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.

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

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.

Learn about the primary raw materials used to produce aluminum, how the global demand and supply dynamics affect the price, and the factors that impact the cost of production. Discover how fluctuations in aluminum prices can affect a company's profitability and the strategies they use to manage price risk.

Learn about the aluminum raw material price index, an important tool that provides valuable information on the price trends of aluminum raw materials. Discover how it can help businesses and investors make informed decisions for long-term growth and success.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Aluminum Sheet and Strip (WPU10250105) from Dec 2003 to Sep 2023 about aluminum, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Learn about the key factors that influence the cost of aluminum raw material, including supply and demand, production costs, energy prices, and government policies, and how fluctuations in these factors can affect the overall cost of aluminum.

Discover the booming aluminum raw material market! This in-depth analysis reveals a $150 billion market in 2025, projected to reach $230 billion by 2033 with a 5% CAGR. Explore key drivers, trends, restraints, and regional breakdowns. Learn about leading players like Rusal, Rio Tinto, and Alcoa.

Discover the booming aluminum raw material market! This comprehensive analysis reveals key trends, CAGR, market size, leading players (Rusal, Rio Tinto, Alcoa), and regional insights (North America, Europe, Asia Pacific) from 2019-2033. Learn about growth drivers, restraints, and lucrative investment opportunities in the aluminum industry.

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 ...

Learn about the factors that determine the price of aluminium raw material, including supply and demand, production costs, and global economic conditions. Discover how fluctuations in electricity prices, trade policies, and inventory levels can impact the price of this valuable metal.

In 2024, the average market spot price of an aluminum ingot was estimated at *** U.S. dollars per pound. Throughout the indicated period, this was by far the highest spot price for aluminum ingots. The fluctuations in aluminum prices can have far-reaching effects on the economy, influencing costs for products ranging from beverage cans to automotive parts. Production of aluminum
The primary production of aluminum in the United States has experienced fluctuations recently, with an estimated production volume of ******* metric tons in 2023. The primary production process involves the melting of alumina into pure aluminum. While the United States is one of the top 10 producers of primary aluminum, China is leading the way in terms of aluminum smelter production, with a production volume of ** million metric tons in 2023.  Price comparison with other base metals The pricing of materials is influenced by various elements, such as manufacturing techniques, availability, and demand in diverse industries. In 2023, of the various base metals, tin was priced approximately at ** U.S. dollars per pound and was the highest priced base metal at that time. In contrast, aluminum had the fourth highest price that year.

South Korea Aluminium data was reported at 2,860.000 USD/Ton in 01 Dec 2025. This records an increase from the previous number of 2,826.000 USD/Ton for 28 Nov 2025. South Korea Aluminium data is updated daily, averaging 2,286.500 USD/Ton from Jul 2021 (Median) to 01 Dec 2025, with 1111 observations. The data reached an all-time high of 3,984.500 USD/Ton in 07 Mar 2022 and a record low of 2,068.500 USD/Ton in 21 Aug 2023. South Korea Aluminium data remains active status in CEIC and is reported by Ministry of Trade, Industry and Energy. The data is categorized under Global Database’s South Korea – Table KR.P: Raw Material Prices.

Explore the various factors influencing the price of 6061 aluminum, including supply and demand dynamics, raw material costs, geopolitical influences, and industry trends. Understand the impact of these elements on aluminum pricing and the importance of staying updated with current market conditions for informed buying or selling decisions.

The global market for copper and aluminum used in cable manufacturing is experiencing robust growth, driven by the increasing demand for electricity and expanding infrastructure projects worldwide. The burgeoning renewable energy sector, particularly solar and wind power, significantly contributes to this demand, as these technologies rely heavily on copper and aluminum cabling for efficient energy transmission. Furthermore, the growth of electric vehicles (EVs) and charging infrastructure further fuels this market expansion, as EVs utilize considerably more copper and aluminum in their wiring harnesses compared to traditional combustion engine vehicles. The market's expansion is also supported by ongoing urbanization and industrialization in developing economies, where considerable investments are being made in power grids and communication networks. Although fluctuations in raw material prices and geopolitical factors can create temporary headwinds, the long-term outlook for this market remains positive, predicated on the sustained growth in electrification across various sectors. Despite these positive drivers, the industry faces challenges. Supply chain disruptions, particularly concerning the sourcing of raw materials, can impact production and pricing. Furthermore, environmental concerns related to mining and manufacturing processes necessitate ongoing efforts towards sustainable sourcing and production methods. Competition among major players like Glencore, Codelco, and BHP Group is intense, resulting in price pressures and the need for continuous innovation in manufacturing processes to enhance efficiency and reduce costs. Market segmentation by cable type (e.g., power cables, communication cables), application (e.g., automotive, building construction), and region helps to understand specific growth areas and better target strategic investments. The sustained growth in global infrastructure development, alongside the shift towards renewable energies and electric mobility, paints a picture of consistent demand for copper and aluminum in the cable industry for the foreseeable future, requiring ongoing adaptation and innovation within the sector.

