Aluminum is one of the most versatile metals used in various industries such as automotive, aerospace, construction, and manufacturing. Among the different types of aluminum alloys, 6061 aluminum is a popular choice due to its strength, lightweight properties, corrosion resistance, and ease of machining. As we move into 2024, businesses and manufacturers are closely monitoring the price of 6061 aluminum, which plays a significant role in budgeting and project costs.

In this article, we'll explore the 6061 aluminum price per pound in 2024, key factors affecting the price, industry applications, and an overview of one of the top suppliers, Shandong Union Aluminium Co., Ltd. We’ll also provide some useful FAQs and a comparative table to help you make informed purchasing decisions.

What is 6061 Aluminum?

6061 aluminum is a high-strength aluminum alloy commonly used in industries that require durability, machinability, and corrosion resistance. It contains magnesium and silicon as its major alloying elements, which gives it excellent mechanical properties and weldability.

Key Features of 6061 Aluminum:

• Strength and Durability: 6061 aluminum has a high strength-to-weight ratio, making it perfect for structural applications.
• Corrosion Resistance: It is highly resistant to corrosion, making it ideal for outdoor applications.
• Versatility: Can be used in a wide range of industries such as construction, automotive, aerospace, and more.
• Machinability: Easily machined, making it ideal for complex parts and components.

6061 Aluminum Price Per Pound in 2024

As of 2024, the price of 6061 aluminum per pound has shown some fluctuations due to various market factors, including supply chain disruptions, energy costs, and global economic conditions. However, it remains one of the most cost-effective aluminum alloys on the market.

Average Price of 6061 Aluminum Per Pound in 2024:

• The current price range for 6061 aluminum is approximately $1.50 to $2.75 per pound.
• Prices may vary depending on the region, supplier, volume of purchase, and market demand.

Factors Affecting 6061 Aluminum Prices in 2024

Several factors contribute to the price fluctuations of 6061 aluminum in 2024. Understanding these factors can help businesses and manufacturers make informed purchasing decisions and better plan their budgets.

1. Global Supply and Demand

The balance between supply and demand plays a crucial role in aluminum pricing. The demand for 6061 aluminum in industries like automotive, aerospace, and construction continues to rise, impacting the price.

2. Raw Material Costs

The cost of bauxite, the primary ore from which aluminum is derived, affects aluminum pricing. Changes in raw material availability, mining costs, and transportation can drive up or lower the price of 6061 aluminum.

3. Energy Prices

Aluminum production is energy-intensive. Rising energy prices, particularly electricity, directly impact the cost of aluminum production, leading to higher prices for 6061 aluminum.

4. Transportation and Logistics Costs

Global supply chain disruptions, shipping delays, and higher fuel costs can lead to increased logistics costs, which ultimately reflect on the price of aluminum. Regions with smoother supply chains may have more competitive pricing.

5. Geopolitical Issues

Political instability, trade restrictions, and tariffs between countries can influence the price of aluminum. In 2024, trade relations between major aluminum producers and consumers like the U.S. and China will continue to affect aluminum pricing.

6. Technological Advancements

Advancements in production technologies, such as more efficient smelting processes, could lead to reduced production costs, potentially lowering the price of 6061 aluminum.

Top 6061 Aluminum Supplier: Shandong Union Aluminium Co., Ltd.

One of the key suppliers for 6061 aluminum is Shandong Union Aluminium Co., Ltd. Founded in 2011, the company has become a major player in the aluminum industry, offering high-quality aluminum and aluminum alloy flat-rolling products.

Shandong Union Aluminium Co., Ltd. Overview:

• Founded: 2011
• Location: Gangcheng District, Jinan, China
• Production Capacity: 360,000 tons per year
• Product Focus: Aluminum and aluminum alloy flat rolling products

Key Features of Shandong Union Aluminium:

• High Production Capacity: The company’s large-scale production allows them to meet the high demand for 6061 aluminum worldwide.
• Advanced Technology: Equipped with cutting-edge equipment and innovative production techniques, ensuring the delivery of top-quality products.
• Global Reach: Shandong Union Aluminium supplies to markets across Africa, the Middle East, and South America, offering both OEM/ODM services.

If you’re looking for a reliable and large-scale supplier for 6061 aluminum, Shandong Union Aluminium provides top-notch products with competitive pricing.

Applications of 6061 Aluminum

The versatility of 6061 aluminum makes it suitable for a wide range of applications across various industries.

1. Aerospace

6061 aluminum is used in the aerospace industry for parts such as aircraft frames, wing components, and landing gear due to its strength and lightweight properties.

2. Automotive

In the automotive industry, 6061 aluminum is commonly used for chassis, body panels, and engine components.

3. Construction

6061 aluminum is a popular choice for structural applications like scaffolding, bridge components, and building frames, owing to its corrosion resistance and high strength.

4. Marine

The corrosion resistance of 6061 aluminum makes it ideal for marine applications such as boat frames, fittings, and components exposed to saltwater.

5. Consumer Goods

6061 aluminum is widely used in consumer goods such as bicycles, furniture, and sporting equipment, offering durability without adding extra weight.

How to Buy 6061 Aluminum in 2024

When purchasing 6061 aluminum, there are several factors to consider to ensure you're getting the best deal and quality:

1. Buy in Bulk

Purchasing aluminum in bulk can significantly lower the cost per pound. Suppliers often provide discounts for large volume orders.

2. Choose a Reputable Supplier

Ensure you buy from a reputable supplier like Shandong Union Aluminium Co., Ltd, who can provide consistent quality and reliable delivery.

3. Monitor Market Trends

Keep an eye on market trends, including raw material prices and geopolitical developments, which can affect aluminum pricing.

4. Consider Shipping Costs

Factor in shipping and logistics costs when comparing prices from different suppliers, especially if you are sourcing internationally.

Common FAQs

Q1: What is the difference between 6061 and 7075 aluminum?

6061 aluminum is more affordable and offers excellent machinability and corrosion resistance, making it a versatile option for most applications. 7075 aluminum, on the other hand, is stronger but more expensive, commonly used in high-stress aerospace and military applications.

Q2: Is 6061 aluminum suitable for welding?

Yes, 6061 aluminum is highly weldable, making it ideal for applications requiring welded joints, such as construction and automotive parts.

Q3: How do energy prices impact the cost of 6061 aluminum?

Aluminum production is energy-intensive. Higher energy prices, particularly electricity, drive up the production cost of aluminum, leading to higher market prices for 6061 aluminum.

Comparison Table: 6061 Aluminum Pricing Factors

By staying informed about the 6061 aluminum price per pound in 2024, manufacturers and businesses can better plan their purchases and manage their costs. With suppliers like Shandong Union Aluminium Co., Ltd., you can expect high-quality aluminum products that meet industry standards while keeping costs competitive.