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🇳🇬 Aluminum Price Today in Nigeria | ₦5,564,965
Live aluminum price in Nigerian Naira (NGN) — updated every minute
Last updated: May 5, 2026, 12:57 AM ET
Price (NGN)
₦5,564,965
Price (USD)
$3,456.5
USD/Aluminum Spot
$3,456.50
USD/NGN Rate
1 USD = 1610 NGN
About Aluminum
Aluminum is the world's most widely used non-ferrous metal, valued for its light weight, corrosion resistance, and electrical conductivity. It is produced by electrolytic smelting of alumina derived from bauxite ore — an energy-intensive process that makes aluminum prices closely linked to electricity costs. China produces approximately 60% of global aluminum.
Aluminum price in Nigeria: what drives it?
Aluminum is essential to the transportation, packaging, construction, and electrical sectors. The energy transition will increase aluminum demand as the metal is used in EVs, lightweight vehicle bodies, solar panel frames, and high-voltage power lines. The aluminum market is one of the most liquid base metals, with active LME futures. The aluminum price in Nigeria is determined by the global USD spot price multiplied by the USD/NGN exchange rate.
Frequently Asked Questions — Aluminum in Nigeria
What is the aluminum price today in Nigeria?
The aluminum spot price in Nigeria is converted from the LME price in USD per metric ton to Nigerian Naira. Aluminum is one of the most actively traded metals on the London Metal Exchange, with the standard contract being 25 metric tonnes.
Why is aluminum production so energy intensive?
Producing aluminum from alumina via Hall-Héroult electrolysis requires approximately 13–14 kWh of electricity per kilogram — making aluminum one of the most energy-intensive commodities. This is why aluminum smelters are typically located near cheap electricity sources (hydropower, coal), and why energy price spikes directly impact production costs.
Is aluminum recyclable?
Aluminum is infinitely recyclable with only 5% of the energy required for primary production. Secondary aluminum (recycled from scrap) accounts for approximately 35% of global supply and is growing as sustainability demands increase. Used beverage cans are among the most recycled aluminum products globally.
How does aluminum differ from aluminium?
Aluminum and aluminium refer to the same element (atomic number 13). "Aluminum" is the spelling used in the United States and Canada, while "aluminium" is used in British English and in IUPAC nomenclature. The LME contract is called the "aluminium" contract.
What are the biggest uses of aluminum in Nigeria?
Globally — and in most economies including Nigeria — aluminum's primary uses are: packaging (~30%), transportation including automotive and aerospace (~25%), construction including window frames and cladding (~25%), electrical transmission cables (~10%), and consumer goods and machinery (~10%).