Aluminium Prices

Aluminium prices averaged USD 2,498 per metric ton in June, down 2.7% from May. On 28 June, the commodity traded at USD 2,488 per metric ton, down 4.6% from 31 May.

Prices declined in recent weeks from May’s average on the back of rising supply and downbeat demand. Heavy rain boosted output in Yunnan’s hydro-powered smelters, driving Chinese production to an all-time high in May. Additionally, weak demand in the Asian giant—the manufacturing PMI remained in contraction in June—and concerns over elevated inventories across the globe weighed on prices.