If I want to answer this question in detail, I don't think I can finish writing a paper. I will try my best to talk about this problem from the following three angles. Although it may not be comprehensive, I will try my best to analyze the root of this problem from all angles:
Questions 1 and 1 are about the price increase of commodities, and aluminum ingots themselves belong to commodities. Because the COVID-19 epidemic has not been effectively contained in the global scope, there are still obstacles to the economic development in many areas, which will lead to the price increase of all commodities, and aluminum ingots are one of them.
2. The second question is about the current freight cost, because many ports are not open normally now, and there is a shortage of sea containers, which leads to the further increase of commodity prices, mainly in transportation.
3. The third question is about industrial upgrading, because there are conflicts between new energy industries and traditional industries, and there are also many problems in the development of traditional industries themselves.
First, commodity prices are rising.
As I said above, as long as the COVID-19 epidemic is not completely controlled and the global economy does not recover normally, the prices of all commodities will increase, and the prices of individual commodities will even soar by 10 times. Although the price of aluminum ingots has not increased so much, it is still at a high level in a short time, which also requires further optimization and upgrading of related industries to reduce various costs.
Second, there are also problems of freight costs and industrial upgrading.
The problem of freight cost mainly focuses on freight. From a global perspective, for those pure importing countries, the shipping cost of many ports has even increased by 10 times because of the further increase in shipping cost. No matter what kind of goods, the prices of pure imported goods are rising now. At the same time, the mining industry has not carried out enough industrial upgrading, which will lead to the production capacity of related commodities being difficult to meet the global demand, and then the price will skyrocket.