Aluminium Prices

Aluminium prices averaged USD 2,596 per metric ton in October, up 5.6% from September. On 31 October, the commodity traded at USD 2,592 per metric ton, down 0.7% from 30 September.

In October, prices averaged above September’s levels, in part boosted by late September’s deployment of stimulus policies in China. Moreover, in recent weeks, supply concerns pushed the prices of aluminium’s key ingredient—alumina—to an all-time high, thus fanning the prices of aluminium in turn. Moreover, China’s manufacturing PMI rebounded in October, pointing to healthier metals demand.