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Aluminum Price Today
Last updated: April 30, 2026 at 10:00 AM EDT ET · Source: COMEX / LBMA
Calculate Aluminum Value
1 Grams (g) of Aluminum
$111.80
Spot price: $3,477.25/oz
Rate: 1 USD = 1 USD
Approximate value - excludes taxes, premiums
Exchange rates are indicative. Actual buy/sell prices include dealer premiums. Not financial advice.
Price by Weight
| Unit | USD Price |
|---|---|
| Troy Ounce (oz t) | $3,477.25 |
| Gram (g) | $111.80 |
| Kilogram (kg) | $111,796.10 |
| Tola (10g) | $1,117.96 |
| Pennyweight (dwt) | $173.86 |
Price by Currency (per troy oz)
| Currency | Price |
|---|---|
| 🇺🇸USD | $3,477.25 |
| 🇨🇦CAD | CA$4,729.06 |
| 🇪🇺EUR | €3,199.07 |
| 🇬🇧GBP | £2,747.03 |
| 🇦🇺AUD | A$5,354.97 |
| 🇨🇭CHF | Fr3,129.53 |
| 🇯🇵JPY | ¥533,758 |
| 🇮🇳INR | ₹290,003 |
Exchange rates are approximate. Source: COMEX / LBMA
About Aluminum
Aluminum is the most widely used non-ferrous metal in the world and a cornerstone of modern industrial civilization. Lightweight, corrosion-resistant, and infinitely recyclable, aluminum has become indispensable across aerospace, construction, packaging, automotive, and electrical industries. Global aluminum demand has grown consistently over the past five decades, driven by electrification trends, lightweighting in vehicles, and expanding infrastructure in emerging markets.
Aluminum prices are benchmarked on the London Metal Exchange (LME), where contracts are quoted in US dollars per metric ton. The LME aluminum contract is one of the most actively traded industrial metal futures in the world, providing price discovery for producers, consumers, and investors globally. Prices on LiveMetalPrice.com reflect the most recent LME cash settlement or nearby futures price via live market feeds.
Unlike precious metals, aluminum pricing is primarily driven by industrial demand fundamentals rather than investment flows. Key price drivers include global manufacturing activity (especially in China, which accounts for over 55% of world production), energy costs (aluminum smelting is extremely energy-intensive), trade policy and tariffs, and the strength of the US dollar.
Recycled (secondary) aluminum requires only 5% of the energy needed to produce primary aluminum from bauxite ore, making it one of the most environmentally efficient industrial metals. Recycling rates in developed markets exceed 70–80% for packaging and automotive applications.
As the clean energy transition accelerates, aluminum demand is expected to grow substantially in electric vehicle batteries (casings, busbars), solar panel frames, and power transmission cables. Analysts project global aluminum demand could increase by 40% by 2040 driven by these structural tailwinds.
Frequently Asked Questions
What is the aluminum spot price?
The aluminum spot price is the current market price per metric ton for immediate delivery, benchmarked on the London Metal Exchange (LME). It serves as the global reference price for aluminum products and contracts worldwide.
Why is aluminum priced per metric ton?
Aluminum is an industrial bulk metal traded in large volumes, so metric ton pricing is the global standard — consistent with LME contracts and international trade. One metric ton equals 1,000 kilograms or approximately 2,205 pounds.
What factors drive aluminum prices?
Key drivers include Chinese production and demand (China produces ~55% of global supply), energy prices (smelting consumes massive electricity), US dollar strength, trade tariffs, and manufacturing activity measured by PMI indices.
How does aluminum compare to other industrial metals?
Aluminum is lighter than copper, steel, or zinc, making it preferred for transport and packaging. It competes with steel in construction and automotive applications. Copper is preferred for electrical wiring due to higher conductivity, but aluminum wiring is common in power transmission.
Where can I buy aluminum as an investment?
Individual investors can gain aluminum exposure through LME futures, ETFs tracking industrial metals baskets, or stocks of aluminum producers like Alcoa, Rio Tinto, and Norsk Hydro. Physical aluminum investment is impractical due to storage costs and low value density.