Aluminum Price in 2011
In 2011, the price of aluminum averaged $2,401 per tonne, up 10.5% from the year before. This page covers the 2011 average, high, low, and year-end close, the events that moved the market, and what that aluminum would be worth in today's dollars.
2011 Average
$2,401
LME annual average, USD/tonne
Change vs 2010
+10.5%
from $2,173 in 2010
What happened to the aluminum price in 2011
Aluminum averaged $2,401 per tonne in 2011, up 10.5% from $2,173 the year before.
Chronic Chinese oversupply kept aluminum range-bound through the 2010s, mostly between $1,600 and $2,400, with a brief 2018 spike on US sanctions against Rusal.
Adjusted for inflation, aluminum's 2011 average of $2,401 equals about $3,441 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
Frequently Asked Questions
What was the price of aluminum in 2011?
What is a 2011 aluminum price worth in today's dollars?
Annual averages are World Bank and LME aluminum prices per tonne in US dollars (LME cash and settlement basis). Values before the LME aluminium contract launched in October 1978 are producer and list-price proxies, and the 2025 figure is preliminary. Where daily data exists, the per-year high, low, and close come from MetalCharts historical data. Inflation adjustments use BLS CPI-U annual averages.