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LME Aluminium contracts trade on the London Metal Exchange, which introduced them in 1978. [12] The contracts require physical delivery of the asset for settlement, and deliverable assets for the contracts are 25 tonnes of high grade primary Aluminium. The contracts prices are quoted in US dollars per tonne.
Metal prices are the prices of metal as a commodity that are traded in bulk at a predefined purity or grade. Metal can be split into three major categories, precious metals, industrial metals and other metals. Precious metals and industrial metals are priced by trading of those metals on commodities exchanges. [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?
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 ]
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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.
The company operates three aluminum smelters in the US, and one in Iceland. Construction of a fifth smelter in Iceland has been halted since 2009. All Century's operations produce primary aluminum, that is, aluminum from ore, rather than from aluminum scrap. In 2014, the company produced 881,000 metric tons of aluminum. [5] Robards, Kentucky
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