China accounts for nearly 60 percent of global aluminum output. Thanks to its properties the light metal is superior to copper here, which would have a greater mass with the same conductivity. It is also suitable for rolling into thin sheets or foils. It hardly corrodes and can also be recycled very easily. Current Aluminum Can Prices. Aluminum futures are mostly traded on the London Metal Exchange (LME), the New York Mercantile Exchange (COMEX) and the Shanghai Futures Exchange. “Smelters were 'killed' this year. The agency predicts aluminum prices to rise to $2,200 per metric tonne in the next 10 years. By combining it with magnesium, silicon and other metals, an alloy can be manufactured from aluminium with a strength similar to that of steel. Our prices are daily "spot" prices are gathered from a variety of public sources and offer a daily snapshot of a particular metal's price. Final remarks and outlook on 2019 The aluminium price fell further on December 14 to US$ 1908 /tonne, risking to finish the year below US$ 1900/ tonne, the lowest level since July 2017. The Aluminum prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Moving into 2019, trade policy and domestic investment in aluminum production will be the big factors to watch. For aluminum, the price is different if it comes from extrusions, cans, siding, and wheels. Spot Prices Updated Daily. Registration on or use of this site constitutes acceptance of our, Rio Tinto’s new aluminium alloys promise to support recycling by die casters, China Environment Ministry calls for End to Aluminium Sector's Move West, EC Imposes Provisional Duty on Aluminium Extrusions Imports from China, 50% Decline in Domestic Aluminium Demand in India Offset by Surge in Exports, Mr Emilio Braghi Re Elected as Chair of European Aluminium, Here's why stocks are at record highs following the Capitol chaos in DC, 'Don't sell a share': Billionaire investor Chamath Palihapitiya says Tesla's stock could triple from current levels, making Elon Musk the first trillionaire in history, Plug Power leaps 33% after South Korean conglomerate SK Group announces $1.5 billion investment, Longtime Tesla bear throws in the towel and upgrades shares after 1,200% rally, reflects on what it got wrong. Current and historical Aluminium prices, stocks and monthly averages. Today, aluminium is required in every industrial sector. Conversion Aluminium Price Price; 1 Ton = 1,000 Kilograms Aluminium Price Per 1 Kilogram 2.03 USD Aluminum is used widely in aerospace applications, packaging, automobiles and railroad cars and as a construction material. Besides, over 80 steel professionals engaged in China's steel industry. Used aluminum cans are piling up in scrap yards as the market for aluminum recyclables shrinks in size and profitability, The Wall Street Journal reports. Such a move would likely lower U.S. aluminum prices further due to the re-entry of a foreign supplier. As an ominous forerunner of the risks ahead in 2019, LME aluminum prices suffered massive downward pressure in 2018, falling by 17.4 in a persistent downtrend throughout most of … (not seasonally adjusted data) Commodity Producer Price Index - Metals and metal products; Historical data Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual Last Updated: December 25, 2020, 12:01 pm. Meanwhile, the metal started the … Smelters start to lose money when the alumina price rises above 19% of the aluminium price, traders told Fastmarkets. 1000+ metal prices, 1800+ Databases. At this time aluminium was still more valuable than gold and had a higher price. Get updated data about gold, silver and other metals prices. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Trading Economics does not verify any data and disclaims any obligation to do so. The Dane Hans Christian Oersted discovered the element of aluminium in 1825 when he deconstructed alumina into its elements. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. $ 1,935.28. per metric ton. Simply select the date and all available prices will be shown. Download historical data for 20 million indicators using your browser. All rights reserved. The biggest producers of aluminum are: The Aluminum Corporation of China (Chalco), Alcoa and Alumina Ltd, Rio Tinto from Australia, UC Rusal of Russia, Xinfa from China, Norsk Hydro ASA from Norway and South 32 from Australia. Aluminum Item Type Price. $0.15/lb; Aluminum Radiators. Investors also participate in metal price speculation through investment in mining companies and funds that invest in mining firms. 