Aluminum fell to 2,884.05 USD/T on December 2, 2025, down 0.29% from the previous day. Over the past month, Aluminum's price has fallen 0.99%, but it is still 10.42% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Aluminum - values, historical data, forecasts and news - updated on December of 2025.

Learn about the various factors contributing to the rise in aluminum prices, including increased demand from the automotive and construction industries, ongoing trade tensions, and the rising cost of energy.

View monthly updates and historical trends for Aluminum Price. Source: World Bank. Track economic data with YCharts analytics.

The average price of aluminum has fluctuated in recent years, and since 2020 it has increased significantly. In 2024, the average price of the metal was 2,419 U.S. dollars per metric ton, compared to 1,704 U.S. dollars in 2020.

In 2024, the average price for aluminum stood at 2,419 nominal U.S. dollars per metric ton. This statistic depicts the average annual prices for aluminum from 2014 through 2026.

This statistic depicts the average monthly prices for aluminum worldwide from January 2014 through September 2025. In September 2025, the average monthly price for aluminum stood at ******** nominal U.S. dollars per metric ton.

Throughout this year, global aluminum prices continuously grew and in October 2021 gained 62% compared to October 2020. China's output has decreased due to restrictions on energy usage and halted production at a 300K-ton capacity factory in Yunnan province. As a consequence, the average yearly price in 2022 is projected to rise by 6% y-o-y. Despite rising prices, the U.S., the world´s largest aluminum importer, expanded its purchases by 4.5% against 2020.

Aluminum prices in , October, 2025 For that commodity indicator, we provide data from January 1960 to October 2025. The average value during that period was 1454.43 USD per metric ton with a minimum of 496.04 USD per metric ton in March 1962 and a maximum of 3577.86 USD per metric ton in June 1988. | TheGlobalEconomy.com

The global aluminium market rose to $X in 2022, with an increase of X% against the previous year. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. Over the period under review, the global market hit record highs in 2022 and is expected to retain growth in the immediate term.

According to Cognitive Market Research, the global Aluminium Scrap market size is USD 8152.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 3260.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 2445.66 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1875.01 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 407.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 163.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The Aluminium held the highest Aluminium Scrap market revenue share in 2024.

Market Dynamics of Aluminium Scrap Market

Key Drivers of Aluminium Scrap Market

Rising Primary Aluminium Prices to Increase the Demand Globally

The price fluctuation of raw aluminum greatly impacts the demand for aluminum scrap. The demand for aluminum scrap increases because companies look for more affordable options when basic aluminum prices rise. This change happens because it becomes more cost-effective to employ scrap aluminum in manufacturing operations rather than paying more for primary aluminum. As a result, industries are increasingly using aluminum waste as a replacement material to save costs without sacrificing production efficiency. As a result, changes in primary aluminum pricing significantly impact market dynamics, with increased prices frequently resulting in an increase in the demand for aluminum scrap across various industrial sectors.

Growing Demand for Aluminum to Propel Market Growth

The need for aluminum scrap is rising due to the growing demand for aluminum in various industries, including packaging, construction, and transportation. The need for scrap aluminum increases with industries' continued reliance on aluminum due to its lightweight, strong, and recyclable qualities to meet production demands. Since aluminum is a necessary component of many manufacturing processes, there is a direct relationship between the demand for aluminum goods and the demand for aluminum scrap. This pattern emphasizes how crucial aluminum scrap is to maintaining production cycles and satisfying the growing need for aluminum across various industrial applications.

Restraint Factors of Aluminium Scrap Market

Strict Quality Requirements to Limit the Sales

Strict quality standards present a major obstacle in the market for aluminum scrap. Every application has unique requirements for quality, and not meeting these requirements can lead to rejection and financial losses for processors and collectors alike. Proper sorting and minimal contamination are essential to guarantee that scrap satisfies the requirements for usage in manufacturing processes. It is imperative to allocate resources toward sophisticated sorting technology and enforce stringent quality control methods to minimize the likelihood of rejection and preserve the integrity of the aluminum scrap supply chain. Strict adherence to quality standards protects against monetary losses and builds industry confidence and dependability, ensuring aluminum scrap's continued viability as a valuable resource.

Ultimately, as the industry seeks equilibrium between scientific innovation and practical utility, the challenge posed by limited stability becomes a catalyst for refinement, prompting the Aluminium Scrap market to navigate the delicate balance between the inherent characteristics of these compounds and the demands of robust sales and accessibility.

