Aluminum is a core industrial metal, so its pricing reflects how the markets view economic growth. Because aluminum is key to vehicle manufacturing, high-rise buildings, aircraft, power lines, consumer electronics, and other industrial uses, rising aluminum prices can be an early indicator that economic expansion is underway. Falling prices can be a signal that the global economy is slowing. The global average Aluminum price was 2416.18 as of February 01, 2023.
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