Aluminium prices rose by 0.04% to ₹252.1 due to supply concerns and the European Commission’s proposed inclusion of Russian primary aluminium imports in its 16th package of sanctions.
The ban, which includes aluminium alloys, has a one-year phase-in period. Global primary aluminium output rose 3% year-on-year to 6.236 million tonnes in December. Stocks at Japan’s major ports increased 13.2% month-on-month to 323,600 metric tons.
China produced a record 44 million tons of aluminium in 2024, nearing its government-mandated cap of 45 million tons. Unwrought aluminium exports rose 17% in the first ten months 2024, reaching nearly 5.5 million tons.
However, daily output fell 1.7% from November. Rising costs led Chinese aluminium producers to report average losses of 687 yuan per ton, marking the first industry-wide losses in three years.
