Aluminium is a metal element found under the boron group. It is a white or silver metal that is nonmagnetic in nature. The metal is highly reactive and the third most abundant element on the earth’s crust. It has high conductivity for both heat and electricity, great corrosion resistivity, and is highly malleable and ductile. Aluminum is prepared by the Hall-Heroult process on a large scale, while bauxite is the sole source of it. The melting and boiling point is measured around 660.3°C and 2470° C, respectively.
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The United States, India, and Germany are the key importing countries for Aluminium. On the other hand, the key exporting countries include India, China, and Germany.
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:
Aluminum is extensively used by various industrial domains such as Packaging, energy production, transportation, architecture, food, metal production, and electrical transmission applications. Windows of houses, cladding, foils for insulations, shop fronts, roofing, doors, hardware, guttering, and much more are manufactured using Aluminium as its base metal.
Its corrosion resistivity and protection against UV rays make it a great option for manufacturing foils to wrap and protect food. It is also used in manufacturing aircraft, and not only that, but it is also used in manufacturing vehicles like ships, boats, military vans, bicycles, cars, and much more.
Key Players:
- Rio Tinto plc
- United Company Rusal Plc
- American Elements
- PT Timah (Persero) Tbk
- Aluminium Corporation of China Limited (CHALCO)
- Alcoa World Alumina and Chemicals (“AWAC”) (Alumina Ltd)
News & Recent Development
- Date: March 15, 2023– The Victorian company, Portland Aluminium, will reduce its overall productivity due to operational instability.
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