Is the price of aluminum going up?

The raw cost of materials of aluminum has reached a 10-year all-time high in pricing. And according to three data sources, it is predicted that the price of aluminum will continue to increase significantly over the next several years. Market Forecast for Aluminum Prices

How much will aluminum cost in 2035?

By 2035, the World Bank predicts aluminum prices will reach $2,400/t. The International Monetary Fund (IMF) forecasts that aluminum prices will rise to $2,083/t in 2021 — a jump of 22% over the previous year, the largest predicted increase among the three forecasts — and to $2,126/t in 2022.

How much does aluminum cost per tonne?

Based on the World Bank data, the average aluminum price grew from $2004 per tonne in January 2021 to $2934 per tonne in October 2021, a 62% increase from the previous October ($1806 per tonne).

Are aluminum prices soaring?

Los Angeles, CA, Dec. 08, 2021 (GLOBE NEWSWIRE) -- Aluminum prices keep soaring, a recently published report from a market research company IndexBox states.