Aluminium Prices

Aluminium prices averaged USD 2,582 per metric ton in November, down 0.5% from October. On 29 November, the commodity traded at USD 2,577 per metric ton, down 0.6% from 31 October.

Prices edged down in November, as China’s latest stimulus announcement underwhelmed metals markets. In addition, Trump’s reelection in the U.S. weighed on demand through a stronger dollar and rising fears of international trade disputes. That said, prices spiked in mid-November when China announced that it would eliminate tax rebates on aluminium exports, spurring supply concerns.