Aluminium Price OutlookAluminium prices gained ground in recent weeks but were highly volatile. Prices touched a multi-year high on 19 April, as sanctions imposed by the U.S. on Rusal—one of the world’s largest aluminium producers—sparked concerns of supply shortages. However, the U.S. softened its stance and fears of supply disruptions eased, leading prices to drop. Aluminium traded at USD 2,330 per metric ton on 11 May, which was 3.2% higher than on the same day in April. Moreover, the value was up 3.3% on a year-to-date basis and was 24.6% higher than on the same day a year ago. Markets spiraled into chaos following the U.S. decision in early April to impose sanctions on Rusal. As the company produces over 6% of the world’s aluminium, fears of supply shortages spread and prices skyrocketed. This led the U.S. to reconsider the scope of its sanctions. The government extended the deadline to October and removed secondary sanctions, which strongly pushed prices down. Further downward pressure came from weaker-than-expected readings for industrial production in China in March and weakening sentiment in the U.S. manufacturing sector in May. However, U.S. President Trump’s decision to delay the implementation of tariffs on aluminium imports from the EU, Mexico and Canada sustained prices.
Aluminium Price History Data (USD per metric ton, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Aluminium Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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