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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]
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?
For each commodity they quote a range (low and high price) which reflect the buying and selling about 9-fold due to China's transition from light to heavy industry and its focus on manufacturing. [2] (China became the world's largest consumer of iron ore in 2003, [3] and accounts for over half of global metal consumption.) [4]
American Metal Market (AMM) is an online provider of industry news and metal pricing information for the U.S. steel, nonferrous and scrap markets. Products include a daily publication available electronically, live news on the publication's website, a hard-copy magazine and a series of weekly newsletters covering niche markets.
As large-scale production caused aluminium prices to drop, the metal became widely used in jewelry, eyeglass frames, optical instruments, tableware, and foil, and other everyday items in the 1890s and early 20th century. Aluminium's ability to form hard yet light alloys with other metals provided the metal with many uses at the time. [97]
Making a ton of primary aluminum consumes at least 12,500 kW-hr, and most plants consume 14,500 to 15,000 kW-hr per ton of primary aluminum. [18] Secondary production of a given unit of aluminum requires about 10% of the electricity of primary production. The United States mined production of bauxite for primary aluminum production is ...
An open-high-low-close chart (OHLC) is a type of chart typically used in technical analysis to illustrate movements in the price of a financial instrument over time. Each vertical line on the chart shows the price range (the highest and lowest prices) over one unit of time, e.g., one day or one hour.
The 2000s commodities boom, commodities super cycle [1] or China boom was the rise of many physical commodity prices (such as those of food, oil, metals, chemicals and fuels) during the early 21st century (2000–2014), [2] following the Great Commodities Depression of the 1980s and 1990s.