According to Metalprices.com, the current price of Aluminum per pound is $1.07. There are 2,000 pounds (Lbs) to a US ton (also known as a short ton), which means the current price of scrap Aluminum per metric ton is $2,140.
It is popular because it has a very low density and resists corrosion well, but it's never found in free-form; it is always part of another ore which needs extraction.
This is not to say such a decline in cost is bad. With the rising rate of inflation in many countries across the world, budgets are becoming tighter and priorities are being organized. Aluminum isn't a priority metal, but it still needs to be sold, so in order to get rid of it it must be sold at a lower price.
- Aluminum
It is popular because it has a very low density and resists corrosion well, but it's never found in free-form; it is always part of another ore which needs extraction.
- What is the Metric system?
- Is the cost of Aluminum rising or falling?
This is not to say such a decline in cost is bad. With the rising rate of inflation in many countries across the world, budgets are becoming tighter and priorities are being organized. Aluminum isn't a priority metal, but it still needs to be sold, so in order to get rid of it it must be sold at a lower price.