Aluminium Prices

Aluminium prices averaged USD 3,277 per metric ton in September, up 0.8% from August. On 30 September, the commodity traded at USD 3,159 per metric ton, down 2.3% from 31 August.

In September, aluminium prices rose from August to further above the past-decade average, although they were still below the peak reached during the early phase of the Iran war in Q2 2026. Prices in September were supported by low inventories and concerns over further supply disruptions in the Middle East. However, gains were limited by market expectations that smelters would soon restart idled capacity, which alongside planned expansions and upgrades could boost global aluminium supply.