Impact of COVID-19 on the Aluminium Scrap Market

The COVID-19 outbreak has significantly impacted the market for aluminum scrap. Global supply chain disruptions, a decline in production, and varying demand have presented the sector with formidable obstacles. Movement restrictions and lockdown measures made collecting and processing scrap more difficult, affecting the supply of raw mate...

In Q3 2025, North America, the Aluminium Sheet Price Index rose by 4.9% quarter-over-quarter, driven by tariff-induced feedstock cost shock. Check detailed insights for Europe, MEA and APAC.

The Chinese aluminum market rose markedly to $124.9B in 2024, growing by 9% against the previous year. Over the period under review, consumption enjoyed a resilient increase. Over the period under review, the market attained the peak level at $139.9B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

Find out about the latest aluminum price fluctuations in India, with an average increase of 3% at $2,451 per ton over 2022. Stay up-to-date with the wildest fluctuations by reading our article now.

Russia Average World Price: Aluminium data was reported at 2,299.700 USD/Ton in May 2018. This records an increase from the previous number of 2,254.700 USD/Ton for Apr 2018. Russia Average World Price: Aluminium data is updated monthly, averaging 1,816.800 USD/Ton from Jun 2000 (Median) to May 2018, with 180 observations. The data reached an all-time high of 2,852.000 USD/Ton in May 2006 and a record low of 1,283.900 USD/Ton in Oct 2001. Russia Average World Price: Aluminium data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PC002: Average World Prices, Crude Oil Export Price, Crude Oil Export Duty.

China Transaction Price: 36 City Avg: Aluminum, A00 Aluminum Ingot data was reported at 21,284.000 RMB/Ton in Oct 2025. This records an increase from the previous number of 21,166.140 RMB/Ton for Sep 2025. China Transaction Price: 36 City Avg: Aluminum, A00 Aluminum Ingot data is updated monthly, averaging 15,028.000 RMB/Ton from Jan 2001 (Median) to Oct 2025, with 298 observations. The data reached an all-time high of 23,216.140 RMB/Ton in Mar 2022 and a record low of 10,773.000 RMB/Ton in Nov 2015. China Transaction Price: 36 City Avg: Aluminum, A00 Aluminum Ingot data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PA: Price Monitoring Center, NDRC: 36 City Monthly Avg: Transaction Price: Production Material.

According to Cognitive Market Research, The Global Aluminium Billets market size is USD 16.8 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2030.

Growing construction projects in emerging economies drive demand for lightweight and corrosion-resistant aluminum billets, stimulating market growth.
Aluminum's recyclability and sustainability drive increased demand for aluminum billets, benefiting companies that embrace recycled materials.
Small-diameter billets are the fastest-growing segment in the Aluminium Billets market, catering to precision manufacturing in industries like electronics and automotive.
Asia Pacific will continue to lead, whereas the North American Aluminium Billets market will experience the strongest growth until 2030.

Construction Boom Drives Aluminium Billets Demand

Increasing construction and infrastructure projects, especially in emerging economies, drive the demand for aluminum billets. This is due to the lightweight, corrosion-resistant, and malleable nature of aluminum, making it a preferred choice for architectural and structural applications. The rise in construction projects boosts the consumption of aluminum billets, stimulating market growth. It leads to higher production volumes, increased sales, and expansion opportunities for aluminum billet manufacturers, positively impacting their market position.

Recyclability and Sustainability Boost Aluminium Billets Market

Aluminum is highly recyclable, and its production from recycled materials consumes significantly less energy compared to primary production. Sustainability considerations drive the adoption of aluminum billets in various applications. The sustainability factor appeals to environmentally conscious industries and consumers, increasing the demand for aluminum billets. Companies incorporating recycled aluminum billets in their products gain a competitive edge, propelling market growth and encouraging sustainable practices in the aluminum industry.

Market Dynamics of the Aluminium Billets

Supply Chain Disruptions Impact Aluminium Billets Market

The Aluminium Billets market faces the restraint of supply chain disruptions, which have been triggered by external factors such as geopolitical tensions, trade restrictions, and logistics challenges. These disruptions have a cascading effect on the production and availability of aluminum billets, causing delays and fluctuations in the market. Manufacturers may need help in securing a steady supply of raw materials, affecting their production capabilities and potentially leading to increased production costs.

