Aluminium Price OutlookAluminium prices weakened in recent weeks, against the backdrop of ongoing global trade spat and as soft manufacturing data from the world’s leading economies rolled in. Aluminium traded at USD 1,733 per metric ton on 7 June, which was down 3.0% from the same day in the previous month. Moreover, the value was 7.0% lower on a year-to-date basis and was down 24.7% from the same day a year ago. Intensifying trade war tensions weighed on aluminium prices in recent weeks. Responding to the U.S. government’s announced tariff hikes on USD 200 billion of Chinese imports, authorities in China announced retaliatory extra tariffs on USD 60 billion of goods imported from the United States. Moreover, the global PMI slid below the 50-point mark for the first time since 2012 in May, further heightening fears of a stronger global growth slowdown and, in turn, sending shockwaves across global commodity markets and depressing the prices of most base metals. Regarding the supply-side fundamentals, sustained environmental restrictions in China supported aluminium prices somewhat. Notably, Xinfa Group, one of China’s largest aluminium smelters, halted all production at its 2.8 million tons per year alumina refinery in Shanxi in mid-May, owing to an environmental dispute, causing alumina and aluminium prices to spike.
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
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.