Aluminum prices hit a nearly 3.5-year high on Tuesday.
The price of three-month aluminum futures on the LME rose 0.6% to $2,893.5 per ton by 6:40 p.m. and reached a high of $2,900.3 per ton during the session, the highest since May 2022.
Prices are rising amid limited supply in the short term and positive demand forecasts in the longer term, Trading Economics notes.
China, one of the leading aluminum producers, has confirmed its intention to prevent overcapacity in the industry, where fierce competition has contributed to lower producer prices.
The country’s aluminum production limit is 45 million tons per year, and it was expected to be exceeded this year.
Supply is also under pressure from problems at key plants, including the suspension of one of two electrolysis series at Iceland’s Grundartangi site due to electrical equipment failure.
Meanwhile, US-based Alcoa has announced that it will shut down its Kwinana plant in Australia due to declining bauxite ore quality.
On the demand side, high consumption in key, rapidly growing electrification sectors and the prospect of a trade agreement between the US and China are providing support.
For a more detailed overview of global aluminum production from 1970 to 2024, see the video on the Experts Club YouTube channel.
In January-August 2025, Ukraine increased imports of aluminum and aluminum products by 17.6% to $344.293 million (in August – $44.034 million).
Aluminum exports increased by 19.2% to $98.922 million (in August – $13.215 million).
Aluminum is widely used as a structural material. The main advantages of aluminum are its lightness, malleability, corrosion resistance, high thermal conductivity, and the non-toxicity of its compounds.
In particular, these properties have made aluminum extremely popular in the manufacture of kitchen utensils, aluminum foil in the food industry, and for packaging. The first three properties have made aluminum the main raw material in the aviation and aerospace industries (recently, it has been replaced by composite materials, primarily carbon fiber). After construction and packaging production—aluminum cans and foil—the largest consumer of metal is the energy industry.
In January-July 2025, Ukraine increased imports of aluminum and aluminum products by 20.1% to $300.252 million (in July – $45.832 million). Exports of aluminum and aluminum products during this period increased by 33.1% compared to the same period in 2024, to $85.707 million (in July – $14.839 million).
Aluminum is widely used as a structural material. The main advantages of aluminum are its lightness, malleability, corrosion resistance, high thermal conductivity, and non-toxicity of its compounds. In particular, these properties have made aluminum extremely popular in the manufacture of kitchen utensils, aluminum foil in the food industry, and for packaging. The first three properties have made aluminum the main raw material in the aviation and aerospace industries (recently, it has been replaced by composite materials, primarily carbon fiber). After construction and the production of packaging—aluminum cans and foil—the largest consumer of aluminum is the energy sector.
In January-May 2025, Ukraine imported aluminum and aluminum products worth $206.628 million, up 20.2% compared to the same period in 2024. In May, imports of aluminum products amounted to $40.340 million.
Over the same period, aluminum exports increased by 31.9% to $57.761 million. In May, the company exported products worth $12.698 million.
In 2024, aluminum imports amounted to $446.006 million (+21.7% compared to 2023), and exports amounted to $124.408 million (+27.4%). In 2023, Ukraine imported aluminum products worth $366.463 million and exported $97.616 million.
In the first four months of 2025, Ukraine imported aluminum and aluminum products worth $166.26 million (+21.6%), while exports amounted to $45.06 million (+17.9%). In April, imports reached $49.47 million, while exports amounted to $13.36 million.
Aluminum is widely used as a structural material. The main advantages of aluminum are its lightness, malleability, corrosion resistance, high thermal conductivity, and non-toxicity of its compounds. These properties have made aluminum extremely popular in the manufacture of kitchen utensils, aluminum foil in the food industry, and for packaging. The first three properties have made aluminum the main raw material in the aviation and aerospace industries (recently, it has been replaced by composite materials, primarily carbon fiber). After construction and the production of packaging—aluminum cans and foil—the largest consumer of aluminum is the energy sector.
In January-March 2025, imports of aluminum and aluminum products increased by 18.5% to $116.75 million, including $42.16 million in March.
Exports during this period increased by 35.5% to $31.7 million ($11.74 million in March). At the end of 2024, imports amounted to $446 million (+21.7%), while exports amounted to $124.4 million (+27.4%).
Aluminum is widely used as a structural material. The main advantages of aluminum are its lightness, stamping resistance, corrosion resistance, high thermal conductivity, and non-toxicity of its compounds. In particular, these properties have made aluminum extremely popular in the production of cookware, aluminum foil in the food industry, and packaging. The first three properties have made aluminum the main raw material in the aviation and aerospace industries (recently it has been replaced by composite materials, primarily carbon fiber). After the construction and production of packaging, such as aluminum cans and foil, the energy sector is the largest consumer of the metal.
