Warehouse Aluminum Stock Dropped Sharp

In the light construction sector, CMI LC competes with other materials, but even if it has to experience market demise in the respective application areas, it will find increased employment in other areas, and its growth area will remain larger in the area where it is found. The trend of energy-efficient cars and excellent material reusability, which allows the energy invested in its production to be reclaimed, will inevitably increase aluminum consumption. High demand has a huge impact on stocks – regardless of whether it is official volume listed in certified warehouses listed on metal exchanges such as the London Metal Exchange (LME), shares held by producers or aluminum “secret reserves” are discovered. at another place. Aluminum stocks at LME warehouses have fallen sharply – volumes currently held are only a quarter of their 2014 levels globally. These figures reflect the fact that the demand for this light metal has increased sharply compared to the previous century, not only in China but around the world. CRU, a metals consultancy, does not expect demand for aluminum to weaken before 2025 at the start, and forecasts demand to remain strong – and likely to continue – until then.

Aluminum is one of the lightest metals in the world so it is widely used to manufacture various products. This silver-colored metal has a shiny color and is malleable so it is easy to bend without breaking. In nature, aluminum is found in an ore called bauxite. This ore is refined using a variety of techniques to produce an aluminum oxide called alumina. Alumina is then refined to produce aluminum. The largest aluminum production in the world occurs in China with more than twenty-three thousand tonnes produced in 2014. This figure is almost 20 thousand tonnes higher than other countries. This is because people in China have a high demand for this light metal. From motor vehicles to soda cans, aluminum is used in a variety of products that are in high demand in China and as a result, the country has a high level of production of this material. It is said that such a large and expensive amount of aluminum could be produced in China because there is likely to be a large number of subsidies in the production costs by the government.

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