HomeBUSINESSAluminium Prices, Trends & Forecasts | Provided by Procurement Resource

Aluminium Prices, Trends & Forecasts | Provided by Procurement Resource

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.

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most 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 tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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