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.

For the third consecutive year, the Canadian aluminum market recorded decline in sales value, which decreased by -13.2% to $853M in 2024. Over the period under review, consumption saw a perceptible decline. As a result, consumption attained the peak level of $3.5B. From 2020 to 2024, the growth of the market remained at a lower figure.

Aluminum Price in Canada - 2023. Find the latest marketing data on the IndexBox platform.

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

Canadian aluminum manufacturers produce various aluminum products, ranging from alumina to finished aluminum sheets and foil. Aluminum is lightweight, ductile, corrosion-resistant, highly conductive and recyclable, making it useful in various applications. Investments in infrastructure, rising demand from transportation and construction and intensifying focus on low-carbon materials have driven the industry’s trajectory over the past five years. The automotive sector’s accelerated shift toward lightweighting and electric vehicles has altered procurement patterns, while robust government stimulus for domestic infrastructure renewal has supported downstream demand. Regulatory commitments to decarbonization, including Canada’s net-zero ambitions and emerging emissions guidelines, have begun to influence operational priorities and capital planning. Import competition, volatile energy costs and technological advancements in process automation have also contributed to fundamental shifts in cost structures and competitive dynamics across the supply chain. Over the past five years, industry revenue displayed significant compound growth, largely propelled by strong international aluminum prices and an increase in offtake from transportation equipment manufacturers and building product suppliers. Despite revenue expansion, profit has contracted, reflecting higher regulatory, legal and administrative costs as producers navigated new emissions mandates and adapted to shifting global trade conditions. Capacity rationalization and targeted investments in smelter modernization improved process efficiency, but ongoing tariff uncertainty, particularly regarding US trade relations, added volatility. Supply chain resilience measures, stabilizing procurement of alumina and selective M&A in downstream extrusion and recycling segments, partially offset input price pressures and helped maintain domestic market share against foreign imports. Industry revenue has been surging at a CAGR of 6.6% over the past five years and is expected to total $19.1 billion in 2025, when revenue will jump by an estimated 1.4%. Looking forward, the next five years will bring measured revenue growth as decarbonization and energy-efficiency standards revamp production priorities and market access conditions. Regulatory developments, including Canada’s Clean Fuel Regulations and evolving global carbon border adjustment mechanisms, are set to raise compliance costs and influence capital allocation for legacy asset upgrades or closure. Established manufacturers must accelerate digitalization, such as introducing IoT-based predictive maintenance and advanced filtration systems, to optimize output and reduce emissions. New entrants may find opportunity in high-purity aluminum production for batteries and renewable energy components, where technical collaboration and product differentiation confer defensive market positions. Industry revenue is expected to expand at a CAGR of 1.3% to $20.3 billion over the five years to 2030.

Canada Export Value: HS: Aluminum: Waste and Scrap data was reported at 141,153.465 CAD th in Feb 2025. This records a decrease from the previous number of 163,109.689 CAD th for Jan 2025. Canada Export Value: HS: Aluminum: Waste and Scrap data is updated monthly, averaging 48,893.274 CAD th from Jan 1988 (Median) to Feb 2025, with 446 observations. The data reached an all-time high of 232,831.166 CAD th in Nov 2022 and a record low of 11,995.211 CAD th in Dec 1991. Canada Export Value: HS: Aluminum: Waste and Scrap data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.WB004: Export Value.

Aluminum price reduced to $3,111 per ton (FOB, Canada) in February 2023 compared to the previous month, a decrease of -31.6%

Key information about Canada Aluminum Exports

• Canada Aluminum Exports was reported at 9,833,093.660 USD th in Dec 2024
• This records a decrease from the previous number of 10,059,735.065 USD th for Dec 2023
• Canada Aluminum Exports data is updated yearly, averaging 5,482,950.286 USD th from Dec 1995 to 2024, with 30 observations
• The data reached an all-time high of 11,057,263.379 USD th in 2022 and a record low of 3,937,369.075 USD th in 1996
• Canada Aluminum Exports data remains active status in CEIC and is reported by United Nations Conference on Trade and Development
• The data is categorized under World Trend Plus’s Association: Metal and Mining Sector – Table WB.UNCTAD.AL: Non-Ferrous Metals: Aluminium: Export Value by Individual Economies and Territories

Forecast: Value Added of Alumina and Aluminum Production and Processing in Canada 2022 - 2026 Discover more data with ReportLinker!

