Sheet Aluminum Prices – Historical Graph

Real-time chart of historical daily sheet aluminum prices. The prices are shown in pound.
The current price is and is last updated on .
  • The average price in the past 3 days is
  • The average price in the past 7 days is
  • The average price in the past 30 days is
  • The average price in the past 365 days is

Sheet Aluminum Prices Explained

Sheet aluminum prices continue to hold their stable value as the need for recycled aluminum grows. Additionally, the new development trend of processing techniques that enhance the mechanical properties and formidability of aluminum sheets and strips fuels its marketability in the market.

The Asia-Pacific is the largest and fastest-growing market driven by the region’s rapid industrialization and urbanization, particularly in China, India, and Japan.

Furthermore, the North American market holds a significant share of the global sheet aluminum market as the region’s construction, automotive, and aerospace industries have a big appetite for this commodity, thus contributing to the spike in sheet aluminum prices.

Why are sheet aluminum prices fluctuating?

1. Raw Materials

The raw material in making this commodity is aluminum ingots which come from bauxite. Thus, the price of aluminum ingots fluctuates due to bauxite mining conditions, energy costs, and supply-demand dynamics within the aluminum industry. Overall, changes in aluminum ingot prices have a direct and significant impact on the overall production cost of sheet aluminum.

2. Energy Costs

Energy costs have a crucial role in shaping the price of sheet aluminum due to their significant contribution to the overall production expenses within the aluminum manufacturing process. Moreover, the fluctuations in energy costs, whether upward or downward, possess the capacity to directly affect the structure of sheet aluminum prices.

3. Environmental Regulations

Compliance with environmental regulations and the implementation of sustainability result in increased production costs, which are passed on to consumers and industries through adjusted sheet aluminum prices. Also, these pricing adjustments aim to cover the expenses obtained in meeting environmental compliance and sustainability standards, potentially impacting the overall sheet aluminum prices for buyers.

4. Trade Policies

Governments have the authority to impose tariffs or duties on both imported and exported aluminum products, including sheet aluminum. Imposing import tariffs results in increased costs for imported sheet aluminum, rendering it more costly for domestic purchasers. Conversely, export tariffs impact the competitiveness of domestically manufactured aluminum in global markets, potentially limiting the quantity available for export.

Which variables impact the price of sheet aluminum?

  • Raw Material Costs
  • Energy Costs
  • Environmental Regulations
  • Trade Policies
  • Transportation Costs
  • Industry Trends
  • Supply and Demand
  • Geopolitical Events

Where does sheet aluminum come from?

Sheet aluminum production involves the casting of aluminum ingots created from refined molten aluminum. Thus, these ingots are the foundation of sheet aluminum. Here’s a brief overview of the process:

1. Mining – Bauxite is the primary source of aluminum that is typically mined in open-pit operations in tropical and subtropical regions.

2. Refining – After mining, it goes through a refining process to extract aluminum oxide. The refining procedure is called the Bayer process and it involves crushing and grinding of bauxite. Then, refine it using caustic soda to yield alumina.

3. Aluminum Smelting – Alumina is processed in aluminum smelters, where it is melted at high temperatures to yield aluminum metal. Additionally, this specific procedure is referred to as the Hall-Héroult process.

4. Casting – The aluminum metal is cast into ingots or large blocks that serve as the primary source material for various aluminum products, including sheet aluminum.

5. Rolling and Forming – To create sheet aluminum, aluminum ingots are heated and passed through rolling mills. These rolling mills use massive mechanical pressure to flatten and stretch the aluminum into thin sheets of the desired thickness. Furthermore, the sheets are further processed and cut to specific sizes.

What are the uses of sheet aluminum?

Aluminum is a widely favored metal for many applications due to its combination of lightweight properties and strength.

Also, its versatility makes it a good option for a range of industries, including transportation and construction as it provides exceptional functionality and durability at a relatively economical price point. Some common industrial applications of sheet aluminum include:

1. Automotive – The automotive industry makes use of sheet aluminum in several applications such as body panels, hoods, doors, and heat shields as its lightweight nature contributes to enhancing fuel efficiency in automobiles.

2. Aerospace – Aircraft construction uses sheet aluminum for its lightweight properties. Furthermore, this application is mainly used in the fabrication of aircraft components, including wings, fuselages, and structural parts.

3. Construction – Roofing, cladding, and structural construction use this commodity as its resistance to corrosion makes it suitable for exterior applications.

4. Transportation – Aluminum sheets are used in the manufacturing of various vehicles like trains, buses, and trailers. Their lightweight properties contribute to fuel efficiency.

5. Packaging – The food and beverage packaging extensively uses sheet aluminum for cans, containers, and foils. It provides a barrier against light, moisture, and oxygen, preserving the quality of the packaged products.

6. Electronics – Also, it is used in electronics for heat sinks, chassis, and enclosures as its thermal conductivity helps spread heat efficiently.

7. Industrial Equipment – And, the production of industrial machinery and equipment uses this metal due to its strength and corrosion resistance.

What is the future price of sheet aluminum?

The increasing volume of construction and infrastructure development projects, as well as the growing adoption of aluminum products in interior applications and cladding, is the key factor behind global growth.

Additionally, China stands as the leading global producer of aluminum, primarily due to its abundant reserves of bauxite, the essential raw material for aluminum production.

Overall, the sheet aluminum price can reach $2,400 per ton in 2028 with a CAGR of 6.1%.

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