Aluminium Price OutlookAluminium prices continued to rise in recent weeks, on the back of bleaker supply prospects and higher energy prices globally. Aluminum traded at USD 2,930 per metric ton on 7 October, which was up 7.0% from the same day in the previous month. Moreover, the price was 48.4% higher on a year-to-date basis and was up 66.3% from the same day a year ago. The increase in prices over the last month came as escalating output concerns from top-producer China further weighed on the supply outlook, which had already been shaken in early September by Guinea’s military coup. Although the junta reassured that the mining of bauxite—a key metal for aluminium production—will not be disrupted by the takeover, ongoing power rationing in China, which is dealing with marked electricity shortages, stirred supply worries. On top of this, higher energy costs globally have made the energy-intensive production of aluminium even pricier. This, coupled with still-strong demand, has further buoyed 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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