| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Aluminium | China | FOB | USD 3,523.91/MT | April 2026 |
| Aluminium | India | CIF | USD 3,573.91/MT | April 2026 |
| Aluminium | USA | CIF | USD 3,610.91/MT | April 2026 |
| Aluminium | Germany | CIF | USD 3,644.91/MT | April 2026 |
| Aluminium | Australia | CIF | USD 3,561.91/MT | April 2026 |
| Aluminium | China | FOB | USD 3,533.10/MT | March 2026 |
| Aluminium | India | CIF | USD 3,588.10/MT | March 2026 |
| Aluminium | USA | CIF | USD 3,620.10/MT | March 2026 |
| Aluminium | Germany | CIF | USD 3,615.10/MT | March 2026 |
| Aluminium | Australia | CIF | USD 3,577.10/MT | March 2026 |
Stay updated with the latest Aluminium prices, historical data, and tailored regional analysis
Asia
In Asia, aluminium prices moved higher as structural supply tightness and geopolitical risk supported the market. In China, prices were about ~RMB 24.70/kg (Contract FD) in January and around ~RMB 25.70/kg in March, rising by about 4.02%. The increase was driven by the domestic production capacity ceiling, low inventories, and strong demand from new energy vehicles, photovoltaics, energy storage, and computing-related applications. Market sentiment strengthened further in March as the Iran conflict raised concern over shipments through the Strait of Hormuz, a key route for Middle Eastern aluminium exports and raw material imports. Russia’s Rusal plans to redirect aluminium exports from China to Japan and other Asian markets as the Iran conflict disrupted Gulf supplies and drove regional premiums sharply higher. Chinese buyers resisted elevated pricing benchmarks, prompting trade flow shifts amid abundant domestic supply and weakened demand in China. The region accounts for about 9% of global aluminium production capacity, while nearly 23% of global primary aluminium supply comes from the Gulf region. In India, prices were about ~INR 297.91/kg (Contract FD) in January and around ~INR 310.59/kg in March, up by about 4.36%. The rise reflected the same global supply-risk sentiment and firm regional demand conditions.
Europe
In Europe, aluminium prices remained firm because buyers faced higher supply risk premiums after the Iran conflict and the Strait of Hormuz blockade. The market was affected by concern over reduced Gulf supply, possible delays in raw material inflows, and tighter global availability. Low international inventories and stronger LME performance supported European sentiment, while downstream buying remained linked to industrial demand and energy-sensitive sectors. Elevated freight and war-risk costs also kept replacement values high.
North America
In North America, aluminium prices stayed supported by tighter global availability and stronger overseas premiums. Heightened supply concerns in the Gulf region lifted international market sentiment, while the U.S. market also reflected concern over shortages, with Midwest premiums reaching record highs during the conflict period. Even though the region was less directly exposed to Gulf primary metal flows than Europe, global tightness and low inventories kept the market firm.
Analyst Insight
According to Procurement Resource, in the near term, aluminium prices are likely to remain firm with volatility tied to developments in the Strait of Hormuz. Any prolonged disruption to Gulf metal or raw material flows may keep upward pressure on global prices.
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| Product | Category | Region | Price | Last Updated Month |
| Aluminium | Energy, Metals and Minerals | China | 2943 USD/MT | October 2025 |
| Aluminium | Energy, Metals and Minerals | China | 3106 USD/MT | December 2025 |
| Aluminium | Energy, Metals and Minerals | India | 2989 USD/MT | October 2025 |
| Aluminium | Energy, Metals and Minerals | India | 3163 USD/MT | December 2025 |
Asia
The Chinese aluminium market experienced progressive strengthening through majority of the fourth quarter, reflecting tightening supply conditions and steady downstream consumption. The prices were about 2943 USD/MT (Contract FD) in October and around 3106 USD/MT in December. Alumina availability remained a critical factor supporting production costs, while energy pricing pressures persisted as electricity costs continued to impact smelting economics. Demand from electric vehicles, renewable energy infrastructure, and construction sectors maintained consistent consumption patterns, while social inventory levels declined progressively. By late quarter, accelerated upward momentum emerged as supply-demand fundamentals tightened further, with China approaching its production capacity ceiling.
Indian markets displayed initial stability before entering appreciation during the latter portion. The prices were about 2989 USD/MT (Contract FD) in October and around 3163 USD/MT in December. Domestic supply constraints intensified as import restrictions and stringent quality standards limited material inflows. The production-consumption gap widened as output remained insufficient to meet growing industrial requirements from automotive, infrastructure, and power sectors. Regional premiums expanded significantly above international benchmarks, reflecting transportation costs and limited recycled aluminium availability, with sharp price increases emerging as buyers competed for limited supply.
Europe
European aluminium markets experienced measured appreciation influenced by energy cost dynamics and supply chain adjustments. High electricity prices continued pressuring smelter economics, with some facilities evaluating operational viability under sustained cost burdens. Trade flow realignments following North American tariff implementations redirected Canadian exports toward European markets, partially offsetting domestic production constraints. Demand from automotive and construction sectors remained moderate amid broader economic uncertainties, though consumption proved sufficient to absorb redirected supply volumes. Production curtailments at energy-intensive facilities continued as elevated power costs eroded margins, contributing to tighter regional supply conditions.
North America
North American markets remained under pronounced supply tightness throughout the quarter, experiencing ongoing impacts from tariff policies implemented earlier in the year. Elevated import duties continued creating sustained inventory pressures and elevated regional premiums, with Midwest premiums remaining at heightened levels as domestic production remained insufficient to fully replace reduced import volumes. The effects of previous Canadian import reductions persisted, though late-quarter developments suggested potential trade flow adjustments as persistent inventory depletion made tariff-inclusive imports economically viable again.
Aluminium or aluminum, as a metal, is derived from Aluminium-containing minerals. Small amounts of Aluminium can be easily found in dissolved water. It is light in weight and silvery-white in appearance. The main ore of Aluminium is bauxite. The metal is highly reactive in nature and finds application in a wide range of industries.
Al
Chemicals, Cans, Foils, Kitchen utensils, Window frame, Beer kegs, Aeroplane parts, Electrical transmission lines
7429-90-5, Aluminium, Aluminium Metal, Aluminium Powder
Rio Tinto plc, United Company Rusal Plc, American Elements, PT Timah (Persero) Tbk, Aluminium Corporation of China Limited (CHALCO), Alcoa World Alumina and Chemicals (“AWAC”) (Alumina Ltd)
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Aluminium's production process is carried out by combining two processes, namely, the Bayer process and the Hall-Heroult process. The bauxite ore is processed into alumina by utilising these two processes and finally, the obtained alumina is converted into Aluminium.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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This report provides the cost structure of aluminium can by two-piece or three-piece drawing methods.
An exothermic reaction between aluminium metal with chlorine or hydrogen chloride yields aluminium chloride at large scale.
The report involves the cost analysis of production of aluminium sulfate using alum schists which are mixtures of iron pyrite, aluminium silicate and various bituminous substances.
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