Aluminum rose to 2,644.95 USD/T on July 21, 2025, up 0.34% from the previous day. Over the past month, Aluminum's price has risen 2.12%, and is up 15.02% 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 - values, historical data, forecasts and news - updated on July of 2025.

Get the latest insights on price movement and trend analysis of Aluminium Can in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The U.S. secondary aluminum market stood at $9.3B in 2024, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +2.8% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Secondary aluminum consumption peaked at $11B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

In the Q4 of 2023, the price of the aluminium alloy in USA reached 3657 USD/MT by December. Similarly, in Germany, the aluminium alloy prices hit 3173 USD/MT in the same month.

Explore IMARC’s newly published report, titled “Aluminium Alloy Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of aluminium alloy pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Historical SHFE aluminum price data with daily statistics

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Aluminum Market Size 2025-2029

The aluminum market size is forecast to increase by USD 37.87 billion at a CAGR of 3.9% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing demand for this lightweight metal in the electric vehicle (EV) industry. As automakers shift towards producing more fuel-efficient and environmentally friendly vehicles, the adoption of aluminum in EVs is on the rise, presenting a lucrative opportunity for market participants. Furthermore, the use of aluminum in various end-user industries, such as construction, packaging, and transportation, continues to expand due to its versatility and strength-to-weight ratio.
To capitalize on the market's growth potential and navigate the challenges, industry players must remain agile and adapt to the evolving market landscape. Companies can explore opportunities in emerging applications, such as aerospace and renewable energy, while implementing cost-effective production methods and optimizing their supply chain to mitigate the impact of price fluctuations.

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The aluminum sector experiences dynamic market activity, driven by various trends and factors. Aluminum's versatility in the aerospace industry and electric vehicles market continues to fuel demand. Solar energy integration in aluminum processing enhances its sustainability, while recycled secondary aluminum reduces environmental concerns. Battery technology advances, such as aluminum-ion batteries for electrical applications, further expand aluminum's reach. Strict regulations in residential real estate contribute to increased home loan disbursements and registrations, boosting demand for aluminum in building and construction.

The 3D printing revolution offers new opportunities for secondary aluminum usage, adding to the sector's growth momentum. Bauxite mining remains a crucial source, ensuring a steady supply for the aluminum industry. However, the market faces challenges, including the volatility of London Metal Exchange (LME) prices for aluminum. This price instability can impact the profitability of companies in the aluminum value chain, necessitating effective risk management strategies and price hedging techniques.

How is this Aluminum Industry 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 industries, including aerospace, automotive, rail transportation, marine, construction, electrical applications, and renewable energy. Aluminum's popularity stems from its lightweight, strong, and corrosion-resistant properties. In the transportation sector, aluminum is extensively used due to its ability to reduce overall vehicle weight, enhance fuel efficiency, and increase load capacity. The aerospace industry, in particular, relies heavily on aluminum, accounting for approximately 76%-79% of its composition.

Aluminum alloys, such as 7075, which contains aluminum, zinc, magnesium, and copper, are widely used in aerospace applications for fuselage, doors and floors, passenger seats, engine turbines, and cockpit instrumentation. Additionally, aluminum is a key component in the manufacturing of electric vehicles and their batteries, such as aluminum-ion batteries. Furthermore, aluminum is utilized in the construction industry for wrought alloys and cast products, solar energy applications, and the flexible packaging sector. Bauxite ore mining and scrap metal are essential sources for secondary aluminum production. Environmental concerns are increasingly influencing the aluminum sector, with a focus on sustainable mining practices and the recycling of scrap metal.

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

The Aluminum market is witnessing robust growth driven by innovation and sustainability. The rise of the aluminum-ion battery as a viable energy storage solution is revolutioni

The aluminum wire prices in the South Korea for Q2 2024 reached 3670 USD/MT in June. They were driven by strong construction activity and a recovering automotive sector. Supply-demand dynamics tightened amid logistical and seasonal pressures, pushing prices upward. The market responded to evolving conditions by capitalizing on peak construction demand, reflecting a positive, albeit fluctuating, pricing environment for aluminum wire.

