Aluminium prices rose by 0.55% to ₹257.95 due to supply constraints and expectations of US tariffs not taking effect until April. Shanghai Futures Exchange aluminium inventories declined by 4.9%.
Japan’s bargaining power in aluminium premium negotiations weakened due to slow imports and reduced overseas smelters. The People’s Bank of China (PBoC) pledged to support economic growth through monetary policy adjustments.
China’s 2024 aluminium production reached a record 44 million tons, approaching the government-imposed cap of 45 million tons. The US aluminium premium surged 60% since re-election in November 2024.
