Procurement Resource Evaluates the Price Trends of Aluminium in its Latest Insights and Dashboard
Price Trends of Aluminium in its Latest Insights and Dashboard
Procurement Resource does an in-depth analysis of the market 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; customisation of price currencies and units and downloading of price information as excel files that can be used offline. The wages database and analysis of the Aluminium can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
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Product Description:
Aluminium, pronounced as aluminum in American and Canadian English, is a chemical component with the atomic number 13 and the symbol AI. It has a thickness less than those of other conventional metals, at nearly one-third that of steel. It has a good attraction towards oxygen and constructs a shielding coating of oxide on the exterior when subjected to air. Aluminium by its appearance looks like silver, both in its colour and in its exceptional capability to reflect light. It is delicate, non-magnetic, and flexible and has one permanent isotope, Al; this common isotope makes aluminium the twelfth most popular element in the Universe. The radioactivity of aluminium is applied in radio-dating.
Regions Covered to Evaluate Aluminium Price Trend:
- North America
- South America
- Europe
- The Asia Pacific
- The Middle East
- Africa
Industrial Uses Impacting Aluminium Price Trend:
Owing to its non-toxic property, aluminium is excellent for packaged food. An excessive amount of aluminium is utilised for packaging food, medication, and beverages. Additionally, it is also employed to produce trays, foils, cookware, utensils, refrigerators, and toasters. Furthermore, aluminium is also applied in several electronic devices, including smartphones, laptops, and televisions. Also, for years, the transportation industries have been applying large amounts of aluminium to every mode of transportation. Moreover, the aviation industry utlises aluminium to construct aircraft parts and navigation instruments. It is also utilised by NASA to build their spacecraft since it is lightweight and is strong even under pressure. Besides, the automobile industry has also been affected by aluminium as lighter frames result in effective fuel competence. Since it is softer and more flexible as compared to copper, it can be moulded into wires much more easily. Because of this, aluminium has been a replacement for copper wiring in transformers and almost all upgraded wiring systems. It is also being applied in fuse boxes, satellite dishes, sound systems, and household appliances.
Key Market Players:
- Rio Tinto plc
- United Company Rusal Plc
- American Elements
- PT Timah (Persero) Tbk
- Aluminum Corporation of China Limited (CHALCO)
- Alcoa World Alumina and Chemicals (“AWAC”) (Alumina Ltd)
News and Events:
A memorandum of understanding (MOU) was signed between Alcoa and China Power Investment Corporation (CPI) in January 2021, to work together on ventures that are worth more than USD 7.5 billion for aluminium and energy proposals over the upcoming years.
About Us:
Procurement Resource is Claight’s subscription-based SaaS platform providing 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 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 track 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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