Aluminum increased to 1978.50 USD/LB in July from 1856.75 USD/LB in June of 2014. Aluminum averaged 1751.34 from 1989 until 2014, reaching an all time high of 3271.25 in July of 2008 and a record low of 1022.70 in November of 1993.
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Aluminum is a lightweight, corrosion resistant metal used mainly in aerospace applications, as a construction material, in packaging, automobiles and railroad cars. Resources of bauxites, the raw material for aluminum are only located in seven areas: Western and Central Africa (mostly, Guinea), South America (Brazil, Venezuela, Suriname), the Caribbean (Jamaica), Oceania and Southern Asia (Australia, India), China, the Mediterranean (Greece, Turkey) and the Urals (Russia). Aluminum futures and options contracts provide price transparency to the U.S. aluminum market, valued at about $35 billion per year in products and exports. This page provides - Aluminum - actual values, historical data, forecast, chart, statistics, economic calendar and news.