Commodities Buzz: Aluminum prices are projected to increase by about 22% in 2026

World Bank has stated in its latest Commodity Markets Outlook that metal prices extended gains in April after increasing by 13 percent in 2026Q1 (q/q) amid growing supply concerns, including linked to the war in the Middle East. The impact of the conflict has been especially pronounced for aluminum, as the Middle East is an important supplier region. Aluminum prices are projected to increase by about 22 percent in 2026 (y/y). Together with copper price increases, these gains are expected to fuel a 17 percent rise in the metals and minerals price index this year?compared to an increase of less than 1 percent projected in January 2026?putting the index at an all-time high.

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