Aluminium Prices

Aluminium prices averaged USD 3,439 per metric ton in June, down 6.0% from May. On 30 June, the commodity traded at USD 3,070 per metric ton, down 15.4% from 29 May.

In June, average aluminium prices fell for the first time in four months, recording one of the worst performances among base metals. The winding down of the Middle East war has weighed on aluminum pricing, which had surged between March and May due to the loss of supply from the Gulf region, which accounts for about 10% of global production. A stronger U.S. dollar added to downward pressures.