Aluminum futures in the UK fell to around $3,470 per tonne but remained close to its highest level in nearly four years, amid fears of a deeper global supply squeeze. The Iran war has shut the Strait of Hormuz, preventing shipments from the Persian Gulf, which accounts for roughly 9% of global aluminum output. Two major smelters, one in Qatar and another in Bahrain, have been forced to suspend deliveries. Output from China, the world’s largest producer, is unlikely to fully compensate for these disruptions as production is expected to stall this year after surpassing the government-imposed cap of 45 million tonnes in 2025, aimed to curb overcapacity, while its expansion in Indonesia faces challenges from rising energy costs and regulatory hurdles. Reflecting tightening market conditions, Rio Tinto offered aluminum to Japanese buyers at a premium of $350 per tonne for second-quarter deliveries. These supply risks come at a time when demand from emerging industries continues to rise.

Aluminum fell to 3,420 USD/T on March 13, 2026, down 2.82% from the previous day. Over the past month, Aluminum's price has risen 12.30%, and is up 27.52% 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 14 of 2026.

Aluminum fell to 3,420 USD/T on March 13, 2026, down 2.82% from the previous day. Over the past month, Aluminum's price has risen 12.30%, and is up 27.52% 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 137.30 -1.45 -1.05% 18.11% 36.28% Mar/13
Bitumen 4,235.00 176.00 4.34% 26.12% 20.28% Mar/13
Cobalt 56,290.00 0 0% 0% 67.70% Mar/12
Lead 1,894.98 -43.85 -2.26% -2.97% -8.67% Mar/13
Aluminum 3,420.00 -99.35 -2.82% 12.30% 27.52% Mar/13
Tin 49,388.00 -259 -0.52% 5.75% 37.57% Mar/12
Zinc 3,290.30 -26.20 -0.79% -0.01% 10.45% Mar/13
Nickel 17,320.00 0 0% 1.05% 4.65% Mar/13
Molybdenum 535.00 0 0% 3.88% 17.84% Mar/13
Palladium 1,580.00 -68.00 -4.13% -10.63% 65.01% Mar/13
Gallium 1,975.00 0 0% 9.42% 8.22% Mar/13
Germanium 15,250.00 0 0% 5.17% 0.99% Mar/13
Manganese 33.95 0 0% 7.61% 12.23% Mar/13
Indium 4,750.00 0 0% 6.74% 58.33% Mar/13
Soda Ash 1,212.00 10.00 0.83% 2.54% -19.84% Mar/13
Neodymium 1,085,000.00 0 0% -5.24% 93.06% Mar/13
Tellurium 775.00 0 0% 1.97% 8.39% Mar/13
Rhodium 11,500.00 0 0% 7.48% 119.05% Mar/13


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
3420.00 3519.35 4103.00 1022.70 1989 - 2026 USD/Tonne Daily

News Stream
Aluminum Prices Hover Near 4-Year High
Aluminum futures in the UK fell to around $3,470 per tonne but remained close to its highest level in nearly four years, amid fears of a deeper global supply squeeze. The Iran war has shut the Strait of Hormuz, preventing shipments from the Persian Gulf, which accounts for roughly 9% of global aluminum output. Two major smelters, one in Qatar and another in Bahrain, have been forced to suspend deliveries. Output from China, the world’s largest producer, is unlikely to fully compensate for these disruptions as production is expected to stall this year after surpassing the government-imposed cap of 45 million tonnes in 2025, aimed to curb overcapacity, while its expansion in Indonesia faces challenges from rising energy costs and regulatory hurdles. Reflecting tightening market conditions, Rio Tinto offered aluminum to Japanese buyers at a premium of $350 per tonne for second-quarter deliveries. These supply risks come at a time when demand from emerging industries continues to rise.
2026-03-12
Aluminum Resumes Ascent
Aluminum futures in the UK climbed back to their highest level in nearly four years above $3,420 per tonne, as investors weigh how long the conflict in the Middle East might continue to disrupt global metal supplies. The closure of the Strait of Hormuz has halted shipments from the Persian Gulf, which accounts for roughly 9% of global aluminum output. Supply from China, the world’s largest producer, is unlikely to fully compensate for these disruptions, as production is capped at 45 million tons under government measures aimed at curbing overcapacity in key sectors, while its expansion in Indonesia faces challenges from rising energy costs and regulatory hurdles. These developments come amid growing demand from emerging industries, including AI, energy storage, and solar panels.
2026-03-11
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