Aluminum Prices and Forecasts | Provided by Procurement Resource
|Molecular Weight||26.981538 g/mol|
|Synonyms||7429-90-5, Aluminum, Aluminum metal, Aluminum powder|
|Region/Countries for which Data is available||
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||Our services can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after service delivery|
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Aluminium is a chemical element obtained from minerals that contain the substance. It is among the most widely available metallic element in the world. Some tiny amounts can be discovered in dissolved water with ease.
Aluminium has a silvery-white appearance and is light in weight with the atomic number 13 and the symbol Al. It is ductile, soft, non-magnetic, and an extremely reactive metal and has been used in numerous end-user industries.
On a global scale the leading Aluminum producing countries are China, India, Bahrain, the USA, and Germany.
Key Details About the Aluminum 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 Aluminum 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 Aluminum price chart, pricing database, and analysis can prove valuable for the 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 Aluminum Price Trend:
Industrial uses of Aluminum such as its application in packaging medication, food, and beverages is due to its non-toxic properties is impacting the Aluminum price trend. It is also used to manufacture foils, utensils, toasters, trays, cookware etc. In the electronics sector, it is employed in producing laptops, smartphones, and televisions.
Likewise, Aluminium, owing to its lightness and strength, improves fuel efficiency in trains while reducing emissions. In the aviation sector, the commodity is used to make parts for aircraft and navigation instruments. The substance’s low density and corrosion resistance in electronics make it ideal for long-distance power lines.
Key Market 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 and Events:
- September 15, 2022- There is a looming crisis in Europe as they face shortages and production cuts on aluminium, having to decide whether to rely on Russian supplies for the strong metal required for the region’s various industries, including construction, transport, and packaging.
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We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
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