As a commodity expert with extensive knowledge in the field of metals and their market dynamics, I can provide you with an in-depth analysis of the value of an aluminum ingot.

Aluminum is a versatile metal with a wide range of applications, from construction to automotive industries. Its value can be influenced by various factors such as market demand, supply chain conditions, and global economic trends. The value of aluminum in its different forms, such as ingots and cans, can also vary significantly.

When discussing the worth of an aluminum ingot, it's important to consider the purity and form of the metal. Aluminum ingots are typically produced from recycled aluminum or newly mined ore and are often used as raw material for further manufacturing processes. Ingots are usually in a more refined state than other forms of aluminum, such as cans, which can contain impurities.

The price of aluminum can fluctuate based on the London Metal Exchange (LME), which is the primary marketplace for non-ferrous metals. As of the latest data, the price of aluminum has been relatively stable but subject to change with market conditions.

The information you provided suggests that once aluminum is melted into bars, its value increases because it can be sold as clean aluminum rather than recycled cans. This is because the process of melting and recasting the metal can remove impurities, thus increasing its purity and value. The price you mentioned, around 0.50 cents per pound for aluminum cans and over $1.00 per pound for ingots, is a rough estimate and can vary based on the current market rates and the specific quality of the aluminum.

It's also worth noting that the process of converting cans to ingots involves additional costs such as energy for melting and refining, labor, and potential losses during the process. These costs can affect the final value of the ingots.

In summary, the value of an aluminum ingot is determined by its purity, the market demand for aluminum, and the costs associated with its production. While the figures provided give a general idea of the price difference between cans and ingots, the actual value can be higher or lower depending on the current market conditions and the specific characteristics of the aluminum in question.

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Once melted into bars however, the metal is worth more, it's sold as clean Al instead of cans. Generally speaking you can get around .50 cents per lb on Al cans. You can get over $1.00 dollar per lb on ingots.Mar 4, 2011read more >>