past month, Aluminum's price has risen 1.82%, and is up 23.88% 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 August 23 of 2026.

Aluminum - Forecast

Aluminum rose to 3,248.75 USD/T on August 21, 2026, up 1.92% from the previous day. Over the past month, Aluminum's price has risen 1.82%, and is up 23.88% 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 3272.96 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 3478.11 in 12 months time.



Price Day Month Year Date
Coal 131.50 1.00 0.77% 0.50% 18.15% Aug/21
Bitumen 4,514.00 6.00 0.13% 7.68% 29.05% Aug/21
Cobalt 56,290.00 0 0% 0% 68.86% Aug/20
Lead 1,901.88 -3.12 -0.16% 0.15% -4.69% Aug/21
Aluminum 3,248.75 61.25 1.92% 1.82% 23.88% Aug/21
Tin 55,803.00 253 0.46% 3.56% 66.97% Aug/20
Zinc 3,823.15 74.55 1.99% 6.41% 36.20% Aug/21
Nickel 17,045.00 100 0.59% -0.61% 13.82% Aug/21
Molybdenum 622.50 0 0% 0.81% 19.72% Aug/21
Palladium 1,352.00 12.00 0.90% 7.86% 25.30% Aug/23
Gallium 1,815.00 0 0% -4.22% 13.08% Aug/21
Germanium 25,000.00 0 0% 5.26% 73.63% Aug/21
Manganese 28.75 0 0% -3.36% -3.07% Aug/21
Indium 5,350.00 -50 -0.93% -3.60% 103.81% Aug/21
Scrap Aluminum 2,526.50 -7.71 -0.30% 8.06% 19.38% Aug/20
Soda Ash 1,030.00 0 0% -8.04% -15.85% Aug/21
Neodymium 952,500.00 2500 0.26% -5.22% 21.25% Aug/21
Tellurium 805.00 0 0% -1.83% 37.58% Aug/21
Rhodium 8,800.00 0 0% 7.32% 18.52% Aug/21


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
3248.75 3187.50 4103.00 1022.70 1989 - 2026 USD/Tonne Daily

News Stream
Aluminum Eases from 8-Week High
Aluminum futures in the UK fell to $3,200 per tonne from the eight-week high of $3,360 on August 11th, as higher supply from China offset the disruption from the war in the Middle East. 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
Aluminum Retreats
Aluminum futures in the UK fell toward $3,200 per tonne, retreating from a seven-week high hit on August 11, amid easing supply concerns. Emirates Global Aluminium set out plans to restore production at its Al Taweelah smelter, which was shut down following an Iranian strike during the early stages of the war. The smelter is operating at 18% of capacity and is expected to return to prewar output levels in Q1 2027. This will improve the supply outlook from a region that accounted for 10% of global production before the conflict. Prices had risen recently as Norsk Hydro cut output at its Alunorte refinery in Brazil after its natural gas supplier reported disruptions, while uncertainty persisted over a deal that could reopen the Strait of Hormuz, a key export route for regional smelters. Meanwhile, Australia’s largest aluminium smelter, Tomago, secured a A$2.5 billion government support package to ensure its continued operation beyond 2028, further boosting supply prospects.
2026-08-13
Aluminum Rises to Near 2-Month High
Aluminum futures in the UK rose to $3,380 per tonne in August, the highest in nearly two months, on declining supply from key producers. 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. The developments deepened the detriment to Norsk Hydro, the main client for Alunorte. The firm had 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 after Iran had damaged energy and metallurgy infrastructure in the Middle East. Supply from nations in the Persian Gulf has been hampered since the start of the US-Iran conflict in March, due to both direct destruction of plants and blockades on trade routes for exports. The region was responsible for around 10% of global production pre-war. Still, futures are below four-year peaks from this year on softening Chinese demand.
2026-08-11