Aluminum futures recovered some ground to around $2,700 per tonne in late November, moving away from an 11-week low of $2,554 touched on November 4th, amid supply disruption concerns. The aluminum plant in China's Yunnan province with an annual capacity of 300,000 tonnes stopped production after an explosion on Thursday evening and it is still unknown when production will resume. Still, aluminum prices remain well below 2008-highs of $3,200 hit in October amid a strong US dollar and weaker demand in China. Meanwhile, Japan and the US agreed to start discussions on removing additional tariffs on Japanese steel and aluminum imports. The US already agreed to remove tariffs on certain quantities of steel and aluminum from the European Union, imposed by President Trump in 2018.

Historically, Aluminum reached an all time high of 3271.25 in July of 2008. Aluminum - data, forecasts, historical chart - was last updated on November of 2021.

Aluminum is expected to trade at 2751.92 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 2917.89 in 12 months time.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Aluminum


Price Day Month Year
Coal 152.50 2.35 1.57% -33.67% 143.42%
Bitumen 3,038.00 28.00 0.93% 0.60% 35.99%
Cobalt 61,550.00 0 0% 8.85% 90.00%
Lead 2,209.50 -38.50 -1.71% -7.96% 12.57%
Aluminum 2,682.00 57.75 2.20% -12.62% 34.96%
Tin 38,387.50 -27.50 -0.07% 0.45% 104.92%
Zinc 3,230.75 60.50 1.91% -9.34% 15.41%
Nickel 19,751.00 312.00 1.61% -1.89% 25.06%
Molybdenum 45.00 0 0% 0% 91.49%
Palladium 2,061.85 -71.11 -3.33% -0.49% -11.36%
Gallium 2,225.00 0 0% 12.09% 63.60%
Germanium 9,100.00 0 0% 2.82% 28.17%
Manganese 35.50 0 0% 0% 26.79%
Indium 1,630.00 0 0% 1.88% 49.54%
Soda Ash 3,562.50 0 0% 1.79% 96.10%
Neodymium 1,045,000.00 0 0% 31.03% 107.96%
Tellurium 482.50 -2.50 -0.52% -2.53% 7.22%
Iron Ore 62% fe 92.78 0.77 0.84% -24.87% -24.78%
Rhodium 14,350.00 0 0% 1.77% -7.12%


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. .