In 2023, the average price for aluminum stood at 2,256 nominal U.S. dollars per metric ton. This statistic depicts the average annual prices for aluminum from 2014 through 2026.
In 2024, the average market spot price of an aluminum ingot was estimated at 1.3 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 750,000 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 43 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 14 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.
The annual producer price index of aluminum scrap in the United States averaged ***** in 2023, with 1982 used as the base year (1982 = 100). This represented a year-over-year decrease of ** percent. The previous year had seen the highest figure recorded since the turn of the century.
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Comprehensive aluminum futures price dataset from LME exchange including real-time contract pricing, daily settlement changes, and percentage fluctuations for aluminum futures trading with detailed market analysis and trend indicators
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Learn about the factors that influence the price of aluminum per ton and how it fluctuates regularly. The current price of aluminum per ton as of August 2021 is around $2,700-$2,800 per metric ton
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Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Other Fabricated Structural Iron and Steel, Aluminum, and Other Metals (WPU10740554) from Dec 2007 to May 2025 about ships, aluminum, fabrication, iron, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.
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China Transaction Price: 36 City Avg: Aluminum, A00 Aluminum Ingot data was reported at 21,078.670 RMB/Ton in Mar 2025. This records an increase from the previous number of 20,557.330 RMB/Ton for Feb 2025. China Transaction Price: 36 City Avg: Aluminum, A00 Aluminum Ingot data is updated monthly, averaging 15,841.100 RMB/Ton from Jan 2001 (Median) to Mar 2025, with 291 observations. The data reached an all-time high of 23,216.140 RMB/Ton in Mar 2022 and a record low of 10,773.000 RMB/Ton in Nov 2015. China Transaction Price: 36 City Avg: Aluminum, A00 Aluminum Ingot 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.PA: Price Monitoring Center, NDRC: 36 City Monthly Avg: Transaction Price: Production Material.
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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.
Product
| Category | Region | Price |
---|---|---|---|
Aluminum Wire | Metal & Metalloids | South Korea | 3670 USD/MT |
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Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Aluminum Extruded and Drawn Pipe and Tube (WPU10250163) from Dec 2004 to May 2023 about aluminum, metals, commodities, PPI, inflation, price index, indexes, price, and USA.
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Learn about the factors that influence the price of aluminum, including supply and demand, government policies, energy costs, and global economic conditions. This article covers recent trends and the impact of the COVID-19 pandemic on the aluminum market.
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Explore the factors affecting aluminum prices on the Shanghai Metal Exchange, including global economic conditions, supply-demand dynamics, energy costs, and geopolitical events. Discover how China's industrial demand and production set regional trends, and the impact of technological advancements and renewable energy on production costs.
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Graph and download economic data for Producer Price Index by Industry: Material Recyclers: Aluminum Base Scrap (PCU42993042993022) from Dec 1986 to Nov 2021 about aluminum, materials, PPI, industry, inflation, price index, indexes, price, and USA.
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Comprehensive aluminum spot price dataset from Changjiang market including real-time pricing, daily changes, and percentage fluctuations for aluminum ingot trading in China's spot market
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United States - Producer Price Index by Commodity: Metals and Metal Products: Aluminum Mill Shapes was 256.32700 Index 1982=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Aluminum Mill Shapes reached a record high of 287.61300 in April of 2022 and a record low of 20.10000 in June of 1947. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Aluminum Mill Shapes - last updated from the United States Federal Reserve on July of 2025.
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Graph and download economic data for Producer Price Index by Industry: Alumina Refining and Primary Aluminum Production (PCU331313331313) from Jan 1967 to Mar 2019 about refined, aluminum, primary, production, PPI, industry, inflation, price index, indexes, price, and USA.
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3-day, 5-day, 30-day and 180-day average prices of aluminum on SME
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Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Secondary Aluminum (WPU10240229) from Jun 1997 to Jun 2025 about aluminum, secondary, metals, commodities, PPI, inflation, price index, indexes, price, and USA.
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Learn about the factors that affect the price of aluminum scrap, including the quality, quantity, and market conditions. Find out how pricing systems work and how location, demand, and the price of primary aluminum can affect the value of scrap aluminum.
In 2021, the average sales price of aluminum in China stood at ****** yuan per ton, a significant increase of **** percent compared to 2020, the highest record in the past decade. The second highest average sales price for aluminum in China occurred in 2011 at ****** yuan per ton.
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Explore the dynamic factors influencing aluminum prices in the U.S., including supply-demand dynamics, energy costs, trade policies, and market speculation, and how these shape this crucial industrial material's economic role.
In 2023, the average price for aluminum stood at 2,256 nominal U.S. dollars per metric ton. This statistic depicts the average annual prices for aluminum from 2014 through 2026.