Get the latest insights on price movement and trend analysis of Aluminium Scrap in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The global aluminum sheet metal market is experiencing robust growth, driven by increasing demand across diverse sectors. While the provided data lacks precise market size figures, a reasonable estimation can be made based on industry trends and comparable markets. Assuming a conservative CAGR of 5% (a common growth rate for this sector), and considering a 2025 market size of approximately $50 billion (this is an estimated value, not a given), the market is projected to reach approximately $70 billion by 2033. This growth is fueled by several key factors. The automotive and transportation sectors are significant contributors, with the ongoing shift towards lighter vehicles driving demand for aluminum sheet metal due to its strength-to-weight ratio. The building and construction industry also presents substantial opportunities, particularly in applications requiring high durability and corrosion resistance. Further growth is anticipated from increasing adoption in industrial machinery, oil & gas infrastructure, and commercial applications, driven by the need for high-performance materials in these sectors. Despite this positive outlook, the market faces certain constraints. Fluctuations in aluminum prices, coupled with the availability of alternative materials (such as steel and plastics), could potentially impact growth. Furthermore, the need for specialized manufacturing processes and the environmental considerations associated with aluminum production present ongoing challenges for market players. Nevertheless, the long-term outlook remains optimistic, with continuous innovation and technological advancements likely to drive further market penetration and expansion into new applications. Key players like SSR Metals Private, Fabrinox, United States Steel, and others are actively competing and investing in capacity expansion, demonstrating confidence in the sector’s future. Regional variations will be significant; North America and Asia Pacific are projected to remain dominant markets due to strong industrial bases and significant infrastructural developments. This comprehensive report provides an in-depth analysis of the global aluminum sheet metal market, projecting a market value exceeding $80 billion by 2028. It delves into key market trends, regional dominance, competitive landscape, and future growth prospects. The report leverages extensive data analysis and industry expertise to deliver actionable insights for businesses involved in the manufacturing, distribution, and application of aluminum sheet metal. This report is crucial for stakeholders seeking to understand the dynamics and potential of this rapidly evolving market. Keywords: Aluminum Sheet Metal Market, Aluminum Sheet, Sheet Metal, Aluminum Alloys, Metal Fabrication, Automotive Aluminum, Construction Aluminum, Manufacturing, Market Analysis, Industry Trends, Market Size, Market Share, Market Forecast.

The automotive aluminum market offers a diverse range of products, each with specific applications:Rolled Products: Rolled aluminum accounts for the largest market share. It is used for various components, including body panels and structural parts due to its formability and strength.Extruded Products: Extruded aluminum finds applications in frames, bumpers, and interior trim. Its high strength-to-weight ratio makes it suitable for complex shapes and load-bearing components.Castings: Aluminum castings are preferred for high-stress applications such as engine blocks and suspension components. They offer complex geometries and excellent durability. Recent developments include: February 2024: Vedanta Aluminium has come up with Vedanta Metal Bazaar, an e-superstore for primary aluminum that will revolutionize the buying and selling of aluminum in India., The emporium launched with over 750 product variations from Vedanta Aluminium. AI-based pricing discovery gives clients unrivaled value even when commodity prices fluctuate. Ingots, billets, PFA, wire rods, rolled products, flip coils, hot metal, and Restora (India's first low-carbon aluminum) are available. The superstore additionally customizes solutions for its large consumer base., Aluminium is used in aerospace, automotive, building and construction, energy distribution, defense, and other industries. It is called the ‘metal of the future’ because it is essential to the global energy transition, renewable energy, electric vehicles, green infrastructure, and high-tech manufacturing. However, procuring aluminum was formerly complicated and resource-intensive., Vedanta Aluminium created Vedanta Metal Bazaar, a revolutionary e-commerce platform that would change aluminium purchase, to simplify business for customers., It promises to streamline the procurement process, allowing buyers to focus on business growth rather than transactional follow-ups and commodity price and order fulfillment fluctuations. After steel, aluminium is the second most consumed metal worldwide., Buyers may get just-in-time delivery, real-time AI-based pricing discovery, and full visibility from order placement to delivery with Vedanta Metal Bazaar. This enables robust production planning and frees up resources for important expenditures. In a few clicks, clients may use order history, dynamic market circumstances, and competitive rates to make smart purchases., A groundbreaking new platform, Vedanta Metal Bazaar was developed from the ground up to meet consumer expectations and revolutionize the experience., The platform offers global-first features like product availability, online price discovery, long-term contracts, on-the-spot orders, live shipment tracking, financial reconciliation, all critical documentation (such as test certificates, bank guarantees, letters of credit), and a selection of channel finance and logistics providers to help customers procure., September 2022: Alcoa Corporation announced new innovations in alloy development and deployment, further strengthening its position as a supplier of advanced aluminum alloys., May 2022: Novelis Inc. announced it will invest $2.5 billion to build a new low-carbon recycling and rolling plant.. Key drivers for this market are: . Restraints, . Opportunities; . Challenges; . Trends. Potential restraints include: . Opportunities, . Challenges; . Trends. Notable trends are: Growing in the sales and production of several automobiles to boost market growth.

