Aluminum prices remained under pressure in the last 2 weeks, falling below 1700 USD/Tonne on February 4th, a level not seen since January 2017, as investors see a significant drop in demand from China due to coronavirus outbreak. In 2019, the aluminum prices struggled to gain traction due to lower demand and higher production as smelters in Brazil and China reopened and production capacity expended in Russia. Aluminum - data, forecasts, historical chart - was last updated on February of 2020.
Historically, Aluminum reached an all time high of 3271.25 in July of 2008.
Aluminum is expected to trade at 1749.52 USD/Tonne by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1806.30 in 12 months time.