Why are Aluminium Prices so high?
30-01-2026 - Over the past month, the price of aluminium has seen a notable increase, climbing from $2,947.6/t to $3,195.25/t. This rise suggests strong market demand or possible supply constraints impacting the aluminium sector. However, the forecast predicts a decrease in aluminium prices to $3,041.24/t, a reduction of $154.01/t or -4.8%, indicating a potential downward trend. This shift highlights the risk of market volatility affecting raw material costs.
The forecast also points to a significant price drop of $67.94/t, largely influenced by data on Seaborne Imports & Exports and Exchange Rates. While technical data suggests upward pressure, the overall demand, flows, and supply data indicate a decline in raw material prices.
Despite this forecasted decline, external analyses present a different perspective. Fastmarkets, for example, anticipates aluminium prices to rise towards $3,200/t in the first half of 2026, citing a market deficit and geopolitical risks that could disrupt supply. This divergence between the forecast and external projections suggests differing expectations, with external sources predicting an upward trend in aluminium prices.
The forecast also points to a significant price drop of $67.94/t, largely influenced by data on Seaborne Imports & Exports and Exchange Rates. While technical data suggests upward pressure, the overall demand, flows, and supply data indicate a decline in raw material prices.
Despite this forecasted decline, external analyses present a different perspective. Fastmarkets, for example, anticipates aluminium prices to rise towards $3,200/t in the first half of 2026, citing a market deficit and geopolitical risks that could disrupt supply. This divergence between the forecast and external projections suggests differing expectations, with external sources predicting an upward trend in aluminium prices.
What is the current / spot price of Aluminium?
Aluminium Price Today
January 30, 2026
Current Price
3195.25
$/t
What is the forecast for the price of Aluminium?
Aluminium Price Forecast
January 30, 2026
1 Month Forecast
3041.24
$/t
1 Year Forecast
3058.62
$/t
What are the short-term drivers of Aluminium prices?
Over the 1 Month horizon the outlook is bearish due to drivers such as: - Bauxite exports from Brazil - Vehicles imports to France - The shape of the futures curve - Movements in the Australian Dollar Br(None) The top contrary drivers for the 1 Month horizon are: - EWMA-based technical analysis
What are the long-term drivers of Aluminium prices?
Over the 1 Year horizon the outlook is bearish due to drivers such as: - Short term price trends - The shape of the futures curve (adjusted for the risk free rate and price volatility) - EWMA-based technical analysis Br(None) The top contrary drivers for the 1 Year horizon are: - Movements in the Euro - Bauxite imports to United States
Will the price of Aluminium go up?
.png)
1 Week
1 Month
3 Month
6 Month
1 Year
The Latest Aluminium News
ChAI Blog
Aluminum hits four-year high as Trump dismisses dollar decline, Goldman raises forecast
January 28, 2026
metal.com
Metals
Click here to see info on similar materials in the group
Frequently Asked Questions
Still have a question?
Contact us
Which suppliers or regions are the most reliable/unreliable right now from a supply chain perspective?
What are the key supply chain risks for the next quarter (climate events, wars, shipping route changes)?
Are there any substitution materials currently becoming more competitive?
Are there any current supply chain disruptions (strikes, port closures, weather events, shipping delays)?
What tariffs does the EU have with the US?
What are new government polices?
What raw materials are in short supply?
What are current freight rates?
Do your models/algorithms change for time horizons? (short term/long term)?
What is unique about what you do? Aren’t large hedge funds already doing something similar?
What kind of AI techniques are you using?
Our Risk / Compliance Department is concerned about model transparency - How do you ensure your models can be explained?
Can you expand on how the AI is used and how it's a differentiator?
Interested in further market insights, forecasts, cost models, downloadable data ?
We are making the companies whose products we depend on everyday more resilient
Speak to the team
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
*Please include your company email