Aluminium Prices

Aluminium prices averaged USD 3,250 per metric ton in August, up 2.8% from July. On 31 August, the commodity traded at USD 3,234 per metric ton, up 0.5% from 31 July.

In August, average aluminium prices rose from July and were around 50% above the past-decade average. Increasing tensions between the U.S. and Iran raised fears of further Middle East supply disruptions, while stocks of the metal on the London Metal Exchange dropped to their lowest level since 1990.