Why Price Of Aluminium Fluctuate In 2021

   According To New Straits Times, Malaysia’s Steel Price To Ride Global Wave In 2021, This Is Due To The Strong Demand For Steel Products Coupled With Raw Materials Shortage Around The Globe Such As Iron Ore And Metal Scrap. Besides, There Are Many Sectors In The High Demand Of The Usage Of Metal Such As Electric Vehicles, Solar And Green Energy, 5G Big Data Will Boost The Steel Industry As It Moved Up The Value Chain. India, The World Second Largest Aluminium Production Countries Is Facing A Decreasing Of Aluminium Supply Due to The Outbreak Of Covid-19 In 2021. Many Aluminium Production Line Had Forced To Stop With The Lack Of Manpower Which In Turn Unable To Cope With The Rise Of Demand. 

  Due To Demand More Than Supply, Consumers Are Facing To Purchase Items In A High Price. Material To Produce Electrical Appliances, Mobile Gadgets, Vehicles Had Been Greatly Affected As Well Due To Global Shortage In Semiconductors. The Shortage Of The Chips For Electronic Device Has Been Started To Impact Since Last Year. All The Production Delay Started When The Coronavirus Pandemic Hit And Causes All The Factories Temporary Shutdown. Currently All The Countries Are Fighting Over The Pandemic And Adapting The New Norm However Production Also Need Some Period Of Time To Fulfill The High Demand Of Supply And Impact On All The Countries.

Based On The Edge Market New’s, April 2021. The Pricing For Aluminium Has Been Drastically Increasing Since 2020. Aluminium Prices Would Continue To Rise Based On The Professional Analysis With Every US$100/Tonne Increase To Our Current Spot Aluminium Price Assumption Of US$2,250/Tonne In 2022.