Aluminium Prices

Aluminium prices averaged USD 2,654 per metric ton in September, up 2.1% from August. On 30 September, the commodity traded at USD 2,679 per metric ton, up 2.3% from 29 August.

In September, aluminium prices rebounded from August’s dip. On the demand side, expectations of a Fed interest rate cut earlier in the month fueled optimism about stronger economic growth ahead, boosting prices. On the supply side, China’s plan to slash its annual output growth target for base metals over 2025 and 2026 due to overcapacity in the country further boosted prices; China produces about two-thirds of global aluminium.