Sheets of aluminium stacked in warehouse

Aluminium Price Outlook

Aluminium prices continued to rise in recent weeks, propelled by the ongoing energy crunch and intensified worries of output cuts, notably in Europe. Aluminum traded at USD 2,976 per metric ton on 14 January, which was up 13.3% from the same day in the previous month. Moreover, the price was 6.1% higher on a year-to-date basis and was up 48.5% from the same day a year ago. The ongoing energy crisis continued to buoy prices for aluminium in recent weeks, amid higher smelting costs. At the same time, rising power costs in Europe, amid downbeat wind power generation and rising demand, prompted France’s Dunkirk smelter—the largest in the country—to reduce its output. Renewed fears of production cuts, coupled with rapidly declining stockpiles in the London Metal Exchange, further heightened supply worries. Meanwhile, a hawkish turn from the Fed, signaling earlier-than-expected hikes ahead, somewhat capped the rise.

Aluminium Price History Data (USD per metric ton, aop)

2015  2016  2017  2018  2019  
Aluminium 1663.69  1604.6  1968.4  2107.64  1794.37  

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.

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Aluminium Historical Price Chart


Aluminium historical price chart
Note: Aluminium prices in USD per metric ton (mt). Daily prices.

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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