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Live · Updated just now·USD/t

Aluminum price today: live

Snapshot · Coming soon

Aluminum is priced on the LME (ALI contract). Energy cost is roughly 40% of primary smelting cost, making aluminum uniquely sensitive to electricity prices. China produces ~56% of global primary aluminum. US Section 232 tariffs and the EU CBAM carbon border adjustment are reshaping trade flows.

Spot
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52-week range
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Year-to-date
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1-month return
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Snapshot data
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Price history

Aluminum price chart

Aluminium CFDUSD/t
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Aluminum mining stocks

Major producers

Source: Yahoo Finance + SEC EDGARFull screener →
#CompanyCommodity revenuePrice24h %YTD1YGeography
01
AA
Alcoa Corporation
Worlds largest bauxite miner + alumina refiner + primary aluminum smelter (ex-China). Acquired Alumina Limited August 1, 2024 ($2.8B) consolidating the AWAC JV. Sold 25% Ma'aden stake (Saudi Arabia) in 2025.
~88%
————Australia · Canada · USA · Brazil · Norway
02
RIO
Rio Tinto
Pacific Aluminum (Australia + NZ), Rio Tinto Aluminum (Canada, Quebec hydro smelters, AP60 expansion). Announced CBA Brazil JV with Chalco January 30, 2026 ($903M, 33% Rio share). Aluminum ~15% of Rio revenue.
~15%
————Australia · Canada · NZ · Brazil
03
AA
Century Aluminum
US primary aluminum smelters (Hawesville KY, Sebree KY, Mt. Holly SC). Jamalco Jamaica alumina refinery. Benefits directly from US Section 232 tariff protection.
~95%
————USA · Jamaica
04
NHYDY
Norsk Hydro
Norwegian integrated aluminum producer. Hydro-powered smelting with low carbon footprint (Husnes, Ardal, Sunndalsora smelters). Bauxite + Alumina (Alunorte, Brazil). Expanding recycled aluminum.
~80%
————Norway · Brazil · Germany · USA
05
NHYDY
RUSAL (HK: 486)
World's largest aluminum producer outside China. Siberian hydro-powered smelters (lowest-cost globally). Effectively cut off from Western markets since 2022 sanctions. LME restricted new Russian-origin warrants since April 2024.
~90%
————Russia
Reddit sentiment

Producer stock buzz

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Base MetalsCurated top 5

Aluminum producer stocks

All commodity stocks
#CompanyTickerPrice24h %ExchangeNote
01
Rio Tinto plc
NYSE: RIO / ASX: RIO / LSE: RIO
RIO----NYSETop 3 global Al producer
02
Alcoa Corporation
NYSE: AA
AA----NYSEUS Al pure-play major
03
Aluminum Corp of China
OTC: ALMMF / HKEX: 2600
ALMMF----OTCChalco — OTC
04
Norsk Hydro ASA
OTC: NHYDY / OSE: NHY
NHYDY----OTCIntegrated Al + extrusions — OTC ADR
05
South32 Limited
OTC: SOUHY / ASX: S32
SOUHY----OTCWorsley + Mozal — OTC ADR

Ranked by commodity exposure (30%+ rule). Source: CommoditiesTracker hub database, June 2026.

Aluminum ETFs

Top funds by AUM

Source: Yahoo Finance + ETF issuer pagesAll aluminum ETFs →
TickerFundStructureExpense ratioAUMYTD1Y
DBB
Invesco DB Base Metals Fund
Invesco
Futures0.75%———
XME
SPDR S&P Metals & Mining ETF
State Street
Miners0.35%———
PICK
iShares MSCI Global Metals & Mining
BlackRock
Miners0.39%———

How aluminum prices move

What’s moving this market

Structural fundamentals · Reviewed annually
Supply

China produces 56% of global primary aluminum

China dominates primary aluminum production through coal-powered smelting. Outside China, hydropower-based producers in Norway (Norsk Hydro), Canada (Rio Tinto, Alcoa), Iceland, and Brazil have structural cost and ESG advantages. Russia (RUSAL) is a significant non-China producer but effectively cut off from Western markets due to sanctions. LME import restrictions on Russian-origin aluminum were introduced in 2024.

International Aluminium Institute · USGS
Demand

Construction, packaging, and transport are the end uses

Construction ~25%, transportation (auto, aerospace, rail) ~25%, packaging (cans, foil) ~20%, electrical (wiring, cables) ~10%, machinery and other ~20%. China accounts for roughly 55-60% of global consumption. EV lightweighting and aerospace build-rates are the structural growth drivers. The EU CBAM carbon border adjustment (effective 2026) is creating a "green premium" for low-carbon aluminum.

International Aluminium Institute
Policy and macro

Energy costs and trade policy drive the price

Power cost is ~40% of smelting cost, so energy prices are a direct aluminum cost driver. US Section 232 tariffs on aluminum imports keep the US Midwest Premium elevated (~$560/t in 2026). The EU CBAM (2026) penalizes coal-powered aluminum from China and India while exempting hydro-powered producers. Alcoa+Alumina Limited merger (closed August 1, 2024) consolidated the AWAC JV.

IAI · CRU · USGS

Key market data

Aluminum fundamentals

Annual Primary Production
~70M t

China ~56%, India ~6%, Russia ~5%, Canada ~5%, UAE ~4%, Australia ~3%. Global production has been roughly flat since 2022 as high energy prices curtailed European smelting and Chinese production caps were enforced.

USGS · International Aluminium Institute
Bauxite Production
~400M t

Australia, Guinea, China, Brazil, and India are the top bauxite producers. Guinea has the world's largest known reserves; its importance has grown as Australia's bauxite ships increasingly to China.

USGS · International Aluminium Institute
LME Inventory
See LME

LME aluminum warranted stocks are at historically low levels (<300kt in 2026). US Midwest Premium at ~$560/t as tariffs keep metal onshore. Russian-origin aluminum excluded from new LME warrants since April 2024.

LME daily warehouse reports
Power Cost of Smelting
~40%

Electricity accounts for roughly 40% of primary aluminum smelting cost. This makes aluminum uniquely sensitive to energy prices. Europe smelting curtailments in 2022-2023 during the gas crisis cost 1-2M t of capacity.

International Aluminium Institute · CRU
Recycling Rate
~75%

Aluminum is infinitely recyclable with only 5% of the energy needed for primary smelting. Secondary (recycled) production is ~35% of total supply and growing. Automotive recycling rates are close to 100%.

International Aluminium Institute
Price Volatility (90-day)
~18%

Moderate volatility vs most metals. Energy policy, Chinese production quotas, and trade tariff decisions are the primary price catalysts. LME inventory levels provide a relatively transparent real-time supply signal.

Calculated · Daily
2026 price forecasts

Aluminum price targets from 20 analysts

Aggregated 2026 price forecasts from major banks, research houses, and industry bodies. Range, median, and revision history — every forecast linked to its source.

Consensus range
View forecasts
See all forecasts

How to invest in aluminum

Ways to gain aluminum exposure

Full investing guide
ETFs

Aluminum ETFs

The most accessible vehicle for retail investors. Trade like stocks, low expense ratios.

Equities

Aluminum stocks

Mining and producer stocks offer 1.5-3x leverage to the underlying commodity but carry operational risk.

Futures

Aluminum futures

COMEX / LME / NYMEX futures provide direct price exposure with leverage. Requires a futures-enabled brokerage account.

Frequently asked questions

Common questions, answered

The current aluminum price is shown at the top of this page from LME ALI futures. One metric tonne = 1,000 kg. LME settlement is in USD/tonne.