Aluminum prices affect engine mount production
According to experiments conducted by international research institutions, the replacement of traditional steel to manufacture automobiles with aluminum can reduce the weight of the entire vehicle by 30% to 40%; the use of aluminum to manufacture engines can reduce the weight by 30%; aluminum radiators are 20% lighter than the same copper products; the aluminum car body is more than 40% lighter than the original steel products. Therefore, using aluminum instead of steel to make cars has a significant weight reduction effect.
Aluminum is widely used in automotive engine mount production, so the current aluminum prices bring a lot difficulty for the auto parts manufacturers. Aluminum prices rose to their highest point since 2008 on October 11, due to rising energy and raw material costs used to manufacture aluminum, as well as production cuts in China, the largest producer.
Chinese coal prices have continued to soar, and India is also facing power outages and soaring energy costs.The benchmark aluminum price on the London Metal Exchange (LME) rose 1.9% to US$3,02.50/ton at 11:05 GMT. It had previously reached US$3,0444, the highest level since July 2008.
Alumina: The price of alumina, the raw material used to make aluminum, soared to a three-year high of $478 per ton on the New York Mercantile Exchange.
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Aluminum prices affect engine mount production
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