🇰🇷Live Aluminium Price Per 1 Scrap Aluminum KG Today in South Korea
Live Rate
Live Rate
Buy
Sell
Metric Ton (LME Baseline)
Global standard pricing
₩5,502,376
$3,651.75
Aluminum Futures
Market contract projection
₩5,502,376
$3,651.75
Aluminum Ingot
Refined casting blocks
₩5,502,376
$3,651.75
Per Kilogram (Kg)
Standard metric unit
₩5,502
$3.65
Per Pound (lb)
Imperial unit
₩2,496
$1.66
Scrap Aluminum (Kg)
Extrusion / Cans Baseline
₩5,502
$3.65
Live Aluminium Price per undefined in South Korea
Welcome to the most accurate guide for up-to-the-minute Aluminium prices in South Korea. Today, the price of Aluminium per undefined stands as an essential metric for industrial production across the region. Our platform delivers instant updates sourced directly from global exchanges, ensuring you have the most reliable pricing in KRW.
Industrial Aluminium Form Analysis & Applications
Aluminium is extensively used in construction across South Korea. As electric vehicle production expands, the demand for durable aluminium continues to surge. Monitoring the price of Aluminium per undefined allows manufacturers to anticipate material costs with high precision.
- 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 South Korea
The recycling market for aluminium scrap in South Korea is highly robust. Since recycling aluminium requires only 5% of the energy needed to produce primary aluminium from bauxite ore, the scrap value remains closely tied to the spot price. Whether you are trading extrusion scrap, knowing the live rate per undefined in KRW is essential for maximizing returns.
24-Hour Aluminium Market Trend in South Korea
In the last 24 hours, the Aluminium market in South Korea has shown notable activity. Investors and industrial buyers are monitoring the undefined price as it reacts to energy cost shifts. Short-term projections suggest that if industrial demand remain steady, the baseline LME price could see further consolidation. Conversely, any drops in manufacturing output might trigger a price correction in KRW.
Live Market Sentiment & Future Outlook
Current market sentiment for Aluminium leans heavily bullish. The transition to green energy means long-term usage is virtually guaranteed. Local fabricators in South Korea are stockpiling inventory to hedge against future volatility. Furthermore, recycling facilities report high turnover rates, indicating a healthy circular economy that supports the overall pricing structure.
Frequently Asked Questions (Aluminium)
Q:What is the current price of Aluminium per undefined in South Korea?
A:The latest price of Aluminium per undefined is undefined KRW. This price is updated dynamically based on global commodity exchanges.
Q:Why is Aluminium important in South Korea?
A:Aluminium is essential because of its lightweight properties. 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 highest prices, while mixed scrap commands slightly lower 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 refined metal.
Q:Does the London Metal Exchange (LME) control the price in South Korea?
A:The LME acts as the primary reference point for Aluminium pricing. Local prices in South Korea are derived from the LME base rate plus import duties and converted into KRW.
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 increasing driving range.
Q:How often does the Aluminium price change?
A:Aluminium prices fluctuate constantly during active trading hours on commodities markets. Our platform captures 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 South Korea?
A:Yes, investors can trade Aluminium through commodity ETFs. 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 KRW for localized convenience.
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