Aluminum futures extended gains to trade around $2,400 per tonne for the first time since April 2018 on strong demand and growing expectations that China’s supply will be limited due to carbon emission targets. The Chinese city of Baotou in Inner Mongolia shut down 34 ferroalloy companies and some captive power plants as part of a series of measures to meet its energy consumption targets for the first quarter, which could curb aluminum production by around 100,000 tonnes on an annual basis. Aluminum prices are more than 60% higher than a 4-year low of $1,462 hit last May driven by a recovery in demand particularly in the automotive, packaging and construction sectors from the Covid-19 hit.

Historically, Aluminum reached an all time high of 3271.25 in July of 2008. Aluminum - data, forecasts, historical chart - was last updated on April of 2021.

Aluminum is expected to trade at 2368.93 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 2223.52 in 12 months time.

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Aluminum


Aluminum
Aluminum futures are mostly traded on the London Metal Exchange (LME), the New York Mercantile Exchange (COMEX) and the Shanghai Futures Exchange. The standard future contract size is 5 tons. Aluminum is used widely in aerospace applications, packaging, automobiles and railroad cars and as a construction material. The biggest producers of aluminum are: The Aluminum Corporation of China (Chalco), Alcoa and Alumina Ltd, Rio Tinto from Australia, UC Rusal of Russia, Xinfa from China, Norsk Hydro ASA from Norway and South 32 from Australia. China accounts for nearly 60 percent of global aluminum output. The biggest resources of bauxites, the raw material for aluminum are located in Australia, China and Guinea. The Aluminum prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our aluminum prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so. .
Energy Price Day Weekly Monthly YTD Date
Crude Oil
USD/Bbl
64.6600 0.35 -0.54% 4.06% 9.30% 33.26% Apr/30
Brent
USD/Bbl
68.2600 0.30 -0.44% 3.25% 8.80% 31.78% Apr/30
Natural gas
USD/MMBtu
2.9050 0.01 -0.21% 6.41% 11.39% 14.42% Apr/30
Gasoline
USD/Gal
2.0917 0.01 -0.39% 4.81% 6.74% 48.34% Apr/30
Heating oil
USD/Gal
1.9517 0.01 0.68% 4.89% 8.95% 31.52% Apr/30
Ethanol
USD/Gal
2.3300 0.00 0.00% 5.96% 23.61% 62.60% Apr/29
Naphtha
USD/T
558.48 0.85 0.15% 1.15% -2.50% 29.07% Apr/29
Propane
USD/Gal
0.82 0.00 0.12% 2.20% -11.36% 26.72% Apr/29
Uranium
USD/Lbs
29.1500 0.10 0.34% 1.04% -6.27% -5.05% Apr/29

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,771.63 0.39 0.02% -0.31% 3.79% -6.58% Apr/30
Silver
USD/t.oz
26.054 0.03 -0.11% 0.25% 6.82% -1.15% Apr/30
Platinum
USD/t.oz
1,205.09 3.85 0.32% -1.99% 1.50% 13.05% Apr/30

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,540.5000 2.00 -0.13% 0.05% 7.22% 17.89% Apr/30
Wheat
USd/Bu
741.0000 3.50 0.47% 4.33% 19.90% 15.69% Apr/30
Palm Oil
MYR/T
3,936.00 133.00 -3.27% 1.08% 5.04% 9.33% Apr/28
Cheese
USD/Lbs
1.7040 0.00 0.00% -0.12% 6.30% 3.52% Apr/29
Milk
USD/CWT
17.63 0.01 -0.06% -0.11% 8.83% 11.58% Apr/29
Rubber
JPY/Kg
229.00 0.80 -0.35% 3.11% -8.18% -14.81% Apr/28
Orange Juice
USd/Lbs
107.80 3.00 -2.71% -4.56% -2.88% -12.54% Apr/29
Coffee
USd/Lbs
145.80 1.50 1.04% 8.56% 18.92% 13.68% Apr/29
Lumber
USD/1000 board feet
1,454.30 32.00 2.25% 9.80% 46.96% 66.57% Apr/29
Oat
USd/Bu
394.0000 2.25 -0.57% -1.25% 4.03% 9.22% Apr/30
Wool
AUD/100Kg
1,335.00 0.00 0.00% 1.75% 3.17% 14.01% Apr/29
Cotton
USd/Lbs
87.56 1.18 -1.33% 3.45% 8.58% 12.08% Apr/29
Cocoa
USD/T
2,459.00 27.00 1.11% 2.03% 4.77% -5.53% Apr/29
Rice
USD/cwt
13.3700 0.21 1.56% 0.07% 1.13% 9.23% Apr/29
Canola
CAD/T
901.20 6.20 0.69% 2.69% 23.94% 43.16% Apr/29
Sugar
USd/Lbs
17.10 0.20 -1.16% 1.06% 14.61% 10.39% Apr/29
Tea
USD/Kgs
2.77 0.00 0.00% 2.59% 1.84% -3.48% Apr/29
Corn
USd/BU
703.0000 3.75 0.54% 7.25% 24.59% 45.25% Apr/30

