Global price of Aluminum
PALUMUSDM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,525.96
Year-over-Year Change
1.14%
Date Range
1/1/1990 - 6/1/2025
Summary
The global price of aluminum, as measured by the PALUMUSDM series, tracks the daily spot price of this crucial industrial metal. Aluminum is widely used in manufacturing, construction, and transportation, making its price an important economic indicator.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The PALUMUSDM series represents the U.S. dollar-denominated global price of primary aluminum, as traded on the London Metal Exchange. Aluminum is a strategic commodity whose price movements can signal shifts in global industrial activity and infrastructure investment.
Methodology
The data is collected by the London Metal Exchange, the world's leading metals trading venue.
Historical Context
Analysts and policymakers monitor aluminum prices to gauge the health of the manufacturing sector and broader economic conditions.
Key Facts
- Aluminum is the second-most widely used metal globally after steel.
- China produces over 50% of the world's aluminum supply.
- Aluminum prices hit a record high of $3,855 per metric ton in March 2022.
FAQs
Q: What does this economic trend measure?
A: The PALUMUSDM series tracks the daily spot price of primary aluminum on the global market, denominated in U.S. dollars.
Q: Why is this trend relevant for users or analysts?
A: Aluminum is a critical industrial commodity, so its price movements can signal shifts in global manufacturing activity and infrastructure investment.
Q: How is this data collected or calculated?
A: The data is collected by the London Metal Exchange, the world's leading venue for trading base and other metals.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor aluminum prices to gauge the health of the manufacturing sector and broader economic conditions.
Q: Are there update delays or limitations?
A: The PALUMUSDM series is updated daily, providing near real-time data on global aluminum prices.
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Citation
U.S. Federal Reserve, Global price of Aluminum (PALUMUSDM), retrieved from FRED.