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Aluminum Flat-Rolled Products Market Size 2025-2029

The aluminum flat-rolled products (FRP) market size is forecast to increase by US $25.3 billion, at a CAGR of 7.1% between 2024 and 2029. The market continues to evolve, driven by the increasing adoption of sustainable manufacturing processes and the growth of various sectors that utilize these products.

Major Market Trends & Insights

APAC dominated the market and accounted for 68% growth during the forecast period.
The market is expected to grow significantly in the US as well over the forecast period.
By the Product Type, the Plates and sheets sub-segment was valued at US $40.10 billion in 2023
By the End-user, the Automotive and transportation sub-segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Future Opportunities: US $25.3 billion 
CAGR : 7.1%
APAC: Largest market in 2023



Aluminum FRPs have gained significant traction due to their lightweight, high strength, and formability properties, making them an attractive choice for industries such as automotive, construction, and packaging. One notable trend in the market is the increasing use of aluminum FRPs in the mass transportation sector. The demand for fuel-efficient and lightweight vehicles has led to a surge in the adoption of aluminum in automotive manufacturing. Additionally, the aerospace industry has seen a growing trend towards the use of composite materials, including aluminum FRPs, in the production of aircraft components.
Moreover, the construction sector is another significant end-user of aluminum FRPs. These products are used extensively in the production of roofing, wall panels, and other building components due to their durability, formability, and resistance to corrosion. The increasing focus on green initiatives and sustainable construction practices has further boosted the demand for aluminum FRPs in this sector. The market dynamics of aluminum FRPs are influenced by various factors, including raw material prices, production costs, and demand from end-use industries. For instance, the price of aluminum, a key raw material, can significantly impact the cost of producing aluminum FRPs.
Additionally, the increasing competition in the market and the emergence of new technologies can also influence market trends. According to recent market data, the demand for aluminum FRPs is projected to grow at a steady pace, driven by the expanding applications across various sectors. For instance, the automotive industry is expected to remain a significant contributor to the market growth, with the demand for lightweight and fuel-efficient vehicles continuing to rise. Similarly, the construction sector is also expected to witness robust growth, driven by the increasing focus on sustainable and energy-efficient buildings. Despite the challenges posed by raw material prices and production costs, the aluminum FRP market is expected to continue its upward trajectory, driven by the growing demand from end-use industries and the ongoing trend towards sustainable manufacturing practices.

What will be the Size of the Aluminum Flat-Rolled Products (FRP) Market during the forecast period?

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The market is a dynamic and evolving sector that plays a significant role in various industries. This market encompasses a wide range of applications, from construction and transportation to packaging and automotive manufacturing. One notable trend in the aluminum FRP market is the increasing focus on product standardization and recycling technology. According to recent market data, the adoption of aluminum FRPs in waste management applications has grown by 18.7%. This growth is driven by the environmental benefits of using recycled aluminum and the demand for sustainable solutions. Moreover, technological advancements continue to shape the aluminum FRP market.
Production planning and supply chain management have become increasingly important, as manufacturers seek to optimize processes and reduce costs. Technological innovations in material characterization, material specification, and roll gap adjustment have led to improvements in formability limits and sheet metal properties. Economic factors also influence the aluminum FRP market. Safety regulations and performance criteria are essential considerations for customers in various industries. Energy efficiency is another critical factor, as many companies seek to reduce their carbon footprint and save on energy costs. The aluminum FRP market is expected to grow at a steady pace in the coming years.
According to market research, the industry is projected to expand by 12.5% by 2026. This growth is driven by increasing demand for lightweight and durable materials in various sectors, including transportation and construction. Surface treatment and coating technologies are also key areas of dev

