Aluminum futures in the UK climbed above $3,780 per tonne, the highest in more than four years, as the market continued to grapple with supply disruptions. Persistent uncertainty over a US-Iran peace deal that could pave the way for the reopening of the Strait of Hormuz has raised the risk that aluminum exports from the Persian Gulf may remain constrained for longer. Supply risks have been further exacerbated by direct attacks on major refiners in the region. EGA’s flagship smelter is expected to take up to a year to return to full capacity, while operations at Bahrain's ALBA remain partially suspended. Meanwhile, Guinea's stricter controls on bauxite exports have added to concerns over tighter raw material supplies. Stress in the market was also reflected in the premium of cash aluminum over three-month contracts, which surged to 19-year highs. Separately, President Donald Trump reduced tariffs on certain steel and aluminum derivative products to 15% from 25%.

Aluminum rose to 3,761.80 USD/T on June 2, 2026, up 0.80% from the previous day. Over the past month, Aluminum's price has risen 5.20%, and is up 52.14% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Aluminum reached an all time high of 4103 in March of 2022. Aluminum - data, forecasts, historical chart - was last updated on June 2 of 2026.

Aluminum rose to 3,761.80 USD/T on June 2, 2026, up 0.80% from the previous day. Over the past month, Aluminum's price has risen 5.20%, and is up 52.14% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Aluminum is expected to trade at 3694.49 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 3906.53 in 12 months time.



Price Day Month Year Date
Coal 140.30 3.55 2.60% 3.50% 33.18% Jun/01
Bitumen 4,357.00 -122.00 -2.72% 2.16% 25.45% Jun/02
Cobalt 56,290.00 0 0% 0% 67.03% Jun/01
Lead 2,047.53 35.20 1.75% 3.73% 3.10% Jun/02
Aluminum 3,761.80 29.85 0.80% 5.20% 52.14% Jun/02
Tin 55,418.00 339 0.62% 12.61% 82.26% May/29
Zinc 3,640.50 68.35 1.91% 8.05% 34.66% Jun/02
Nickel 19,215.00 -10 -0.05% -0.10% 24.17% Jun/02
Molybdenum 592.50 0 0% 1.28% 24.34% Jun/02
Palladium 1,390.00 7.50 0.54% -6.18% 38.10% Jun/02
Gallium 2,125.00 -25.00 -1.16% 2.41% 23.19% Jun/02
Germanium 20,750.00 250 1.22% 10.67% 38.33% Jun/02
Manganese 32.25 -0.50 -1.53% -5.29% 8.40% Jun/02
Indium 4,750.00 0 0% 9.20% 90.38% Jun/02
Soda Ash 1,176.00 0 0% -3.76% -13.40% Jun/02
Neodymium 945,000.00 10000 1.07% -9.57% 73.08% Jun/02
Tellurium 820.00 10.00 1.23% 4.79% 10.81% Jun/02
Rhodium 8,450.00 -250 -2.87% -15.92% 58.69% Jun/02


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. The data is supplied by a third party and, while efforts are made to ensure its accuracy, Trading Economics does not verify the data and makes no representations or warranties regarding its accuracy..
Actual Previous Highest Lowest Dates Unit Frequency
3761.80 3731.95 4103.00 1022.70 1989 - 2026 USD/Tonne Daily

News Stream
Aluminum Hits Fresh 4-Year Highs
Aluminum futures in the UK climbed above $3,780 per tonne, the highest in more than four years, as the market continued to grapple with supply disruptions. Persistent uncertainty over a US-Iran peace deal that could pave the way for the reopening of the Strait of Hormuz has raised the risk that aluminum exports from the Persian Gulf may remain constrained for longer. Supply risks have been further exacerbated by direct attacks on major refiners in the region. EGA’s flagship smelter is expected to take up to a year to return to full capacity, while operations at Bahrain's ALBA remain partially suspended. Meanwhile, Guinea's stricter controls on bauxite exports have added to concerns over tighter raw material supplies. Stress in the market was also reflected in the premium of cash aluminum over three-month contracts, which surged to 19-year highs. Separately, President Donald Trump reduced tariffs on certain steel and aluminum derivative products to 15% from 25%.
2026-06-02
Aluminum Hits 4-year High
Aluminum increased to 3709.00 USD/T, the highest since March 2022. Over the past 4 weeks, Aluminum gained 3.71%, and in the last 12 months, it increased 49.86%.
2026-06-01
Aluminum Rises to Over 4-Year High
Aluminum futures in the UK rose to $3,680 per tonne, the highest in over four years, amid prolonged supply disruptions from the Middle East. The US struck Iranian targets and dimmed recent expectations that an agreement between both countries could restart vessel flows through the Strait of Hormuz. Their naval blockade has halted exports that were responsible for 9% of global supply of aluminum. On top of that, direct attacks on the largest refiners in the region delayed the eventual return of supply from the area, with EGA's flagship plant expected to return to capacity in one year, and Bahrain's ALBA operations being suspended. The resulting surge in natural gas costs also lifted refining costs. Meanwhile, Guinea announced controls of bauxite exports starting on June, adding to the tightness. The mismatch drove the LME aluminum curve to backwardation, with cash contracts trading at a $60 premium to the three-month futures.
2026-05-26