Aluminium prices remained steady at ₹264.55 despite market volatility, as lower supply from major producers and expectations of stronger demand balanced the market.
China’s record output of 44 million tons in 2024 signals an impending slowdown, with production curbs enforced by Beijing’s 25 million-ton cap.
The removal of export tax rebates shifted local producers’ focus to domestic sales, reducing global exports and supporting international aluminium prices.
On the demand side, optimism emerged after the Chinese government announced plans to expand its budget deficit to fund special bonds to stimulate economic growth.
The global aluminium market is forecasted to tighten, with a deficit exceeding 600,000 tons by 2025 due to slowing supply growth, particularly in China.
