April 2021 Aluminum UpdateApril 5, 2021
Both the LME and the Midwest premium increased in price throughout March, leading to a closing Midwest Average of $1.18 (rounded 2 places). This was an $0.08 per pound increase over prior month for orders placed in April 2021.
December 2020 Aluminum UpdateDecember 1, 2020
Cost for aluminum went up considerably in the month of November due to an increase in the LME traded price, coinciding with increased demand. Pricing for December is based on a Midwest Average of $1.01 (rnd to 2 places), up $0.07 per pound from prior month.
June 2019 Aluminum UpdateJune 3, 2019
Prices for purchased material came down once again in June. This was due to a decrease in the LME price which gave us a Midwest Average of $1.00 per pound in May, rounded to two places. This was a decrease of $0.03 per pound from April’s average.
May 2018 aluminum updateMay 1, 2018
On April 6th, the US imposed sanctions on Russian aluminum producer Rusal, which supplied large amounts of aluminum to the US. This drove a sharp increase in prices, affecting both the LME and Midwest spot premium. Due to these sanctions, Midwest Avg. rose to $1.23 per lb, up $0.10 per lb from where […]
June 2016 Raw Material trendJune 6, 2016
May’s Midwest Average for raw material remained the same as April’s at $0.79 per pound. LME appears to be holding flat through the beginning part of June as well.