If you’re a commodities trader or want to invest in commodities, analysing aluminium mini prices is a great idea. Aluminium, a silvery-white substance, is a non-magnetic and ductile metal. By mass, aluminium comprises about 8% of the Earth’s crust. After oxygen and silicon, aluminium is the third most abundant element in the earth’s crust. Bauxite is its chief ore.
The most common use of aluminium mini is in the food and beverage industry where it is widely used in the making of aluminium tin foils for food storage. In the transportation industry, aluminium mini is required in the manufacture of automobile parts, railway carriages, marine vessels, and aircraft. By consumption, aluminium takes second place after steel. It is also considered completely recyclable without diminishing its natural qualities.
Aluminium mini prices dropped by 15 paise to reach Rs 131 per kg. With aluminium being used in a range of industrial purposes, it is wise to add it to your investment portfolio.