76.4% of retail CFD accounts lose money. Aluminum cans may only cost $0.33 a pound, while aluminum wheels may fetch up to $0.50 a pound. Provides comprehensive Daily, Weekly, Monthly, Annually reports. Prices are indicative and may differ from the actual market price. $0.10 – $0.20/lb; Clean Aluminum. Every metal traded on the LME must conform to strict specifications regarding quality, lot size and shape. $0.35 – $0.45/lb; ACSR Wire. While some polls have suggested aluminum prices could be back over $1,800 per ton next year if current conditions prevail, that looks unlikely. Aluminum 5052-h32 for Extreme Corrosion Resistance Since corrosion resistant 5052 aluminum plate and 5052 aluminum sheet provides a light weight, high strength and attractive finish, it is perfectly suited for a wide range of marine applications including ship building, fuel tank assembly and oil … In September in Australia, alumina was trading at 30% of the LME aluminium price. * Real-time data for indices, futures, commodities or cryptocurrencies are provided by market makers, not the exchanges. Aluminium is used particularly in the packaging industry, but has also been favoured in vehicle construction for some years now, due to its low density. Aluminium is the third most abundant element (after oxygen and silicon) and is very reactive. $0.03/lb; Aluminum Cans. $0.15 – $0.25/lb; Painted Siding. The London Metal Exchange three-month nickel price had the biggest rise of 4.8% and tin crossed the $21,000 per tonne mark for the first time since April 2019 in an upbeat start to the year for the entire complex on Monday January 4, where all forward prices … Another forecast from the International Monetary Fund (IMF) suggests that aluminum price will rise in 2020 and 2021 to … Non-Ferrous ... Aluminum - Clean. It’s called aluminum by the Americans and aluminium by the British, but everyone agrees that it’s the third most abundant element in the world next to oxygen and silicon. The standard future contract size is 5 tons. Aluminum Scrap Prices … LME Copper Contract specifications. Two years later the German chemist Friedrich Wöhler was successful in producing aluminium powder. Publish your articles and forecasts in our website. The LME three-month aluminum price remains up 2.2% month over month after closing last week at $2,025 per metric ton. Find gold, silver, and copper futures and spot prices. Short Answer: Scrap aluminum values range from around $0.06 to $0.50 per pound, with higher prices for uncontaminated aluminum wire, cans, and rims.Below, we explain the average aluminum scrap prices, how to find aluminum scrap, and where to sell it. Each LME tradeable contract is likewise governed by rules covering (but not limited to) prompt dates, settlement terms, traded and cleared currencies and minimum tick size. Scrap metal prices are constantly changing so the iScrap App National Prices … Our aluminum prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Spot Metal Prices on Jan 04, 2021 Use this form to dynamically generate a table showing metal prices for the date specified. In 2007, the average aluminum price stood at 2,638 U.S. dollars per metric ton, a record high for aluminum prices. In 2019 the average price of aluminum was 1,794 U.S. dollars per metric ton. Aluminum price is expected to decrease to $1,760 per metric tonne in 2020 from an average of $1,790/mt in 2019 and rebound to $1,800/mt in 2021 as projected by the World Bank. Metal prices have also reacted to Euro/Dollar exchange rates (currently at 1.13). Europe and the USA require and consume the largest amount of aluminium at present, but aluminium consumption in the growing industrial nation of China is increasing, particularly because of the metal’s use in the booming construction sector. 