The Vietnam aluminum industry presents a compelling investment opportunity, exhibiting robust growth potential. With a market size of $4.12 billion in 2025 and a Compound Annual Growth Rate (CAGR) exceeding 10%, the sector is projected to experience significant expansion through 2033. This growth is fueled by several key drivers. Firstly, Vietnam's burgeoning construction and infrastructure development, driven by rapid urbanization and industrialization, creates substantial demand for aluminum in building materials, transportation, and packaging. Secondly, the increasing adoption of lightweight materials in the automotive and electronics sectors further bolsters demand. Government initiatives promoting sustainable development also play a crucial role, with aluminum's recyclability making it an attractive material in alignment with environmental goals. While challenges like fluctuating raw material prices and global economic uncertainty exist, the overall positive trajectory of the Vietnamese economy and its strategic location within a rapidly growing Asian market mitigates these risks. The competitive landscape includes both domestic and international players, such as Kobe Steel Ltd, GARMCO, and Alcoa Corporation, each vying for market share. This dynamic environment fosters innovation and efficiency within the industry, ensuring continuous improvement and sustained growth. The projected market size for 2033 can be estimated using the CAGR and 2025 market size, indicating a substantial increase in value by the end of the forecast period. Further segmentation data, while currently unavailable, would provide more granular insights into specific market niches and their respective growth rates. The competitive landscape within the Vietnamese aluminum industry is characterized by a mix of global giants and domestic players. This blend facilitates knowledge transfer and technological advancement, while simultaneously fostering healthy competition. While specific regional breakdowns are absent from the provided data, it's reasonable to assume that growth is concentrated in key urban and industrial centers, reflecting the demand drivers mentioned above. Ongoing research and development efforts focused on improving aluminum alloys and manufacturing processes will continue to shape the industry's trajectory. A deeper dive into the regulatory environment and potential policy changes impacting the industry would offer further clarity on the long-term outlook. Continued monitoring of global economic trends and raw material prices will be vital in refining future market projections and understanding the industry's overall performance. Key drivers for this market are: Substitution of Stainless Steel with Aluminum by Automotive Companies, Growing Construction and Infrastructure Activities in the Country; Other Drivers. Potential restraints include: Unfavorable Conditions Arising Due to the COVID-19 Outbreak, Other Restraints. Notable trends are: Growth in Demand from the Building and Construction Industry is Driving the Market.

According to Cognitive Market Research, The Global Aluminum Ingot market will expand at a compound annual growth rate (CAGR) of 8.50% from 2023 to 2030.

Aluminum ingot demand is increasing due to increased demand for lightweight vehicles.
In the Aluminum Ingot market, demand for automotive remains robust.
In 2023, Continuous Casting had the greatest revenue share of the Aluminum Ingot market.
Asia Pacific will continue to lead in Aluminum Ingot, while the North American Aluminum Ingot market will develop the most rapidly until 2030.

Increase in Demand in the Automotive Industry to Provide Viable Market Output

A growing emphasis is pushing the increased use of aluminum ingots in the automotive sector on lightweight materials and fuel efficiency. Aluminum's low density makes it an appealing material for automakers, as it reduces vehicle weight and improves fuel economy. Aluminum ingots are used to make a variety of components, such as engine blocks, wheels, and body panels. These components not only reduce the total weight of a vehicle, but they also improve its performance, handling, and corrosion resistance. Furthermore, the recyclability of aluminum coincides with sustainability aims. As the automobile industry continues to promote eco-friendly practices and severe emissions rules, demand for aluminum ingots is likely to climb, confirming the industry's key role.

Rising Growth in Construction to Propel Market Growth

The increased construction activity worldwide is driving up demand for aluminum ingots. Aluminum is an outstanding material for construction because of its unique mix of strength, durability, and corrosion resistance. It can be found in structural elements, facades, roofs, and interior design elements. Aluminum's lightweight nature lessens the burden on buildings while assuring their lifespan. Furthermore, aluminum's eco-friendliness aligns with sustainable construction standards. With the number of worldwide construction projects increasing, particularly in metropolitan areas, the demand for aluminum ingots to support creative and energy-efficient building designs is increasing rapidly, making them a crucial resource in the construction industry's future development.

Rising Demand in Aerospace Sector Fuels the Market Growth

Market Dynamics of the Aluminum Ingot

Fluctuating Prices of Raw Materials to Restrict Market Growth

In the short term, fluctuating raw material prices, notably alumina, and bauxite, represent a substantial threat to the aluminum ingot market. These raw materials are critical in aluminum production, and their price volatility can impact the cost structure of ingot manufacturing. Price changes can disrupt supply networks and create unpredictability in production costs, hurting profit margins. Market actors must respond to these shifts using price risk-mitigation techniques such as negotiating long-term contracts or diversifying raw material suppliers. While variations may momentarily impede the market, they also highlight the need for supply chain resilience and strategic planning in the aluminum ingot business.

Trend Factor for the Aluminum Ingot Market

Increased demand from environmentally friendly sectors, a drive for sustainability, and intelligent manufacturing all contribute to expansion

Due to increasing demand from electric vehicles, renewable energy infrastructure, and lightweight construction projects across the world, the aluminum ingot market is gaining significant steam in 2025. Due to its strength-to-weight ratio, lightweightness, and recyclability, aluminum is becoming more popular in important sectors like the automobile, aerospace, and packaging industries. The transition to recycled aluminum, which uses far less energy than primary production and is consistent with worldwide circular economy initiatives, is being hastened by sustainability concerns. In the meantime, advances in production technology—including AI-driven quality control, energy-efficient smelting, and digital twin systems—are improving output, decreasing waste, and improving cost structures. Changes in capacity and changes in trade policies on the supply side are also altering pricing and regional competitiveness. The combination of these causes is driving continuous development and change in the worldwide market for aluminum ingots.

Impact of COVID–19 on the Aluminum In...

Learn about the various factors that affect the price of aluminum per pound, including supply and demand, purity level, and the cost of raw materials and energy. Stay informed to make wise decisions in the aluminum market.