Aluminium (Al) is a silvery-white metal which is a chemical element from the periodic table’s main group of Group 13 (IIIa, or boron group). It is a light, soft, and malleable metal which does not occur naturally in a metallic form but is found in almost all compounds like rocks, vegetation and animals.
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It is among the most widely available metal on the planet ad is mixed with other elements like oxygen, silicon, and fluorine and is mainly used as a nonferrous metal. Its respective melting and boiling points are 660 °C (1,220 °F) and 2,467 °C (4,473 °F). Based on properties, it is non-toxic, has low density, high thermal conductivity, and great resistance to corrosion.
Key Details About the Aluminium Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Aluminium price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Aluminium Price chart, including India Aluminium price, USA Aluminium price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Aluminium Price Trend:
Aluminium is mainly employed for making various products, devices and vehicles, such as pans, beverage cans, foil, and aeroplanes, as well as siding and roofing. Furthermore, it is used in tiny amounts when mixed with other metals to make aluminium alloys which are stronger and harder. Aluminium compounds are used in different applications like water treatment and to make consumer products such as antacids, astringents, food additives, buffered aspirin, antiperspirants etc., which boost the market demand. In the electrical industry, it finds application as a conductor and in electrical transmission lines since it’s less expensive than copper. Other applications that further the industry’s development include consumer durables (refrigerators, air conditioners, cooking utensils), electrical conductors, building materials, and chemical and food-processing equipment.
Key Players:
- Rio Tinto plc
- United Company Rusal Plc
- American Elements
- PT Timah (Persero) Tbk
- Aluminum Corporation of China Limited (CHALCO)
- Alcoa World Alumina and Chemicals (“AWAC”) (Alumina Ltd)
News & Recent Development
- 1 June 2023- As per Commerzbank, the prices for aluminium will reach $2,600/mt by 2023-end and $2,800/mt by 2024-end. The last estimation settled at $2,800/mt and $3,000/mt, respectively.
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