🇱🇻Live Aluminium Price Per 1 Pound Today in Latvia
Live Rate
Live Rate
Buy
Sell
Metric Ton (LME Baseline)
Global standard pricing
€3,132.41
$3,651.75
Aluminum Futures
Market contract projection
€3,132.41
$3,651.75
Aluminum Ingot
Refined casting blocks
€3,132.41
$3,651.75
Per Kilogram (Kg)
Standard metric unit
€3.13
$3.65
Per Pound (lb)
Imperial unit
€1.42
$1.66
Scrap Aluminum (Kg)
Extrusion / Cans Baseline
€3.13
$3.65
Live Aluminium Price per undefined in Latvia
Welcome to the most in-depth guide for up-to-the-minute Aluminium prices in Latvia. Right now, the price of Aluminium per undefined stands as a critical indicator for industrial production across the region. Our platform provides live market data sourced straight from the London Metal Exchange (LME), ensuring you have the freshest pricing in EUR.
Industrial Aluminium Form Analysis & Applications
Aluminium is widely used in aerospace across Latvia. As electric vehicle production grows, the demand for durable aluminium continues to surge. Tracking the Aluminium spot price per undefined enables investors to predict production overheads accurately.
- Aluminium Extrusion: Profiles used in window frames, building facades, and structural supports. Highly valued in scrap markets.
- Aluminium Sheet & Coil: Used extensively in the packaging industry (cans, foil) and automotive body panels.
- Cast Aluminium: Utilized in engine blocks and heavy machinery components due to its excellent thermal conductivity.
- Billet & Ingot: The foundational blocks of raw aluminium used by foundries and manufacturers to create final products.
The Secondary Market: Aluminium Scrap in Latvia
The recycling market for aluminium scrap in Latvia is highly robust. Since recycling aluminium saves 95% of the energy needed to produce primary aluminium from bauxite ore, the recycling rate remains closely tied to the LME baseline. If you are dealing in machined chips, knowing the current conversion per undefined in EUR is vital for securing the best profit margins.
24-Hour Aluminium Market Trend in Latvia
In the last 24 hours, the Aluminium market in Latvia has shown significant movement. Investors and industrial buyers are monitoring the undefined price as it reacts to energy cost shifts. Near-term projections suggest that if industrial demand remain strong, the baseline LME price could see further consolidation. Conversely, any unexpected supply surpluses might trigger a cooling off period in EUR.
Live Market Sentiment & Future Outlook
Current market sentiment for Aluminium leans towards steady growth. The transition to green energy means long-term usage is virtually locked in. Local fabricators in Latvia are securing inventory to hedge against future price spikes. Furthermore, scrap dealers report strong processing volumes, indicating a robust circular economy that supports the overall pricing structure.
Frequently Asked Questions (Aluminium)
Q:What is the current price of Aluminium per undefined in Latvia?
A:The current price of Aluminium per undefined is undefined EUR. This price is updated dynamically based on global commodity exchanges.
Q:Why is Aluminium important in Latvia?
A:Aluminium is essential because of its corrosion resistance. It is the primary metal for construction facades.
Q:How much does scrap aluminium sell for?
A:Scrap aluminium prices generally trade at a percentage to the primary LME price. Bare aluminium wire fetches the best prices, while mixed scrap commands slightly discounted rates.
Q:What is the difference between Aluminium Ingot and Alumina?
A:Bauxite is the raw material mined from the earth. It is refined into aluminium oxide, which is then smelted to produce primary aluminium. The price per undefined we track is for the finished ingot.
Q:Does the London Metal Exchange (LME) control the price in Latvia?
A:The LME acts as the primary reference point for Aluminium pricing. Local prices in Latvia are derived from the LME base rate plus import duties and converted into EUR.
Q:Is Aluminium used in Electric Vehicles (EVs)?
A:Yes, absolutely. Aluminium is crucial in EV manufacturing to offset the weight of heavy batteries, thereby improving efficiency.
Q:How often does the Aluminium price change?
A:Aluminium prices fluctuate constantly during active trading hours on commodities markets. Our platform syncs these changes in real-time.
Q:What factors affect the Aluminium price per undefined?
A:Key factors include electricity prices (since smelting is energy-intensive), industrial demand in countries like China, and mining output of Bauxite.
Q:Can I invest in Aluminium in Latvia?
A:Yes, investors can trade Aluminium through mining stocks. Physical trading usually involves industrial procurement rather than retail bullion.
Q:Why is Aluminium pricing usually quoted in Metric Tons?
A:Due to its industrial nature, the institutional baseline is the Metric Ton. However, we provide conversions to undefined and EUR for localized convenience.
Aluminium Global Markets in Native Languages
Access native translations of commodity data and historical charts for our international markets.