Aluminium: Prices

Department for Business, Energy and Industrial Strategy written question – answered on 23rd May 2022.

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Photo of Jonathan Reynolds Jonathan Reynolds Shadow Secretary of State for Business and Industrial Strategy

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment his Department has made of the impact on British businesses of rising aluminium costs.

Photo of Lee Rowley Lee Rowley Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy), Government Whip, Lord Commissioner of HM Treasury

The Government regularly engages with industry to discuss impacts and opportunities for UK businesses. Whilst aluminium prices increased in March, following the Russian invasion of Ukraine, they have since returned to pre-conflict levels.[1]

[1] Prices peaked on 7th March and in steady decline since, and as at 17th May, are at $2,800/t (Source – LME Aluminium)

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