Aluminium Prices

06-02-2026 - Over the past month, aluminium prices have experienced a decline, starting at $3,106.3 per tonne and falling to $3,001.23 per tonne. This decrease suggests a downward trend in the raw material market, potentially due to shifts in supply-demand dynamics or broader economic factors impacting aluminium pricing. The forecast predicts a further decline to $2,848.48 per tonne, a 5.1% drop from the current price of $3,001.23 per tonne, indicating continued downward pressure. This trend is primarily driven by Flows data, which has a negative impact of $54.82 per tonne. Seaborne Imports & Exports and Exchange Rates are the most influential factors within Flows, with all data types consistently reporting this trend.

Despite this forecast, external analyses present a different perspective. A report from Discovery Alert anticipates that by February 2026, LME aluminium prices will range between $3,000 and $3,200 per tonne. This outlook is supported by production cost floors and sufficient supply availability, suggesting a more stable or even upward trend in the longer term. This divergence highlights potential market volatility and differing opinions on the future direction of aluminium prices.