Aluminum futures in the UK were near $3,100 per tonne in February, not too far from the three-year high of $3,270 on January 28th on the outlook of robust demand against low supply growth. Output in China is expected to stall this year after the major producer hit its output cap of 45 million tons in 2025, and the government's campaign against expanding manufacturing capacity limited expectations of a possible raise to the cap. However, attempts by Chinese smelters to build new alternative plants in Indonesia continued to face troubles amid higher energy costs and local regulations risks. Meanwhile, high energy costs, equipment failure, and difficulty in sourcing bauxite, suspended key smelters in other countries including Iceland, Mozambique, and Australia. In turn, the US President Trump administration pushed back against reports that tariffs on aluminum could be slashed from their current level of 50%. The taxes drove the premium on US aluminum over UK benchmarks to a record.

Aluminum fell to 3,146.90 USD/T on February 27, 2026, down 0.04% from the previous day. Over the past month, Aluminum's price has fallen 3.68%, but it is still 20.66% higher than a year ago, 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 February 28 of 2026.

Aluminum fell to 3,146.90 USD/T on February 27, 2026, down 0.04% from the previous day. Over the past month, Aluminum's price has fallen 3.68%, but it is still 20.66% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Aluminum is expected to trade at 3118.79 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 3265.06 in 12 months time.



Price Day Month Year Date
Coal 119.15 2.95 2.54% 9.51% 19.03% Feb/26
Bitumen 3,368.00 25.00 0.75% -1.46% -8.70% Feb/27
Cobalt 56,290.00 0 0% 0% 146.02% Feb/26
Lead 1,966.55 -16.80 -0.85% -2.90% -1.41% Feb/27
Aluminum 3,146.90 -1.20 -0.04% -3.68% 20.66% Feb/27
Tin 54,434.00 736 1.37% -0.81% 71.69% Feb/26
Zinc 3,319.75 -53.05 -1.57% -1.92% 18.53% Feb/27
Nickel 17,695.00 -35 -0.20% -4.04% 13.50% Feb/27
Molybdenum 535.00 5.00 0.94% 4.90% 14.07% Feb/27
Palladium 1,792.50 44.00 2.52% -12.37% 98.84% Feb/27
Gallium 1,805.00 0 0% 0% 3.44% Feb/27
Germanium 14,600.00 0 0% 2.46% -8.46% Feb/27
Manganese 31.85 0.30 0.95% 0.95% 5.29% Feb/27
Indium 4,750.00 0 0% 23.38% 83.04% Feb/27
Soda Ash 1,182.00 0 0% -2.15% -21.09% Feb/27
Neodymium 1,155,000.00 10000 0.87% 30.51% 105.52% Feb/27
Tellurium 775.00 0 0% 3.33% 11.51% Feb/27
Rhodium 11,850.00 -100 -0.84% 9.22% 150.79% Feb/27


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.
Actual Previous Highest Lowest Dates Unit Frequency
3146.90 3148.10 4103.00 1022.70 1989 - 2026 USD/Tonne Daily

News Stream
Aluminum Holds Near 3-Year High
Aluminum futures in the UK were near $3,100 per tonne in February, not too far from the three-year high of $3,270 on January 28th on the outlook of robust demand against low supply growth. Output in China is expected to stall this year after the major producer hit its output cap of 45 million tons in 2025, and the government's campaign against expanding manufacturing capacity limited expectations of a possible raise to the cap. However, attempts by Chinese smelters to build new alternative plants in Indonesia continued to face troubles amid higher energy costs and local regulations risks. Meanwhile, high energy costs, equipment failure, and difficulty in sourcing bauxite, suspended key smelters in other countries including Iceland, Mozambique, and Australia. In turn, the US President Trump administration pushed back against reports that tariffs on aluminum could be slashed from their current level of 50%. The taxes drove the premium on US aluminum over UK benchmarks to a record.
2026-02-20
Aluminum Falls on Likely US Tariff Slash
Aluminum futures in the UK fell to $3,050 per tonne, maintaining the pullback since the three-year high of $3,270 on January 28th, following reports that the US is due to reduce their tariffs on the metal. The Trump administration was planning to scale back tariffs on aluminum that were doubled to 50% last year, to address sticky inflation in for manufacturers. The move was due to improve the flow of metal into the US in the near term, prompting traders to sell metal from LME warehouses. Still, aluminum remained higher on the year amid risks to supply. Output in China is expected to stall after the major producer hit its output cap of 45 million tons last year. Moves by Chinese smelters to build new alternative plants in Indonesia continued to face troubles amid higher energy costs and local regulations risks. Meanwhile, high energy costs, equipment failure, and difficulty in sourcing bauxite, suspended key smelters in other countries including Iceland, Mozambique, and Australia.
2026-02-13
Aluminum Holds Decline from 3-Year High
Aluminum futures in the UK fell toward $3,100 per tonne from the three-year high of $3,270 on January 28th, tracking the aggressive pullback for base metals after traders reconsidered their speculative positions. Base metals eased from their respective peaks from earlier in the year as investors reconsidered concerns of a dollar debasement and speculative usage of metals for soaring datacenter investment globally. Still, contracts remained higher this year an the outlook of lower supply by the world's top producers. Output of primary aluminum in China is expected to stall after the major producer hit its output cap of 45 million tons last year. Moves by Chinese smelters to build new alternative plants in Indonesia continued to face troubles amid higher energy costs and local regulations risks. Meanwhile, high energy costs, equipment failure, difficulty in sourcing bauxite, and geopolitical risks suspended key smelters in other countries including Iceland, Mozambique, and Australia.
2026-02-09