Aluminum fell to 2,584.50 USD/T on August 11, 2025, down 1.19% from the previous day. Over the past month, Aluminum's price has fallen 0.45%, but it is still 12.10% 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 August 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.

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.

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.

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.

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

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

In February 2023, the price of secondary aluminum was $3,128 per ton (CIF, US), representing an increase of 7.3% compared to the previous month.

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

Aluminum prices in , July, 2025 For that commodity indicator, we provide data from January 1960 to July 2025. The average value during that period was 1449.75 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

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...

The global aluminum market totaled $207.1B in 2024, with an increase of 4.3% against the previous year. Over the period under review, consumption showed tangible growth. Over the period under review, the global market reached the peak level at $234.4B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

Aluminum prices averaged ***** U.S. dollars per metric ton in the first quarter (Q1) of 2025. That was a slight increase from the previous quarter, when the price of aluminum stood at ***** U.S. dollars per ton.

Aluminum prices are forecasted to rise by an average of 6% in 2024, driven by strong demand in China's clean energy sector and production factors. Global aluminum consumption is set to increase significantly, marking a recovery in the market.

Learn about the current price of aluminum and what factors are causing the increase, including supply chain disruptions, trade tensions, and rising demand in key industries such as automotive and aerospace. Discover what the future holds for aluminum prices in the wake of the COVID-19 pandemic.

Why did the Aluminium Sheet Price Change in July 2025? The Aluminium Sheet (1100-H14) Price Index in the United States rose 2.4% quarter-over-quarter in Q2 2025, with a sharp 6.0% spike in June alone.

At the end of fiscal year 2024, the Wholesale Price Index of aluminum across India was 136. This meant an increase in the WPI of about 42 percent from the base year of 2012. An overall increase in the price index value was noted over the years from financial year 2013 in the country.

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.

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.

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.