1989-2021 Data | 2022-2023 Forecast | Price | Quote | Chart | Historical. Scrap Metal Scrap Price Updated Price Date; Copper National Average: $2.49/lb: Updated 12/21/2020: Steel National Average: $113.00/ton: Updated 12/21/2020: Aluminum National Average: $0.29/lb: Updated 12/21/2020 Aluminium is not only very light but also very strong. Because of its heat conducting properties, aluminium is also required to manufacture heat exchangers (coolers) and cooling fins. An outbreak of a new coronavirus (2019-nCoV) in Wuhan, the capital of Hubei province in mainland China, and subsequent extension of factory closures beyond the Lunar New Year holiday have caused a downward revision to our iron ore and steel price forecasts over the first half of 2020. *Prices last updated 12/7/2020. The Trading Economics Application Programming Interface (API) provides direct access to our data. This is where aluminium gets its name from, derived from the Latin word for alum, “alumen”. Scrap Metal Prices Per Pound | USA Cheeky92 2019-09-10T18:23:18+00:00. $0.25 – $0.35/lb; Aluminum Rims. The disparity between high alumina prices and low LME aluminium prices made 2018 a tough year for smelters. This means that the price of aluminium is mutually interdependent on the price of oil. Its specific qualities make it indispensable in many areas of application, such as the transport and construction industry, mechanical engineering or the packaging industry. Plus500. We would like to show you a description here but the site won’t allow us. ... Every metal traded on the LME must conform to strict specifications regarding quality, lot size and shape. In some cases, the prices depend on the item the metal comes from. A quick and dirty way of estimating the current price of aluminum cans is to use the chart above and multiply it by some rough percentages of what recycling centers pay. Direct access to our calendar releases and historical data. $0.20 – $0.30/lb Made In NYC | The biggest resources of bauxites, the raw material for aluminum are located in Australia, China and Guinea. Stock quotes by finanzen.net, Aluminium is a light metal which has a silvery white colour in its pure state and which is so soft that it can easily be stretched and used to make fine wires. More than just sentiment is … Prices updated daily. © 2021 Insider Inc. and finanzen.net GmbH (Imprint). Scrap Metal Prices Per Pound. AL-CU Radiators. Based on my research, recycling centers often pay around 25% to 35% on the low end, and 50% at best. . Prices are subject to change without notice. Because of its electrical conductivity aluminium is also used as a conductor material in power lines. The metal is also used in aircraft construction and in space technology. Current Price List. Aluminum increased 47.25 USD/Tonne or 2.39% since the beginning of 2021, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Transportation bottlenecks and other logistical struggles are also playing into aluminum prices, according to ISRI. This is a change of 7.15% from last month and 9.04% from one year ago. The price for used aluminum cans tanked 30 percent since the summer of 2018. (read more). Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Coronavirus outbreak to weigh on global steel markets. $0.20/lb; Cast Aluminum. Updated daily. Price per pound $ 0.40 $ 0.40 Chrome Car Wheels - Aluminum - Clean. One website offers prices for scrap copper, steel, aluminum and other metals. $1.15 – $1.25/lb; Aluminum Breakage. Commerce Policy | Aluminum Price is at a current level of 1935.28, up from 1806.10 last month and up from 1774.79 one year ago. Historically, Aluminum reached an all time high of 3271.25 in July of 2008. $0.10 – $0.20/lb; Aluminum Truck Rims. 2019-01-07: Aluminum Wheels Clean Scrap: 0.36: 0.36: 0.36: USD/LB: 2018-04-27: Aluminum Wire Scrap (No coating) 0.15: 0.15: 0.15: USD/LB: 2019-01-07: Chrome Wheels Scrap: 0.20: 0.20: 0.20: USD/LB: 2019-01-07: Heavy Irony Aluminum Scrap: 0.09: 0.09: 0.09: USD/LB: 2018-04-27: Insulated Aluminum Wire Scrap: 0.09: 0.09: 0.09: USD/LB: 2019-01-07: Irony Aluminum Scrap: 0.12: 0.12: 0.12: USD/LB: 2018 … Producing aluminium is a very energy-intensive process – around a quarter of the manufacturing costs are attributable to energy consumption. Aluminium is produced primarily in China, Russia and the USA, while the most significant aluminium ore deposits can be found in Australia, Guinea, Brazil, Jamaica, India, Guyana and Indonesia. For this reason it only exists in chemically bonded form. Our last price change was made on December 28, 2020. 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