Aluminium futures closed slightly higher at 248.95 due to supply risks in the raw material market and optimism about stable manufacturing demand. Guinea’s fragile situation, where disagreements between the Guinean government and Emirates Global Aluminium threaten to disrupt mining licenses, has limited exports and caused China’s bauxite imports to fall 21%. Total inventories across LME…
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…
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…
