Sunday, 8 November 2026 Aluminium LME USD 3,061/t Official dollar ARS 1,572
ES
My project

DATA · MARKET · ACTIVITYDoble Click PRO · free

The aluminium market

The figures and trends that help you understand aluminium in Argentina.

International market, the dollar, construction, industry and foreign trade in one place.

Official data and identified sources · Last sync:

  • AluminiumUSD 3,061/t −6.8% m/mOCT 2026
  • DollarARS 1,545.40 +1.7% 30 days5 NOV 2026
  • Construction146.9 −4.4% y/yAUG 2026
  • Industry119.3 −3.2% y/yAUG 2026
  • Inflation1.7% +33.5% y/yAUG 2026
  • Basic metals71.8% +7.9 pp y/yJUL 2026

Today, in 30 seconds

International aluminium fell (−6.8% in October); the wholesale dollar held steady over the last 30 days (+1.7%). Construction and industry are falling year on year; activity is broadly unchanged (August data).

  • Aluminiumdown−6.8% m/m · OCT 2026
  • Dollarsteady+1.7% 30 days · 5 NOV 2026
  • Constructioncontracting−4.4% y/y · AUG 2026
  • Industrycontracting−3.2% y/y · AUG 2026
  • Activitysteady−1.4% y/y · JUL 2026

International aluminium

Price of primary aluminium on the London Metal Exchange (LME), cash, monthly average in dollars per tonne. It is the world benchmark for the metal: ingot prices are formed from it and, adding a premium and processing, those of products.

USD 3,061/t

  • −6.8% vs previous month
  • +9.6% vs 12 months

OCT 2026 · World BankUp to date

LME benchmark, monthly average published by the World Bank.

See details

Wholesale dollar

Wholesale market reference exchange rate calculated by the BCRA (Communication A 3500). It is the dollar used by companies and foreign trade: aluminium is priced in dollars.

ARS 1,545.40

  • +1.7% 30 days

Retail dollar ARS 1,571.84 5 NOV 2026

5 NOV 2026 · BCRAUp to date

BCRA · Communication A 3500

See details

Construction (ISAC)

Synthetic indicator of construction activity: it measures the use of building inputs. When it grows, demand for windows, façades and aluminium profiles grows.

146.9index

  • −4.4% y/y
  • +0.8% year to date

AUG 2026 · INDECNew figure due

See details

Industry (manufacturing IPI)

INDEC manufacturing production index. Industry uses aluminium in machinery, vehicles, packaging and equipment: its activity anticipates demand.

119.3index

  • −3.2% y/y
  • +1.9% m/m seasonally adjusted
  • −2.7% year to date

AUG 2026 · INDECNew figure dueLatest available figure

See details

Inflation (CPI)

Change in the consumer price index, national general level. It lets you compare peso prices from different months.

1.7%monthly

  • +33.5% year on year

AUG 2026 · INDECDelayed

See details

International aluminium

Dollars per tonne, London Metal Exchange monthly average published by the World Bank. It is not a real-time price.

Compare with
International aluminium, USD per tonne, monthly average2,0002,5003,0003,5004,00020222023202420252026
International aluminium
See the data
PeriodUSD/t
October 20263,061
September 20263,283
August 20263,251
July 20263,161
June 20263,439
May 20263,666
April 20263,600
March 20263,373
February 20263,065
January 20263,142
December 20252,876
November 20252,819
October 20252,793
September 20252,653
August 20252,597
July 20252,606
June 20252,526
May 20252,449
April 20252,372
March 20252,658
February 20252,658
January 20252,573
December 20242,541
November 20242,582

Source: World Bank, Commodity Price Data (Pink Sheet) · CC BY 4.0 · Download CSV

Argentina

How construction and industry, the sectors that use the most aluminium, are doing.

Explore Argentina

Construction

  • ISACAUG 2026 −4.4% y/y
  • ICC · general levelSEP 2026 +1.5% m/m
  • Building permitsAUG 2026 −10.9% y/y
  • Construction inputs13 ISAC inputs2 of 13 up y/y

Industry

  • Manufacturing IPIAUG 2026 −3.2% y/y
  • Metal productsAUG 2026 −9.6% y/y
  • Basic metalsAUG 2026 +3.3% y/y
  • MetalworkingAUG 2026 −24.0% y/y
  • AutomotiveAUG 2026 −8.8% y/y

Capacity utilisation

  • General levelJUL 202658.2 %−0.2 p.p. y/y
  • Basic metalsJUL 202671.8 %+7.9 p.p. y/y
  • MetalworkingJUL 202638.3 %−10.7 p.p. y/y
  • AutomotiveJUL 202639.0 %−5.1 p.p. y/y

y/y: against the same month a year earlier. m/m: against the previous month. p.p.: percentage points. Source: INDEC.

Foreign trade

Chapter 76 · Aluminium and articles thereof · SEP 2026 · INDEC

Explore foreign trade

Exports

USD 126.7 M

33,896 t · September 2026

  • +65.2% 2026 year to date vs 2025

USD 1,043.5 M so far this yearUp to date

Imports

USD 49.6 M

8,694 t · September 2026

  • +5.0% 2026 year to date vs 2025

USD 388.1 M so far this yearUp to date

Balance

USD 655.4 M

so far in 2026

FOB exports minus CIF imports, as in INDEC’s trade balance.

