The value of aluminium on the international market is determined at the London Metal Exchange (LME), the world’s leading market for non-ferrous metals, based in London. Aluminium has been quoted here since 1978 – a recent date, considering it is a relatively young material from a historical point of view, discovered only in the early 1800s and widely used starting from the early 1900s.
The rapid growth in the use of aluminium led to the listing of its alloys on the stock exchange in 1992.
The price of aluminium is set through a daily pre-established trading procedure involving a closed number of accredited members, each with their respective roles and expertise.
During negotiations, the conditions of aluminium supply contracts for purchase and sale are defined, and subsequently the daily price is established.
WHICH FACTORS INFLUENCE THE PRICE OF ALUMINIUM The main factor influencing aluminium prices during trading is demand. The American and Chinese markets, being the world’s largest aluminium consumers, play the most significant role.
Consequently, the trend in industrial production of these two global economic giants quickly impacts aluminium quotations during trading procedures.
Another factor that significantly affects the price of aluminium, and consequently that of manufactured products including extruded profiles, is the cost of the energy required to produce aluminium.
Contact us to learn about the price of aluminium and our profiles. Browse our catalogues to find solutions for your needs. We also manufacture tailor-made profiles.
