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LME Aluminium. LME Aluminium (or LME Aluminum in American and Canadian English) stands for a group of spot, forward, and futures contracts, trading on the London Metal Exchange (LME), for delivery of primary Aluminium that can be used for price hedging, physical delivery of sales or purchases, investment, and speculation. [1]
Aluminium (or aluminum in North American English) is a chemical element; it has symbol Al and atomic number 13. Aluminium has a density lower than that of other common metals, about one-third that of steel. It has a great affinity towards oxygen, forming a protective layer of oxide on the surface when exposed to air.
Data from USGS. The aluminum industry in the United States in 2023 produced 860 thousand metric tons of aluminum from refined metal ore (primary production), at six smelters. In addition, US industry recycled 3.4 million tons of aluminum (so-called secondary production aluminum). [1] Total annual imports of metal and alloy for use in secondary ...
The real price declined until the early 1970s; [131] in 1973, the real price equaled $2,130 per metric ton (in 1998 United States dollars). [104] The main drivers of the drop in price was the decline of extraction and processing costs, technological progress, and the increase in aluminium production, [ 131 ] which first exceeded 10,000,000 ...
Aluminum can prices vary by region and are based on weight. The average recycling value per pound of cans in the U.S. is currently $0.56. How many aluminum cans are in a pound?
Alcoa Corporation (an acronym for " Aluminum Company of America ") is an American industrial corporation. It is the world's eighth-largest producer of aluminum. [2][3] Alcoa conducts operations in 10 countries. Alcoa is a major producer of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing participation ...
Inflation, especially at high levels, causes a chain reaction that reverberates through the stock market in four ways. 1. Inflation influences stock prices. High inflation can affect stock prices ...
A commodities exchange is an exchange, or market, where various commodities are traded. Most commodity markets around the world trade in agricultural products and other raw materials (like wheat, barley, sugar, maize, cotton, cocoa, coffee, milk products, pork bellies, oil, and metals).