Impact of COVID–19 on the Aluminium Billets Market

The COVID-19 pandemic significantly impacted the Aluminium Billets market. Supply chain disruptions, driven by lockdowns and restrictions, disrupted the global availability of aluminum billets, essential raw materials for various industries. Many key end-use sectors, including construction, automotive, and aerospace, witnessed reduced demand, causing a ripple effect on aluminum billet orders. This demand drop resulted in price volatility for aluminum billets, affecting both manufacturers and end-users. Operating amid pandemic-induced challenges, manufacturers faced the dual task of ensuring workforce safety and maintaining production continuity. To counter the economic uncertainties, companies turned to cost-efficiency measures, impacting production and the overall demand for aluminum billets in a market marked by pandemic-induced fluctuations. Introduction of The Aluminum Billets Market

Increasing construction and infrastructure projects, especially in emerging economies, boost the demand for aluminum billets due to aluminum's lightweight and corrosion-resistant properties. This heightened demand stimulates market growth, leading to higher production and sales volumes, positively impacting aluminum billet manufacturers' market position. Aluminum's recyclability and lower energy consumption in recycled material production make it an environmentally conscious choice. The demand for aluminum billets is rising as sustainability becomes a priority for industries and consumers. Companies embracing recycled aluminum billets in their products gain a competitive edge, fostering market growth and promoting sustainability in the aluminum industry.

These developments empower businesses to offer bet...

Transaction Price: Aluminum: AOO: Xian data was reported at 14,730.000 RMB/Ton in Nov 2019. This records an increase from the previous number of 14,390.000 RMB/Ton for Oct 2019. Transaction Price: Aluminum: AOO: Xian data is updated monthly, averaging 15,500.000 RMB/Ton from Dec 1995 (Median) to Nov 2019, with 267 observations. The data reached an all-time high of 22,716.670 RMB/Ton in May 2006 and a record low of 10,850.000 RMB/Ton in Nov 2015. Transaction Price: Aluminum: AOO: Xian data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PG: Aluminum Price.

According to Cognitive Market Research, the global Aluminum Oxide market size is USD 5518.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 6.30% from 2023 to 2030.

North America held the major market of around 40% of the global revenue with a market size of USD 2207.28 million in 2023 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2030
Europe accounted for a share of around 30% of the global market size of USD 1655.46 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1269.19 million in 2023 and will grow at a compound annual growth rate (CAGR) of 8.3% from 2023 to 2030
Latin America market of around 5% of the global revenue with a market size of USD 275.91 million in 2023 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2023 to 2030
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 110.36 million in 2023 and will grow at a compound annual growth rate (CAGR) of 6.00% from 2023 to 2030

Growing Demand in Industrial Applications to Provide Viable Market Output

The aluminum oxide market experiences robust growth due to an escalating demand in various industrial applications. Renowned for its hardness, thermal stability, and versatility, aluminum oxide is a cornerstone in manufacturing abrasives, refractories, and ceramics. Industries, including automotive, aerospace, and construction, rely on aluminum oxide for high-performance surface finishing, enhancing product quality and durability. Moreover, the compound's role as a catalyst in the aluminum refining process makes it indispensable for the booming aluminum production sector. As industrial activities continue to expand globally, the demand for aluminum oxide is poised to rise, driven by its critical role in ensuring the efficiency and quality of diverse manufacturing processes. This escalating industrial demand positions aluminum oxide as a key player in providing a viable and dynamic market output.

Rising Demand in Electronics to Propel Market Growth

The aluminum oxide market is experiencing accelerated growth driven by a rising demand in the electronics sector. Aluminum oxide's exceptional electrical insulating properties make it a pivotal component in the production of semiconductors and electronic devices. As the electronics industry continues to advance with innovations in consumer electronics, telecommunications, and emerging technologies like 5G, the demand for aluminum oxide is set to soar. Its application extends to various electronic components, ensuring efficient insulation and reliability. The increasing integration of aluminum oxide in electronic manufacturing processes positions it as a critical material for the evolving tech landscape. This upward trajectory in demand from the electronics industry propels substantial growth in the aluminum oxide market, underscoring its significance in shaping the future of electronic devices and technologies.

Market Restraints of the Aluminum Oxide Market

Raw Material Price Volatility to Restrict Market Growth

Raw material price volatility emerges as a formidable restraint in the aluminum oxide market, notably due to the sensitivity of the industry to fluctuations in bauxite prices. Bauxite, a primary source for aluminum oxide production, experiences price variations influenced by geopolitical factors, supply chain disruptions, and global economic conditions. Sudden spikes in bauxite costs can escalate manufacturing expenses, impacting the overall pricing structure of aluminum oxide products. This price instability poses challenges for manufacturers in maintaining competitive pricing and stable profit margins. Mitigating strategies, such as long-term supply contracts or diversification of raw material sources, become essential for industry players to navigate the uncertainties associated with raw material pricing. The market's resilience and long-term growth are contingent upon effectively managing and adapting to the inherent volatility in the cost of essential raw materials.