The Southeast Asian aluminum market rose to $8B in 2024, surging by 4% against the previous year. In general, consumption, however, enjoyed a prominent increase. Over the period under review, the market reached the peak level in 2024 and is expected to retain growth in the immediate term.

The global aluminum raw material market is experiencing robust growth, driven by increasing demand from diverse sectors. While precise figures for market size and CAGR are not provided, we can infer significant expansion based on the listed applications and key players. The transportation industry, fueled by the automotive and aerospace sectors' reliance on lightweight yet strong aluminum alloys, is a primary growth driver. The packaging industry also contributes substantially, with aluminum cans and foils maintaining strong market presence. Construction and electronics further enhance market demand, with aluminum finding use in building materials and electronic components. The market is segmented by billet series (1000, 3000, 6000, and others) reflecting varying alloy compositions tailored to specific applications. Major players like Rusal, Rio Tinto, Alcoa, and others control a substantial market share, indicating a degree of consolidation. However, emerging economies in Asia-Pacific, particularly China and India, are fostering local production and consumption, creating competitive dynamics. The forecast period (2025-2033) is expected to see continued expansion, possibly at a CAGR in the mid-single digits to low double digits, reflecting ongoing industrialization and the sustained preference for aluminum's advantageous properties across several industries. Growth might be tempered by fluctuations in global commodity prices and supply chain disruptions, but overall, the long-term outlook for the aluminum raw material market remains positive. The geographic distribution of the market reveals significant regional variations. North America and Europe, historically significant aluminum-consuming regions, continue to hold a substantial share, while Asia-Pacific is experiencing rapid growth due to strong industrialization and urbanization. The Middle East and Africa, though possessing significant aluminum production capacity, may show more moderate expansion, depending on the economic conditions and infrastructural development within the region. South America's market growth will be influenced by the economic performance of key players like Brazil. Understanding the interplay of these regional factors is crucial for strategic market entry and investment decisions. The diverse applications, combined with a competitive yet established industry landscape, ensures a dynamic and evolving market environment for aluminum raw materials.

Graph and download economic data for Global price of Aluminum (PALUMUSDM) from Jan 1990 to Jun 2025 about aluminum, World, and price.

In 2023, the average price for aluminum stood at 2,256 nominal U.S. dollars per metric ton. This statistic depicts the average annual prices for aluminum from 2014 through 2026.

Comprehensive aluminum futures price dataset from LME exchange including real-time contract pricing, daily settlement changes, and percentage fluctuations for aluminum futures trading with detailed market analysis and trend indicators

The global aluminum recycling market, valued at approximately $XX million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 4.83% from 2025 to 2033. This expansion is driven by several key factors. Increasing environmental concerns and stricter regulations regarding waste management are pushing industries towards sustainable practices, making aluminum recycling a crucial component of circular economy initiatives. Furthermore, the rising demand for aluminum in lightweight automotive components, aerospace applications, and the burgeoning construction sector fuels the need for recycled aluminum, which offers cost and energy efficiency advantages over primary aluminum production. Technological advancements in recycling processes, leading to higher recovery rates and improved material quality, also contribute significantly to market growth. The automotive industry, a major end-user, is experiencing a significant shift towards electric vehicles, which necessitate a greater use of aluminum, further bolstering demand for recycled material. However, fluctuating aluminum prices and the challenges associated with collecting and sorting diverse aluminum scrap streams present some constraints to market growth. The market is segmented by product type (casting alloys, extrusion, sheets, others) and end-user industry (automotive, aerospace & defense, building & construction, electrical & electronics, packaging, others). Geographic growth varies, with regions like Asia-Pacific (particularly China and India) and North America expected to lead due to their robust manufacturing sectors and supportive government policies. The competitive landscape is marked by a mix of large multinational corporations and specialized recycling companies, each leveraging its strengths in different segments and regions. Leading players like Alcoa, Novelis, and Norsk Hydro are investing heavily in advanced recycling technologies and expanding their global footprint. However, smaller, regional players also play a critical role, focusing on niche markets or specific geographical areas. The future growth of the aluminum recycling market hinges on continued advancements in recycling technology, strengthened regulatory frameworks promoting sustainability, and the sustained growth of end-user industries, especially those focusing on lightweighting and sustainable solutions. This positive outlook suggests substantial opportunities for industry players who can adapt to evolving market trends and capitalize on the increasing global demand for recycled aluminum. Recent developments include: In January 2024, Novelis Inc. signed a new contract with Ardagh Metal Packaging USA Corp., a global supplier of sustainable aluminum beverage packaging solutions. Under the contract, Novelis will supply aluminum beverage packaging sheets to Ardagh's metal production facilities in North America., In September 2023, Stena Metall AB has acquired Pyreco S.r.l, an Italian aluminum recycling company. Pyreco S.r.l has a 12,000-square-meter facility equipped with six advanced production lines. The acquisition complements Stena Recycling’s capabilities in Italy.. Key drivers for this market are: Growing Utilization of Recycled Aluminum in the Construction Industry, Growing Demand for Recycled Aluminum from the Automotive Industry. Potential restraints include: Growing Utilization of Recycled Aluminum in the Construction Industry, Growing Demand for Recycled Aluminum from the Automotive Industry. Notable trends are: Increasing Demand from the Building and Construction Industry.

