Scrap aluminum prices

The price of aluminum is rising. Will it reach $4,000 per ton?

With the start of 2023, the price of aluminum started to rise from January 6 of this year. During the period of the previous year, the price of aluminum was the highest at the beginning of March and reached as much as $3,840 per ton. However, the price of aluminum continued to decrease until the end of the year. At the end of September last year, the price of aluminum had fallen to its lowest point, and at that time it was $2100 per ton or even less. It is easy to calculate that the price of aluminum has fallen by more than 45% from the highest point to the lowest point during the last year. Observing this situation of the price of aluminum in the metal exchanges, it is not surprising that the price of aluminum scrap has been constantly decreasing in the past year. The price of aluminum is very important for both industry and consumers. Aluminum is a very versatile material used in the production of many products, such as automobiles, construction and electronics industries, energy industries. As a result, the price of aluminum is highly sensitive to economic and political changes.