Impact of COVID-19 on the Aluminum Oxide Market

The COVID-19 pandemic exerted a multifaceted impact on the aluminum oxide market. Initially, disruptions in global supply chains and reduced industrial activities led to a temporary decline in demand for aluminum oxide across sectors ...

Aluminum prices averaged ***** U.S. dollars per metric ton in the third quarter (Q3) of 2025. That was a slight increase from the previous quarter, when the price of aluminum stood at ***** U.S. dollars per ton.

Snapshot img

Aluminum Market Size 2025-2029

The aluminum market size is valued to increase USD 37.87 billion, at a CAGR of 3.9% from 2024 to 2029. Increasing demand for aluminum in EVs will drive the aluminum market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 40% growth during the forecast period.
By End-user - Transportation segment was valued at USD 47.9 billion in 2023
By Type - Primary aluminum segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 29.49 million
Market Future Opportunities: USD 37871.00 million
CAGR from 2024 to 2029 : 3.9%

Market Summary

The market encompasses the production, manufacturing, and application of aluminum and its alloys. This dynamic market is driven by the increasing demand for lightweight materials in various industries, including automotive and aerospace, where aluminum's strength-to-weight ratio offers significant advantages. In the automotive sector, the rising adoption of electric vehicles (EVs) is fueling growth, with aluminum expected to account for over 40% of the total material usage in EVs by 2025. However, market fluctuations persist due to the volatility of London Metal Exchange (LME) prices for aluminum, presenting both opportunities and challenges for market participants. Despite these challenges, the market continues to evolve, with ongoing research and development in core technologies such as recycling and alloy production driving innovation and efficiency.

What will be the Size of the Aluminum Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Aluminum Market Segmented?

The aluminum industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Transportation
  Construction
  Packaging
  Electrical engineering
  Others


Type

  Primary aluminum
  Secondary aluminum


Technology

  Extrusion
  Casting
  Rolling
  Others


Geography

  North America

    US
    Canada


  Europe

    Germany
    Italy
    Poland
    Spain


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By End-user Insights

The transportation segment is estimated to witness significant growth during the forecast period.

The market encompasses various processes, including alumina refining, smelting, and powder metallurgy, to produce this versatile metal. Aluminum's extensive applications span industries such as aerospace, automotive, rail transportation, and marine, driven by its lightweight properties and excellent corrosion resistance. In the aerospace sector, aluminum's use is prevalent, accounting for approximately 76%-79% of an aircraft's body. Aluminum alloys, like 7075, are widely adopted, containing aluminum, zinc, magnesium, and copper. In the aerospace industry, aluminum's adoption is significant, with the segment projected to expand by 15% in the upcoming years. Simultaneously, the automotive sector anticipates a 12% increase in aluminum usage due to the metal's fuel efficiency and weight reduction benefits.

The rail transportation and marine industries also contribute to the market's growth, with an expected 9% and 8% rise, respectively. The market's evolution is marked by advancements in processes like die casting, elongation percentage testing, and surface treatment, ensuring enhanced mechanical properties. Furthermore, the electrolysis process plays a crucial role in cathode production, while precision casting and forging techniques enable the creation of intricate shapes. In the realm of aluminum alloys, the market offers a diverse range, each with unique properties catering to various applications. For instance, alloying elements like magnesium, zinc, and copper contribute to increased yield strength and improved fatigue strength.

Request Free Sample

The Transportation segment was valued at USD 47.9 billion in 2019 and showed a gradual increase during the forecast period.

Microstructure analysis and conductivity measurement are essential in optimizing alloy compositions. The recycling processes, including secondary aluminum production and anodizing, contribute significantly to the market's sustainability and cost-effectiveness. As the market continues to unfold, rolling mills, anode baking, and grain size distribution analysis will remain crucial in maintaining high-quality aluminum products. In summary, the market is a dynamic and evolving industry, with a strong focus on innovation and sustainability. Its extensive applications across various sectors, such as aerospace, automotive, rail transportation, and marine, underscore its importance in today's economy. The market's cont