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The common man got a shock on the first day of September! Aluminum became the most expensive in 10 years, these everyday items can be expensive

Shehnaz AliBy Updated:No Comments3 Mins Read
The demand for aluminum has increased rapidly in the last 20 years. It is increasingly being used in making everyday items. Yes, cars, refrigerators, items used in chicken, washing machines, aluminum foil paper used for packing food, etc. Now news is coming that aluminum prices have reached a 10-year high. In such a situation, many companies are thinking of increasing the price. Because the cost has increased. Aluminum is extracted from bauxite ore. India is among the top 10 bauxite producers in the world. According to the US Geological Survey, India has proven reserves of 600 million tonnes of bauxite ore.

Aluminum prices in the international market have reached a 10-year high. Experts believe that this can make many everyday items expensive.

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The demand for aluminum has increased rapidly in the last 20 years. It is increasingly being used in making everyday items. Yes, cars, refrigerators, items used in chicken, washing machines, aluminum foil paper used for packing food, etc. Now news is coming that aluminum prices have reached a 10-year high. In such a situation, many companies are thinking of increasing the price. Because the cost has increased. Aluminum is extracted from bauxite ore. India is among the top 10 bauxite producers in the world. According to the US Geological Survey, India has proven reserves of 600 million tonnes of bauxite ore.

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The demand for aluminum has increased rapidly in the last 20 years. It is increasingly being used in making everyday items. Yes, cars, refrigerators, items used in chicken, washing machines, aluminum foil paper used for packing food, etc. Now news is coming that aluminum prices have reached a 10-year high. In such a situation, many companies are thinking of increasing the price. Because the cost has increased. Aluminum is extracted from bauxite ore. India is among the top 10 bauxite producers in the world. According to the US Geological Survey, India has proven reserves of 600 million tonnes of bauxite ore.

The demand for aluminum has increased rapidly in the last 20 years. It is increasingly being used in making everyday items. Yes, cars, refrigerators, items used in chicken, washing machines, aluminum foil paper used for packing food, etc. Now news is coming that aluminum prices have reached a 10-year high. In such a situation, many companies are thinking of increasing the price. Because the cost has increased. Aluminum is extracted from bauxite ore. India is among the top 10 bauxite producers in the world. According to the US Geological Survey, India has proven reserves of 600 million tonnes of bauxite ore.

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Why aluminum is getting costlier- Aluminum has reached a 10-year high on the London Metal Exchange (LME-London Metal Exchange). The fall in supply is being told behind this. At the same time, demand has increased amidst fast-growing industry activities. That's why the prices have gone up.

Why aluminum is getting costlier- Aluminum has reached a 10-year high on the London Metal Exchange (LME-London Metal Exchange). The fall in supply is being told behind this. At the same time, demand has increased amidst fast-growing industry activities. That’s why the prices have gone up.

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Where is the most aluminum made - According to a report, the highest production of aluminum is done in China. After this, India comes second in terms of production. Russia is at number three and Canada is at number four.

Where is the most aluminum made – According to a report, the highest production of aluminum is done in China. After this, India comes second in terms of production. Russia is at number three and Canada is at number four.

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India is working on aluminum battery instead of lithium- Indian Oil Corporation (IOC) has started work with Israeli startup Phinergy Limited to make aluminum air battery. Lithium is rare, so we have used an element that is naturally available in abundance in the country. Aluminum batteries will prove to be better than lithium batteries in many respects. First, they will potentially be cheaper, they can be used for a longer range, they will also be more safe. The supply of aluminum is better than lithium. But the constantly falling prices of lithium-based systems will challenge this. When the aluminum plate reacts with the oxygen in the air, the battery works by using the electricity generated. Battery cells cannot be recharged. That's why Phinerjee is working on giving and recycling new batteries. IOC plans to use 30,000 filling stations as battery swapping stations.

India is working on aluminum battery instead of lithium- Indian Oil Corporation (IOC) has started work with Israeli startup Phinergy Limited to make aluminum air battery. Lithium is rare, so we have used an element that is naturally available in abundance in the country. Aluminum batteries will prove to be better than lithium batteries in many respects. First, they will potentially be cheaper, they can be used for a longer range, they will also be more safe. The supply of aluminum is better than lithium. But the constantly falling prices of lithium-based systems will challenge this. When the aluminum plate reacts with the oxygen in the air, the battery works by using the electricity generated. Battery cells cannot be recharged. That’s why Phinerjee is working on giving and recycling new batteries. IOC plans to use 30,000 filling stations as battery swapping stations.

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Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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