February 2022 Aluminum updateFebruary 1, 2022
The price for aluminum jumped back up to near record highs in the month of January. The LME price was up, in addition to the billet and Midwest premiums. The month of January closed at $1.69 per pound (rounded two decimals) on the Midwest Average, which was a $0.19 per pound increase over prior month. Prices on aluminum continue to be high due to low inventory, high demand, and ultra-high energy costs.