The aluminum market is constantly changing, besides product information there is a great demand for current prices and real time LME aluminium prices.
The history of aluminum
The processing of light metal aluminum in comparison with other commonly used non-ferrous metals such as iron, copper, tin, silver and gold, have a very short history in the world. Aluminum was discovered at the beginning of the nineteenth century and came only at the beginning of the twentieth century sufficiently available for various industrial applications. The English chemist Davy gave this pure metal the name aluminum.
How is aluminum made?
Aluminum is made by the raw material bauxite alumina to extract. Less than a hundred years later, aluminum is impossible not to think of in the world. Aluminum is sufficiently present, it is widely applicable and durable material for various processes and can be used in very different products.
How is LME aluminum pricing determined?
Each aluminum processing company in the world has to deal with the risks of fluctuating aluminum prices and as a result the prices for intermediate goods and the prices of finished known products. Through past experience we have learned that not only supply and demand is an important part for the historical aluminium prices, but above expectations and sentiments in the financial sector, the price of aluminum determination.
The risks of fluctuations of aluminum
Changes in aluminum prices are very unpredictable and price fluctuations can be very strong. These fluctuations have a direct impact on the profit margins, the value of the stock, but also behaviors of customers who ordered the aluminum suddenly do want to diminish or postpone the order. Companies seek control of these risks by making good agreements with customers, full-service water damage restoration in San Diego and suppliers of aluminum.
In basic industry, it is already customary to price risk management by trading the futuremarket for aluminum, the London Metal Exchange (LME). The world prices of aluminum are listed on the London Metal Exchange (LME) and form the basis for price calculations of many aluminum processing enterprises. The LME aluminum gives the price in U.S. dollars per 1,000 kg. The ‘settlement price’ is the official cash sale and generally serves as a basis for contracts.