Aluminium Price OutlookDespite falling in recent days over President Trump’s plans to raise imports tariffs on USD 200 billion of Chinese goods, aluminum prices rose overall in the past month over fears of supply shortages and amid falling growth in manufacturing sectors across the world. Aluminum traded at USD 2,031 per metric ton on 7 September, which was 0.9% higher than on the same day in August. The value was 10.0% lower on a year-to-date basis, however, and was down 2.5% from the same day a year ago. Prices climbed as strikes at Alcoa’s alumina and bauxite refineries, which erupted after workers rejected a proposed workplace agreement, have disrupted production and threaten to fuel shortages of alumina, the key ingredient used to produce aluminum. Tariffs levied on aluminum and steel by President Trump have also exerted upward pressure on the prices of these metals. Partial shutdown at Alunorte in Brazil, the world’s largest alumina refinery, and U.S. sanctions on global aluminium giant Rusal have also pushed aluminium prices higher. Rusal is the largest producer outside of China and the sanctions levied in April disrupted the company’s access to capital markets. Meanwhile, according to the latest PMI data, China’s booming steel industry lost traction in August, with output leveling off despite exports rebounding in the month.
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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