How to Invest in Aluminum
Aluminum is one of the most abundant metals on earth and the third most widespread element after oxygen and silicon. Aluminum is generally prized for its low density and its remarkably ability to withstand corrosion, making it a popular choice for a variety of uses.
Aluminum has had an extremely interesting history over the years as its main uses have changed drastically. At first, despite its abundance, the metal was extremely expensive to harvest as it is never found free in metallic form. Due to this, aluminum was once considered a precious metal and was, at one time, more valuable than gold. However, thanks to several scientific breakthroughs in the late 1800s and early 1900s, scientists figured out how to harvest the metal in a much more efficient way allowing it to become the ubiquitous metal that we see today. Currently, aluminum finds its way into a wide range of uses stretching from foil and cans to cars and aircraft, suggesting that the product has a wide variety of industrial uses.
There are a number of options for those seeking exposure to aluminum. Although physical exposure isn\'t really possible, investors do have the option of buying futures contracts of the metal or buying an ETN that tracks an index of these futures contracts. There are also a number of stocks and even an ETF of companies that provide exposure to the companies that mine or produce the base metal allowing investors to achieve their exposure to aluminum through the equity market.
Ways To Invest In Aluminum
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