Why is the price of aluminum going up in 2021?

Data for 2021 projects the commodity is due to extend its upside momentum, with price continuing to climb for a time. The price of aluminum is based on the cumulative result of the previous trading session.

Who makes aluminum & how much does it cost a tonne?

The largest producers of aluminum include the China-based Chalco, Hongqiao and Xinfa companies, as well as Rusal of Russia, Rio Tinto from Australia, and Alcoa in the US. Aluminum futures have tended to trade between $1,500 and $2,000 per tonne, but broke $3,000 in 2021 on the back of tightening supply and expectations of higher restocking levels.

Who collects aluminum price & premium data?

Trusted personnel collect our aluminum price and premium data straight from the field. Then, our experts with decades of experience in aluminum markets analyze this data.

Are metal prices available in USD?

All metal prices are available in USD going back to 2000, but prices may also be available in other currencies if exchange rates are available. Our exchange rate database goes back to 2010 and is has been gathered from public sources through our sister site, foreignexchangeresource.com.