Where we export to

United States: USD 720.7 MBrazil: USD 508.9 MMexico: USD 49.0 MChile: USD 30.0 MSpain: USD 14.7 MUruguay: USD 13.7 MColombia: USD 6.5 MJapan: USD 6.5 MParaguay: USD 6.4 MEcuador: USD 3.3 MPeru: USD 2.4 MItaly: USD 1.5 MBolivia: USD 0.4 M
  1. United States52%
  2. Brazil37%
  3. Mexico4%

Where we import from

Brazil: USD 249.3 MChina: USD 135.0 MGermany: USD 15.9 MRussia: USD 13.3 MItaly: USD 13.0 MSpain: USD 12.2 MUnited States: USD 10.5 MParaguay: USD 9.1 MIndia: USD 7.2 MCanada: USD 6.3 MChile: USD 5.9 MThailand: USD 5.4 MVietnam: USD 3.9 MTurkey: USD 3.0 MUnited Kingdom: USD 2.7 MAustria: USD 1.9 MUruguay: USD 1.5 MSouth Africa: USD 1.5 MSweden: USD 1.1 MEgypt: USD 0.9 MPoland: USD 0.9 MColombia: USD 0.9 MCzechia: USD 0.7 MJapan: USD 0.5 MCroatia: USD 0.4 M
  1. Brazil48%
  2. China26%
  3. Germany3%

Last 12 months, October 2025 to September 2026. See every country

What is moving the market

The latest aluminium market and foreign trade news, with their source.

More news

Macro and financing

Indices and rates for contracts, loans and construction budgets.

See the macro data
VariableLatest figure30 daysDate
UVA (purchasing value unit)Adjusts mortgage loans and many construction contracts.2,185.48 pesos+1.7%08/11/2026
CERUpdates debts and bonds for inflation.867.0007 coefficient+1.8%08/11/2026
Rental contracts index (ICL)Updates rents for contracts signed under Law 27,551.37.36 index+1.7%08/11/2026
BADLAR rate, private banksReference for the cost of borrowing in pesos.21.50 % a year−0.6%04/11/2026
TAMAR rate, private banksReference rate for wholesale deposits.23.56 % a year−0.8%04/11/2026
BCRA international reservesThe Central Bank’s dollar backing.50,298 USD million+3.4%03/11/2026
Expected inflation for the next 12 months (REM)Median of what the analysts surveyed by the BCRA expect.21.8 %+3.3%31/10/2026

Source: BCRA, main variables

Release calendar

  1. Inflation (CPI)INDEC · data for September 2026
    Delayed
  2. Industrial capacity utilisationINDEC · data for August 2026
    Delayed
  3. Economic activity (EMAE)INDEC · data for August 2026
    Delayed
  4. Industry (manufacturing IPI)INDEC · data for September 2026
    Delayed

Dates from the INDEC release calendar; the World Bank date is estimated (first business days of the month).

Latest data released

  • New Permits · August 2026SAT 7 NOV
  • New Zinc · October 2026WED 4 NOV
  • New Nickel · October 2026WED 4 NOV
  • New Copper · October 2026WED 4 NOV
  • New Aluminium · October 2026WED 4 NOV

How much does your profile cost today?

Would you like us to quote your profile? We are specialists with more than 25 years of experience.

Go to Perfiles

Frequently asked questions

What is the international aluminium benchmark?

The price of primary aluminium on the London Metal Exchange (LME). Its latest monthly average published by the World Bank is USD 3,061 per tonne (October 2026).

How is the international aluminium price set?

By supply and demand for ingot on the LME. On top of that benchmark, each region adds a premium for freight, taxes and availability.

What is the LME?

The London Metal Exchange, where aluminium, copper, zinc and other industrial metals are traded. Its cash price is the world benchmark.

Why is a profile’s price different from the international benchmark?

Because the benchmark is for ingot. A profile adds the regional premium, the alloy, extrusion, the finish, freight and taxes.

How does the dollar affect the Argentine market?

Aluminium is priced in dollars, so the exchange rate weighs on local costs. The BCRA wholesale dollar (Communication A 3500) closed at ARS 1,545.40 on 5 November 2026; the dashboard shows it separately and never multiplies it by the international price.

How is construction doing in Argentina?

INDEC’s ISAC showed −4.4% against the same month a year earlier in August 2026, and +0.8% year to date.

What does the ISAC measure?

INDEC’s Synthetic Indicator of Construction Activity measures activity through shipments of key inputs: cement, steel, bricks, paints and others.

What does the manufacturing IPI measure?

Manufacturing output, month by month: in August 2026 it changed −3.2% year on year. It has divisions such as basic metals, metal products and automotive.

Where can I check aluminium imports and exports?

In the dashboard’s Foreign trade section, from the official INDEC database: chapter 76 of the Mercosur nomenclature by month, heading and country. Confidential data is flagged, never estimated.

The aluminio.ar newsletter

Doble Click

Every Monday, the week’s most important aluminium news in your inbox, in Spanish: the stories that moved the market, the indicators and one more click of information. A 3-minute read.

Free. You can unsubscribe at any time. By subscribing you accept the privacy policy, which explains where your data is stored.

What it brings and every issue
Latest issue · #5 · Monday 2 November
  1. Aluar consolida su perfil exportador y la energía
Read the full issue (in Spanish)

Reference information taken from official public sources, cited for each figure. It is not financial advice or a sales quote. International aluminium is a monthly average; the dollar and the BCRA variables are updated every business day.

Can I help?