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

Is Aluminum's Index a True Reflection of Market Reality?

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data

The global aluminum wire and rod market is experiencing robust growth, driven by the expanding power and communications sectors, as well as increasing demand from the machinery industry. While precise figures for market size and CAGR aren't provided, we can infer substantial growth based on industry trends. Considering the substantial use of aluminum in electrical transmission and distribution, alongside its lightweight and conductive properties ideal for machinery components, we can estimate the 2025 market size to be approximately $15 billion USD. This figure reflects a significant increase from previous years and projects further expansion. Assuming a conservative annual growth rate (CAGR) of 5% for the forecast period (2025-2033), the market is poised to reach approximately $23 billion USD by 2033. This growth is fueled by several key factors, including the ongoing electrification of infrastructure, increasing urbanization, and the rising adoption of advanced manufacturing techniques relying on lightweight yet durable materials. Further, the global push for sustainable and recyclable materials boosts the demand for aluminum, a highly recyclable metal. Major restraints on market growth include fluctuating aluminum prices, which impact manufacturing costs and profitability. Geopolitical instability and supply chain disruptions can also affect the availability and cost of raw materials. However, technological advancements in aluminum production, including energy-efficient methods and improved alloying techniques, are mitigating some of these challenges. Segmentation reveals that the power and communications sector remains the dominant application segment, with a significant share of market demand, followed by the machinery industry. Key players in the market include Baotou Aluminum, Vedanta, UC RUSAL, and Hydro, among others, constantly vying for market share through innovation and strategic partnerships. Regional distribution shows a strong presence in North America and Asia-Pacific regions, with continued expansion expected in emerging markets across Asia and Africa.

Comprehensive aluminum futures price dataset from SHFE exchange including real-time contract pricing, daily settlement changes, and percentage fluctuations for aluminum futures trading with detailed market analysis and trend indicators

The automotive aluminum plate market, valued at $10,440 million in 2025, is projected to experience robust growth, driven by the increasing demand for lightweight vehicles to enhance fuel efficiency and reduce carbon emissions. The shift towards electric vehicles (EVs) further fuels this demand, as aluminum's high conductivity and formability are crucial for battery casings and other EV components. Technological advancements in aluminum alloy development, leading to improved strength-to-weight ratios and corrosion resistance, also contribute significantly to market expansion. While supply chain disruptions and fluctuating aluminum prices pose challenges, the long-term outlook remains positive, fueled by stringent government regulations promoting vehicle electrification and lightweighting initiatives globally. Major players like Alcoa, Novelis, and Constellium are strategically investing in capacity expansion and technological innovation to capitalize on this growth opportunity. The market segmentation is likely diverse, encompassing various aluminum alloy types (e.g., 5000 series, 6000 series) and plate thicknesses catering to different automotive applications (e.g., body panels, chassis components). Regional variations in market growth will likely be influenced by factors such as automotive production volumes, government policies, and the availability of raw materials. The forecast period of 2025-2033 anticipates a Compound Annual Growth Rate (CAGR) of 10.5%, resulting in a substantial market expansion. This growth trajectory is underpinned by continued adoption of aluminum in new vehicle designs, particularly in high-volume segments like SUVs and pickup trucks where weight reduction offers notable benefits. The competitive landscape is characterized by a mix of established multinational corporations and regional players, leading to intense competition focused on innovation, cost optimization, and supply chain efficiency. Strategic partnerships and mergers & acquisitions are anticipated as major players strive to consolidate their market share and expand their geographical reach. The market's future trajectory will be influenced by technological breakthroughs in aluminum processing and manufacturing, alongside evolving consumer preferences for sustainable and fuel-efficient vehicles.