The statistic shows the gross domestic product (GDP) at basic prices for the Canadian alumina and aluminum production and processing industry between 2010 and 2016. In 2016, the GDP for the alumina and aluminum production and processing industry stood at around *** billion Canadian dollars.

United States Imports from Canada of Aluminum was US$11.49 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Canada of Aluminum - data, historical chart and statistics - was last updated on December of 2025.

This table contains 215 series, with data for years 1956 - 2013 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Commodities (215 items: Primary metal products; Iron and steel products; Primary steel products; Ferrosilicon ...).

The apparent consumption of aluminum in the United States totaled *** million metric tons in 2024, an increase from the previous year, when the amount was **** million metric tons. U.S. aluminum consumption Transportation applications accounted for about ** percent of domestic consumption in 2024, with the remainder being mostly used for packaging, building, and electrical purposes. Composites can be substituted for aluminum in various applications. For example, glass, paper, plastics, and steel can be used instead of aluminum in packaging and composites, while steel, vinyl, and wood can replace aluminum in construction applications. The average spot price of aluminum ingots was **** U.S. dollars per pound in 2024. Proposed aluminum tariffs The President of the United States has announced to impose a ** percent tariff on steel and aluminum imports effective from March 2025. This policy impacts key trading partners, including Canada, Mexico, Japan, South Korea, and the European Union, who were exempt from the 2018 tariffs. The United States imported approximately *** million metric tons of aluminum for consumption in 2024.

The United States & Canada Aluminum Tubes Market is estimated to be valued at USD 193.1 billion in 2025 and is projected to reach USD 297.1 billion by 2035, registering a compound annual growth rate (CAGR) of 4.4% over the forecast period.

Canada Import Value: HS: Aluminum: Waste and Scrap data was reported at 20,797.769 CAD th in Feb 2025. This records a decrease from the previous number of 24,938.748 CAD th for Jan 2025. Canada Import Value: HS: Aluminum: Waste and Scrap data is updated monthly, averaging 16,043.538 CAD th from Jan 1988 (Median) to Feb 2025, with 446 observations. The data reached an all-time high of 32,661.141 CAD th in Apr 2007 and a record low of 2,227.553 CAD th in Dec 1991. Canada Import Value: HS: Aluminum: Waste and Scrap data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.WB006: Import Value.

9009 Global export shipment records of Aluminium Scrap with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Forecast: Value Added of Non-Ferrous Metal (Except Aluminum) Smelting and Refining in Canada 2022 - 2026 Discover more data with ReportLinker!

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

Canada Exports of aluminum to United States was US$11.22 Billion during 2024, according to the United Nations COMTRADE database on international trade. Canada Exports of aluminum to United States - data, historical chart and statistics - was last updated on December of 2025.

This statistic shows the estimated value of the retaliation limits permitted by the World Trade Organization for major trading partners of the United States should a case be brought against the United States as a result of President Trump's proposed tariff on steel and aluminum imports, as of **********. The retaliation limit is based on the estimated export losses due to Trump's trade tariffs. Should such a case be successful these figures show the retaliation capacity of each country as they could then impose tariffs against the United States on other products to the prescribed value without breaking World Trade Organization regulations.

It is estimated that if the case were successful, Canada would be able to impose tariffs on U.S. imports to the value of *** billion U.S. dollars. This retaliation limit would be awarded to them by the World Trade Organization, allowing tariffs that would normally risk sanctions. The *** billion U.S. dollar retaliation limit would be afforded to Canada in response to the expected * billion U.S. dollars in lost steel exports and *** billion U.S. dollars in lost aluminum exports if the tariffs were to be imposed.