27 MARCH 2026AlCircle.com
European aluminium premium reaches a record $472/t in March - is it a build-up from last year or the Hormuz crisis?
Edited by : Aranya Mondal
6 min read
The European aluminium premium, the extra cost buyers pay above London Metal Exchange prices to obtain physical metal, has risen in early 2026, indicating higher costs and tighter supply in the region. It was at USD 335 per tonne on January 2, 2026 and stayed within USD 340 per tonne to USD 360.63 per tonne through February.
The change became evident in March. Premiums moved up to USD 369.5 per tonne on March 2, rose to USD 427.5 per tonne by March 4, and continued increasing to USD 472.22 per tonne on March 25.
Over this period, average aluminium costs in Europe rose by roughly 17–18 per cent compared to late 2025.
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