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Aluminum Plate Price
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The price of aluminum plate is influenced not only by production cost and market demand, but also by the fundamental nature of aluminum as a non-ferrous metal. Understanding this classification helps explain why aluminum behaves differently from steel in both pricing and material properties.
Why Aluminum Is a Non-Ferrous Metal
Aluminum belongs to the category of non-ferrous metals, which means it does not contain iron (Fe) as the main component.
Key definition:
- Ferrous metals → mainly contain iron (e.g., carbon steel, stainless steel)
- Non-ferrous metals → do not have iron as base element (e.g., aluminum, copper, zinc, magnesium)
Aluminum is classified as non-ferrous because:
- Its base element is aluminum (Al), not iron
- It has no iron-based crystal structure
- It does not exhibit typical steel magnetism
Basic Composition of Aluminum Plate
Aluminum plates are primarily made from:
- Aluminum (Al): main element (>90% to 99% depending on alloy)
- Alloying elements: magnesium, silicon, copper, manganese, zinc
These elements are added to improve:
- Strength
- Corrosion resistance
- Formability
- Heat treatment performance
Why Non-Ferrous Classification Affects Aluminum Plate Price
Because aluminum is non-ferrous, its pricing system is different from steel:
1. Based on global metal exchange
- Aluminum price is linked to LME (London Metal Exchange)
- Price changes daily based on global supply and demand
2. Alloying elements are expensive
- Magnesium, copper, and zinc increase cost
- High-performance alloys (like 7075, 2024, 5083) cost more
3. Energy-intensive production
- Aluminum requires electrolytic smelting
- High electricity consumption directly affects price
4. Weight-based pricing system
Aluminum plate is usually priced by weight:
So even small changes in thickness or density directly affect total cost.
Difference Between Aluminum (Non-Ferrous) and Steel (Ferrous)
| Feature | Aluminum (Non-Ferrous) | Steel (Ferrous) |
|---|---|---|
| Base element | Aluminum | Iron |
| Magnetism | Non-magnetic | Usually magnetic |
| Density | Low (lightweight) | Higher (heavy) |
| Corrosion resistance | Natural oxide protection | Requires coating or alloying |
| Pricing system | LME-based, volatile | More production-cost based |
Why This Matters for Pricing
Because aluminum is non-ferrous:
- Market price fluctuates more frequently
- Alloy composition strongly affects cost
- Processing (rolling, cutting, finishing) adds variable cost
- Weight and grade must be calculated before quotation



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