LME aluminum price rises on Mar 21, hit 11-week high

Due to the rebound in demand from China, the world’s largest consumer, aluminum prices on the London Metal Exchange (LME) rose by US$28.5 on March 21 to an 11-week high.

According to customs, China imported about 720,000 tons of unwrought aluminum and other nhôm products from January to February this year, soaring by 93.6% from the same period in 2023

Due to its excellent physical properties, aluminum has been widely used in various sectors of the national economy and the national defense industry.

As a lightweight structural material, aluminum is light in weight and high in strength. Various land, sea and air vehicles, especially aircraft, missiles, rockets, artificial satellites, vv, all use a large amount of aluminum.

The amount of aluminum used in a supersonic aircraft accounts for Nhôm accounts for 70% of its own weight, and the amount of aluminum used in a missile accounts for more than 10% of its total weight.

Various vehicles made of aluminum and aluminum alloys can reduce energy consumption due to their light weight. The energy saved far exceeds the energy consumed in smelting aluminum.

In the construction industry, aluminum alloys are used to make doors, windows and structural materials for houses, and aluminum is used to make solar collectors, which can save energy. In terms of power transmission, aluminum consumption ranks first, và 90% of high-voltage electrical conductors are made of aluminum. In the food industry, from warehouse storage tanks to cans.

RAYIWELL MFG LIMITED is aluminum sheet coils suppliers & also a manufacturer of other steel and aluminum materials like Aluminum strip, cuộn nhôm, tấm nhôm, aluminum checkered plate and carbon steel plate.

RAYIWELL MFG LIMITED also sell cold rolled steel coils, SPCC, Galvanized steel sheet, SGCC, Galvalume steel coils, Aluzinc steel coils, pre-painted Galvanized steel coil, PPGI and we can sell Non Grain oriented steel or CRNGO and stainless steel sheet, stainless steel coil. We are not only selling steel materials but also offer custom sourcing service from China.