Aluminium prices averaged USD 2,229 per metric ton in March, up 2.3% from February. On 29 March, the commodity traded at USD 2,295 per metric ton, up 5.0% from 29 February.
Prices rose in recent weeks amid a healthier demand backdrop and supply woes. Seasonally stronger demand, coupled with recovering manufacturing activity in top consumer China, supported the upturn. On the supply front, global output fell month-on-month in February due to a broad-based decline. Moreover, concerns over a slow production recovery in the drought-hit Chinese Yunnan region added further upward pressure to prices.
This chart displays Aluminium (US$/mt) from 2022 to 2024.
Aluminium LME (prices in US$/mt, aop)
| Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | |
|---|---|---|---|---|---|---|---|---|
| Aluminium LME | - | - | - | - | - | 2,882 | 2,356 | 2,336 |