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
20.42 0.00 0.00% -0.44% 1.59% 12.57% Apr/29
Feeder Cattle
USd/Lbs
134.4750 0.60 0.45% 1.68% -8.41% -3.22% Apr/29
Live Cattle
USd/Lbs
119.4750 0.53 0.44% 0.97% -1.24% 3.87% Apr/29
Lean Hogs
USd/Lbs
108.7250 2.55 -2.29% 1.19% 7.73% 54.71% Apr/29
Poultry
BRL/Kgs
6.67 0.00 0.00% 2.93% 2.14% 10.98% Apr/29

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
4.4990 0.00 0.02% 5.10% 12.96% 27.85% Apr/30
Lithium
CNY/T
90,000.00 0.00 0.00% 0.00% -33.82% 93.55% Apr/30
Bitumen
CNY/T
2,940.00 4.00 0.14% 2.94% 3.23% 23.43% Apr/29
Steel
CNY/T
5,363.00 31.00 0.58% 3.27% 11.27% 27.09% Apr/29
Coal
USD/T
90.40 0.55 0.61% 0.58% 0.44% 11.30% Apr/29
Palladium
USD/t.oz
2,958.11 1.83 0.06% 3.61% 12.94% 20.85% Apr/30
Cobalt
USD/T
47,100.00 0.00 0.00% -5.33% -6.73% 46.32% Apr/29
Lead
USD/T
2,080.57 0.00 0.00% 2.57% 6.87% 5.31% Apr/29
Aluminum
USD/T
2,415.00 15.00 0.63% 2.65% 8.38% 21.92% Apr/29
Tin
USD/T
28,362.50 15.00 -0.05% 6.07% 12.18% 39.61% Apr/29
Zinc
USD/T
2,912.00 12.50 -0.43% 4.22% 4.35% 5.85% Apr/29
Nickel
USD/T
17,410.00 0.00 0.00% 8.68% 9.51% 5.17% Apr/29
Molybdenum
USD/Kg
27.00 0.00 0.00% 0.00% -3.74% 14.89% Apr/29
Iron Ore
USD/T
192.00 0.00 0.00% 3.50% 16.36% 21.14% Apr/29
Soda Ash
CNY/T
1,752.00 0.00 0.00% 0.00% 0.92% 30.75% Apr/29
Neodymium
CNY/T
695,000.00 0.00 0.00% -2.11% -16.52% 11.65% Apr/29
Iron Ore 62% fe
USD/T
179.31 0.51 0.29% 1.68% 7.38% 15.06% Apr/29
Rhodium
USD/t oz.
29,350.00 450.00 1.56% 1.21% 11.81% 72.65% Apr/29
Manganese
CNY/T
30.75 0.00 0.00% 0.00% 1.65% -1.60% Apr/29

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
213.26 0.33 0.16% 3.08% 8.55% 19.61% Apr/29
LME Index
Index Points
4,182.60 0.00 0.00% 4.52% 10.53% 22.50% Apr/29
S&P GSCI
Index Points
2,425.09 0.00 0.00% 2.99% 7.67% 22.67% Apr/29