Aluminium prices averaged USD 2,526 per metric ton in June, up 3.2% from May. On 30 June, the commodity traded at USD 2,597 per metric ton, up 6.5% from 30 May.
Aluminium LME prices benefited from the Iran-Israel truce, a new U.S.-China deal and improving global manufacturing activity. Nonetheless, June’s spotlight was on U.S. prices, as Trump doubled tariffs on aluminium from 25% to 50% on 4 June, pushing the U.S. Midwest premium to a record USD 1,325 per metric ton. The tariff hike is set to further boost scrap imports to the U.S.—which is unaffected by duties—and could spur investment in new production capacity.
This chart displays Aluminium (US$/mt) from 2023 to 2025.
Aluminium LME (prices in US$/mt, aop)
Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Aluminium LME | - | - | 2,159 | 2,196 | 2,203 | 2,523 | 2,385 | 2,573 | 2,624 | 2,446 | - | - |