Aluminum prices rose to their highest level since April 2022 during trading on Tuesday.
Aluminum on the LME rose 0.8% to $3,111 per ton. Prices for other metals also rose: zinc added 1.5% and reached $3,241.5 per ton.
Aluminum is widely used as a structural material. The main advantages of aluminum are its lightness, malleability, corrosion resistance, high thermal conductivity, and the non-toxicity of its compounds. In particular, these properties have made aluminum extremely popular in the manufacture of cookware, aluminum foil in the food industry, and for packaging. The first three properties have made aluminum the main raw material in the aviation and aerospace industries (recently, it has been replaced by composite materials, primarily carbon fiber). After construction and the production of packaging—aluminum cans and foil—the largest consumer of metal is the energy industry.
