How Much Is the Current Finished Aluminum? -Aluminum Profiles Supplier

There are great uncertainty for the price of the finished aluminum.

Due to the new crown epidemic initiative, power prices, labor shortage, and slowing economic slowdown have always troubled the market. It is expected that these factors will cause the global aluminum supply to interrupt and lead to soaring prices to the highest level in ten years. Aluminum has been used in various products, including cars, railway vehicles, packaging and aircraft. It is also highly respected for its low weight and strength weight ratio.

However, environmental problems have also reduced yield. Domestic is the world's largest aluminum producer. Its output accounts for about 60%of global aluminum output.

However, China has recently been struggling with energy issues.

Due to the high fuel cost, domestic manufacturing has been cut and some factories have been sealed. This has led to excess metal supply, and Beijing has a strict upper limit on future production capacity.

In addition, Europe is currently experiencing an energy crisis.

Therefore, energy costs are continuously rising, and the smelting plant is also cutting output. But if the world continues to produce aluminum in the past few years, the price of aluminum materials will continue to rise. At the same time, it is expected that by 2050, the global aluminum consumption will increase by 40%. Although this may be good news for the environment, it will also put pressure on metal producers.

In fact, the prices of raw aluminum have soared to a ten -year high of $ 3,100 per ton.

Some investors' bet prices will continue to rise. In the past six months, prices have been rising steadily, with an average increase of nearly 24%. They have been pushed by the continuous growth of power costs, and have reached the level of many people worrying about the future of metal. This is because aluminum is playing a vital role in clean energy transformation. Therefore, it is expected that the use of aluminum will increase significantly in the future. The future of aluminum is unclear. Some experts warn that aluminum may embark on the road of other commodity markets. The prospects of Russia's invasion of Ukraine have exacerbated these concerns, which will destroy the trade between Russia and other countries in the world.

If Russia launches an attack, aluminum will be affected by chaos.

Although the domestic market is still the main source of aluminum production, the country's environment and energy problems make it difficult for the industry to develop. Domestic has set strict restrictions on its future aluminum production capacity, and people are worried that this will lead to more serious deficits.