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.

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.

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 global aluminum sector grow in 2025 to 2035 with several sectors like automobile, aviation, real estate, packaging, and electrical uses intensifying demand. The sector will reach USD 331.1 billion in 2035 with a Compound Annual Growth Rate (CAGR) of 6.1%.

Metric	Value
Market Size (2025E)	USD 183.1 Billion
Market Size (2035F)	USD 331.1 Billion
CAGR (2025 to 2035)	6.1%

Aluminium Market Analyzed by Top Investment Segments

Series	CAGR (2025 to 2035)
Series 5 Aluminium	7.2%

Processing	CAGR (2025 to 2035)
Extrusions	7.4%

Country Wise Analysis

Country	CAGR (2025 to 2035)
USA	4.5%

Country	CAGR (2025 to 2035)
UK	4.2%

Country	CAGR (2025 to 2035)
European Union (EU)	4.8%

Country	CAGR (2025 to 2035)
Japan	4.1%

Country	CAGR (2025 to 2035)
South Korea	4.3%

Competitive Outlook

Company Name	Estimated Market Share (%)
China Hongqiao Group	14-19%
UC Rusal	9-13%
Alcoa Corporation	7-11%
Rio Tinto Aluminium	5-9%
Emirates Global Aluminium (EGA)	4-8%
Other Companies (combined)	45-55%

Discover what drives the fluctuating prices of aluminium in the global market and the critical factors that impact its supply and demand, production costs, and geopolitical events in this insightful article. Stay informed and make informed investment decisions!

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.

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.

Explore the dynamics of the global aluminium market, influenced by energy costs, geopolitical tensions, and environmental regulations. Understand how these factors impact aluminium prices and market trends, amid recent supply chain disruptions and increasing investments in sustainable solutions.

The aluminium market price is influenced by supply and demand dynamics, geopolitical factors, economic indicators, and investor sentiment. This article explains how these factors impact the market price and highlights the importance of monitoring variables like inventory levels, production capacity, technological advancements, and environmental regulations. Traders, consumers, and investors rely on this information to make informed decisions in the constantly fluctuating aluminium market.

The global aluminum market had a value of nearly 223 billion U.S. dollars in 2024. The aluminum market is forecast to have a value in excess of 300 billion U.S. dollars in 2030.

Learn about the fluctuating price trend of aluminium from 2016 to 2021, influenced by economic conditions, supply and demand factors, and geopolitical events. Explore the average prices per tonne throughout each year and understand the impact of the COVID-19 pandemic on global aluminium prices.

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.

In Q3 2025, North America, the Aluminium Ingot Price Index rose by 7.35% quarter-over-quarter in Q3 2025, tariff-driven tightening. Check detailed insights for Europe and APAC.

The aluminium price index (API) is a benchmark used to track the global aluminium industry. Discover how the API is calculated and used by market participants, producers, consumers, and investors alike to make informed decisions related to aluminium pricing.

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.

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...

Explore the factors influencing aluminum prices per kilogram, including market demand, production costs, and global economic conditions. Understand how electric vehicle production, aerospace manufacturing, energy costs, exchange rates, and geopolitical factors affect aluminum pricing. Learn how stakeholders track price movements through commodity exchanges and specialized reports to make informed decisions.

The global aluminum metals market is booming, projected to reach $113.15 billion by 2033, with a CAGR of 2.9%. Driven by automotive, construction, and packaging demands, this report analyzes market trends, key players (Alcoa, Rio Tinto), and regional growth, offering valuable insights for investors and industry professionals.

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Aluminum Scrap Recycling Market Size 2025-2029

The aluminum scrap recycling market size is valued to increase USD 4.38 billion, at a CAGR of 10.7% from 2024 to 2029. Growing concerns over energy consumption and environmental pollution will drive the aluminum scrap recycling market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 60% growth during the forecast period.
By End-user - Casting segment was valued at USD 2.82 billion in 2023
By Type - Old scrap segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 153.04 million
Market Future Opportunities: USD 4379.40 million
CAGR from 2024 to 2029 : 10.7%

Market Summary

Amidst escalating environmental concerns and the increasing demand for sustainable practices, the market assumes a pivotal role in reducing energy consumption and minimizing pollution. The market's significance is underscored by the fact that recycling aluminum uses 95% less energy than producing new aluminum from raw materials. However, challenges persist, such as the decline in the recycling rate of used beverage cans, which currently hovers around 65%. Innovative advancements in technology are addressing these challenges. The introduction of Laser Induced Breakdown Spectroscopy (LIBS) and solid-state recycling techniques has revolutionized the aluminum scrap recycling process, ensuring higher purity levels and increased efficiency. These technological advancements enable the industry to process a broader range of aluminum scrap, including post-consumer scrap and industrial scrap, thereby expanding the market's scope. The market is expected to reach a value of USD50 billion by 2025, according to industry reports. This growth can be attributed to the increasing demand for recycled aluminum in various industries, including automotive, construction, packaging, and aerospace. The market's expansion is further fueled by the growing emphasis on circular economy principles and the implementation of stringent regulations aimed at reducing waste and promoting sustainable practices. In conclusion, the market plays a crucial role in addressing environmental concerns, conserving energy, and reducing waste. The integration of advanced technologies and the expanding demand for recycled aluminum are driving the market's growth, positioning it as a key contributor to the global circular economy.

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

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How is the Aluminum Scrap Recycling Market Segmented ?

The aluminum scrap recycling 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-userCastingAutomotiveConstructionPackagingAerospaceElectronicsMachinery/EquipmentTypeOld scrapNew scrapAluminum Foil ScrapAluminum Ingot ScrapAlloy TypeWrought AlloyCasting AlloySpecific Alloy SeriesUnialloysGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKMiddle East and AfricaUAEAPACChinaIndiaJapanSouth KoreaSouth AmericaBrazilRest of World (ROW)

By End-user Insights

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

The market is characterized by its dynamic nature, with ongoing activities and evolving patterns shaping the industry. The casting segment dominates the market, accounting for approximately 70% of the global aluminum scrap recycling, primarily due to its role in producing aluminum ingots and slabs for industries like automotive, aerospace, construction, and consumer goods. Advancements in casting technologies, such as remelting furnace technology and alloying techniques, enable the production of high-purity aluminum using recycled scrap. This, coupled with the environmental benefits of reducing carbon footprint and waste, makes recycled aluminum a preferred choice for manufacturers. The market is further influenced by supply chain optimization, recycling facility design, and recycling cost analysis, which aim to improve recycling yield and reduce labor costs. The magnetic separation process and eddy current separation are crucial in scrap metal sorting, ensuring the recovery of aluminum alloys and minimizing contamination. Market price fluctuation is influenced by factors like scrap metal pricing, recycling plant automation, and safety protocols procedures. The circular economy principles of waste reduction strategies and energy efficiency metrics are also driving the market, with recycling facilities implementing process optimization techniques to enhance metal recycling efficiency and product quality assurance. A single recycling facility can process over 100,000 tons of aluminum