ALUMINUM — LME
London Metal Exchange aluminum spot price. UAE is world's #4 producer — smelters powered by Gulf gas.
286 monthly data points from 2010-01-01 to 2026-05-02.
Current$3,478/Mt
Change+0.2%
All-Time High$3,605.5/Mt (2026-04-16)
All-Time Low$206.5/Mt (2016-08-01)
2019 Avg$256/Mt
Data Points286
ALL-TIME (2010–2026)
Full history. Dashed line = 2019 average ($256/Mt).
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   207 ┤─ ─ ─ ─ ─ ─╰────────────────────╯ ─ ─ ─ ╰╯╰╯─ ─ ─ ─ ─ ─ ─ ─ ─ ─ ─ ─ ─   baseline
       └──────────────────────────────────────────────────────────────────────
        2010-01                            2022-02                     2026-05
1-YEAR
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  2536 ┤╭╯                                                                    
  2447 ┤╯                                                                     
       └──────────────────────────────────────────────────────────────────────
        2025-07                            2026-03                     2026-05
CONTEXT
Hormuz dependency: UAE (Emirates Global Aluminium) is world's #4 aluminum producer.
UAE smelters run on domestic gas — not directly Hormuz-dependent for energy.
However: aluminum EXPORTS from UAE transit via Gulf ports near Hormuz.
Aluminum production requires petroleum coke (anodes) — a crude oil byproduct.

Energy intensity: ~15 MWh per ton of aluminum. Energy = 30-40% of production cost.
Global oil/gas spike → electricity costs ↑ → aluminum production costs ↑ everywhere.
2022 peak: $3,849/Mt (Ukraine + China power cuts). Normal: $1,800-2,200/Mt.
Key for: automotive, construction, packaging, aerospace, solar panel frames (14% of PV module cost).
Source: World Bank Pink Sheet (monthly, 2010–present).
Updated monthly. 286 data points since 2010-01-01.
LinkedIn · rmn [at] project45.pl
If you find errors, want to suggest additions, or have data that should be here — write me.