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.

Aluminum fell to 2,617.40 USD/T on September 1, 2025, down 0.11% from the previous day. Over the past month, Aluminum's price has risen 2.06%, and is up 7.98% 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 September of 2025.

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.

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.

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

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.

For the third year in a row, the South African aluminum market recorded decline in sales value, which decreased by -12.8% to $281M in 2024. Overall, consumption saw a deep contraction. Over the period under review, the market attained the maximum level at $565M in 2018; however, from 2019 to 2024, consumption failed to regain momentum.

Graph and download economic data for Global price of Aluminum (PALUMUSDQ) from Q1 1990 to Q2 2025 about aluminum, World, and price.

LME Index fell to 4,241.30 Index Points on September 1, 2025, down 0.11% from the previous day. Over the past month, LME Index's price has risen 2.39%, and is up 6.24% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. LME Index - values, historical data, forecasts and news - updated on September of 2025.

The global market size of Steel and Aluminum is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Steel and Aluminum Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Steel and Aluminum industry. The key insights of the report:
1.The report provides key statistics on the market status of the Steel and Aluminum manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Steel and Aluminum industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Steel and Aluminum Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Steel and Aluminum as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Steel and Aluminum market
* Product Type I
* Product Type II
* Product Type III

For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.

In 2024, the average annual London Metal Exchange (LME) price for tin was approximately ** U.S. dollars per pound, making it the highest-priced base metal that year. Nickel had the *******highest price out of the base metals at that time, with an average annual LME price of approximately **** U.S. dollars per pound in 2024. Although there is no clear-cut definition of the term, base metals usually refer to metals that oxidize easily, and is most commonly categorized as including tin, nickel, copper, zinc, lead, and aluminum.

In 2024, the Pakistani aluminum market decreased by -73.8% to $2.5M, falling for the second consecutive year after two years of growth. Over the period under review, consumption faced a sharp shrinkage. Aluminum consumption peaked at $110M in 2018; however, from 2019 to 2024, consumption remained at a lower figure.

Aluminum imports reached a peak of 2.9M tons in 2018 before slightly decreasing from 2019 to 2024. In terms of value, aluminum imports slightly contracted to $5B in 2024.

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 global market for 99.99% or above aluminum, a high-purity material crucial for specialized applications, is experiencing robust growth. While precise market size figures for 2019-2024 are unavailable, industry reports suggest a substantial market, likely exceeding $1 billion in 2025, given the material's specialized use cases. A Compound Annual Growth Rate (CAGR) of approximately 7% is projected from 2025 to 2033, driven primarily by increasing demand from the electronics sector (especially in semiconductors and high-end consumer electronics), aerospace manufacturing requiring lightweight yet strong materials, and the burgeoning renewable energy sector (particularly in solar panels and electric vehicle components). Further expansion is anticipated from advancements in additive manufacturing (3D printing) which leverage the material's high purity and formability. This growth is despite constraints posed by fluctuating aluminum prices, supply chain complexities, and the relatively high cost of producing 99.99% purity aluminum compared to lower grades. The key players in this niche market—including Chinalco Baotou Aluminum, C-KOE Metals, Columbia Specialty Metals, HYDRO, Joinworld, KMAC, Rusal, and Sumitomo Chemical Group—are strategically investing in research and development, focusing on enhancing production efficiency and exploring new applications for this specialized material. Regional market dynamics vary, with North America and Europe currently holding significant shares due to established technological advancements and robust aerospace and electronics industries. However, the Asia-Pacific region is expected to witness substantial growth in the coming years, fueled by its rapidly expanding electronics manufacturing sector and increasing government support for renewable energy projects. The competitive landscape is characterized by both intense competition among established players and opportunities for new entrants specializing in niche applications and sustainable production methods.

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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 global market size of Copper aluminum target is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Copper aluminum target Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Copper aluminum target industry. The key insights of the report:
1.The report provides key statistics on the market status of the Copper aluminum target manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Copper aluminum target industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Copper aluminum target Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Copper aluminum target as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Copper aluminum target market
* Product Type I
* Product Type II
* Product Type III

For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.

The Algerian aluminum market reduced markedly to $21M in 2024, waning by -24.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed measured growth. Over the period under review, the market attained the peak level at $50M in 2018; however, from 2019 to 2024, consumption remained at a lower figure.

The global aluminum coil sheet market is experiencing robust growth, driven by increasing demand across diverse sectors. The market size in 2025 is estimated at $50 billion, with a compound annual growth rate (CAGR) of 6% projected from 2025 to 2033. This expansion is fueled by several key factors. The construction industry's ongoing need for lightweight and durable materials, coupled with the automotive sector's shift towards electric vehicles (requiring more aluminum for lightweighting), are significant drivers. Furthermore, the packaging industry's adoption of aluminum for its recyclability and barrier properties contributes considerably to market growth. The rising demand for consumer durables, particularly in developing economies, further boosts market volume. Segmentation reveals strong performance across various aluminum series, with the 5xxx and 6xxx series leading due to their superior strength and corrosion resistance. Leading players like Hindalco, Novelis, and Constellium are strategically expanding their production capacities and focusing on innovation to maintain their market share. However, fluctuating aluminum prices and environmental concerns surrounding production processes present ongoing challenges. The market's regional landscape shows significant variations. North America and Europe currently hold substantial market shares, but Asia Pacific is projected to experience the highest growth rate owing to its rapid industrialization and burgeoning construction activities. Specifically, China and India are key growth engines within this region. While the historical period (2019-2024) showed varied growth depending on global economic fluctuations and specific regional factors, the forecast period anticipates a sustained and consistent expansion driven by the previously mentioned factors. Continued innovation in aluminum alloys, improved recycling technologies, and a growing focus on sustainability will shape the market's trajectory in the coming years. Competition will remain fierce, with companies focusing on product differentiation, cost-effectiveness, and efficient supply chain management to gain a competitive edge.