Aluminium Prices

Aluminium prices averaged USD 2,457 per metric ton in September, up 4.5% from August. On 30 September, the commodity traded at USD 2,609 per metric ton, up 7.6% from 30 August.

Healthier demand prospects boosted aluminium prices in recent weeks. In September, the Fed started its monetary policy easing cycle, and the ECB cut rates further. Moreover, China cut interest rates and deployed multiple stimulus policies, including specific measures for the property sector. In addition, alumina prices rose from August in September, pointing to a sustained shortage of the latter and likely adding further upward pressure to aluminium prices.