How much does aluminum cost in 2020?

In 2020, the average aluminum export price amounted to $1,847 per tonne, shrinking by -7.5% against the previous year. There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Norway ($2,367 per tonne), while Russia ($1,568 per tonne) was amongst the lowest.

How does construction growth affect the price of aluminum?

Construction growth rates can be volatile. Interest rates, unemployment, and overall economic strength can affect demand and, in turn, influence the price of aluminum. The costs of producing aluminum can have a meaningful impact on its price. Aluminum production uses large amounts of energy in the smelting process.

How many pounds of bauxite produces one pound of alumina?

Every two pounds of bauxite produces one pound of alumina. Through a process known as Hall-Heroult, aluminum producers smelt aluminum oxide and refine it into pure aluminum metal. Every two pounds of aluminum oxide produces one pound of aluminum.