Live Price
$3,200
USD/t

Day High
$3,400
Day Low
$3,200
Source: LME ↗
Last updated: 3/20/2026, 11:25:40 PM
Historical Price Chart

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Aluminum historical price data

Market Analysis

Overview

Aluminum is the world's most widely used non-ferrous metal, prized for its light weight, corrosion resistance, and recyclability. It is essential for transportation, packaging, construction, and increasingly for EV battery enclosures.

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Supply Landscape

China produces approximately 60% of global primary aluminum, with smelting heavily dependent on electricity costs. Bauxite mining is concentrated in Australia, Guinea, and China.

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Demand Drivers

Transportation and construction are the largest demand sectors. Automotive lightweighting and EV adoption are driving structural demand growth, as aluminum replaces heavier materials to extend vehicle range.

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Market Outlook

Aluminum demand benefits from structural trends in lightweighting and urbanization. Supply-side reforms in China and energy cost pressures on smelters support a tightening market balance.

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Aluminum News & Updates

Market Trends
Financial PostMar 19, 2026

Critical Resource Race: The Multi-Billion Dollar Move Toward Secure Supply Chains

Issued on behalf of Eagle Nuclear Energy Corp. VANCOUVER, British Columbia, March 19, 2026 (GLOBE NEWSWIRE) — Equity-Insider.com News Commentary — The U.S. just put over $30 billion on the table to shore up critical supply chains across 54 partner nations. Th…

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Geopolitics
BloombergMar 17, 2026

Copper price dips as LME stockpiles rise to highest in over six years

Copper futures declined 0.6% to $12,775 per metric ton as London Metal Exchange inventories jumped nearly 19,000 tons to 330,375 tons — the highest since September 2019. The stockpile surge reflects weakening physical demand in China and reduced US-bound shipments ahead of potential tariffs. Aluminum also saw volatility due to supply disruption concerns from the Iran conflict.

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Market Trends
Mining.comMar 15, 2026

US launches $500M initiative to boost critical minerals processing

The US Department of Energy announced up to $500 million in funding to expand domestic processing and manufacturing of critical minerals and battery materials. The program targets demonstration and commercial-scale facilities for processing raw feedstocks, recycling critical materials, and battery manufacturing to reduce US dependence on overseas processing.

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Market Trends
Financial PostMar 3, 2026

PDAC: Ontario launches review of critical minerals strategy as the world has ‘dramatically’ changed

Ontario is updating its critical mineral strategy a year ahead of schedule in the face of shifting supply chains and tensions. Read more now

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