How much does an aluminium sheet cost?
Aluminium sheet cost varies based on the quotation of the material made by the three reference markets: the Nymex of New York, the Tocom of Tokyo and the London Metal Exhange of London. The latter is the largest metals market in the world and daily quotes the cost of High Grade – the primary aluminium that reaches a degree of purity of at least 99.7% – in US dollars, considering the pound as a unit of measurement for the weight.
Aluminium price fluctuates with volatile market conditions. However, the continued shift towards low-weight electric vehicles and China’s reopening after three years of strict Covid-19 restrictions are helping to increase the demand. Whether in packaging, construction or electrical equipment, aluminium is used increasingly for its strength, corrosion resistance, recyclability and ability to act as a conductor. Furthermore, we must not forget that the growing need for transition towards a more sustainable future has led to an even greater demand for this material which has now become fundamental in the global metals market.
Cost of recycled aluminium sheets
Since aluminium is a lightweight and highly recyclable material that can be used repeatedly without losing its integrity, the demand for aluminium scrap and secondary products is growing more and more. In particular, also in this case it is the automotive sector that presents a greater demand for recycled metal, followed by end-use industries such as medicine and construction. For example in Italy, aluminium comes exclusively from the recycling of scrap given that the production of primary metal based on bauxite ceased in 2012 with the last plant located in Sardinia.
Obviously, both pure and recycled aluminium is used to create various semi-finished products such as plates, sheets, foils and coils. Afterwards, they are processed by the reference industries to create finished products.