Last Updated on May 16, 2022
People invest in different metals, depending on their worth and prices. Aluminum is not high on many people’s lists as it does not offer high returns. However, if you have some lying around, you can always sell them to get some money.
So, if you want to understand the worth of aluminum in a pound, you are in the right place. Here is everything you must know about it.
How Much Is A Pound Of Aluminum Worth?
The price of aluminum per pound is between $0.15 and $1. Of course, that also depends on the type of aluminum object you have that you want to sell. For example, the price of aluminum cans per pound can range between $0.30 and $0.75.
That is why it is important to know the various products of aluminum and what they offer. Once you do, you will have a better idea of the aluminum’s worth. Remember that prices are also subject to change.
However, aluminum is not a highly volatile metal, which is why the prices may remain constant for a while before they change. Of course, it is still important to check the latest price when you try to sell or buy aluminum.
Why Is Aluminum So Expensive Now?
Generally, the prices of all goods and commodities are rising globally. However, after the pandemic, the greening of the economy has led to a high aluminum demand because of the prevalence of electric solar panels and car production. Of course, as the demand increases, the prices also increase.
When you combine it with the political uncertainty and instability all around, aluminum prices go up even higher. Because of all these reasons, you might have noticed that even aluminum is incredibly expensive these days.
Is Aluminum More Expensive Than Steel?
In terms of the cost of raw materials, aluminum is at least three times more expensive than steel. On the other hand, aluminum is twice as expensive in terms of conversion costs. Besides that, in the cost of assembly, aluminum is at least 20 to 30% more expensive than steel.
So, if you are comparing aluminum and steel, the former will generally be more expensive. However, how expensive it will be will depend on what you need it for. You can decide accordingly when and how much aluminum you require.
How Long Can Aluminum Last?
Of course, the durability of aluminum will depend on its use. For example, most people use aluminum on the exterior framing of their storefront windows and doors. If you opt for this, the aluminum can last many decades without you having to change.
However, as a general rule of thumb, aluminum can last anywhere between a decade and a century before it finally begins decomposing. That is why it is crucial to understand the longevity of this metal. It will enable you to make the right decision in no time.
Can Aluminum Get Rusty?
Fortunately, aluminum does not rust with time. However, it is still a corrosive metal, which is why it corrodes with time. The aluminum oxide coating is highly resistant to corrosion, and it will renew itself when damaged to keep the metal safe from corrosion.
However, some weather and pollution elements can cause the coat to become unstable with time. Because of this, the metal can get exposed, and it can cause a little bit of corrosion. So, you must be wary of this whenever you opt for aluminum and its coating.
Is Aluminum More Expensive Than Copper?
Aluminum is much cheaper than copper. That is because when you compare copper and aluminum, copper is much more expensive. The reason for this high price is that copper is more challenging to wind into a core than aluminum, as this metal is more flexible.
On the other hand, the supply of copper is also becoming scarce with time as most of the supply is going to China. That is why you will find a rise in the prices of copper with time. On the other hand, aluminum prices remain more stable, and it is a much cheaper metal than copper, which is why it is not great for investment purposes in the long run.