Aluminium Prices Fell As Uncertainty Persisted Regarding China’s Economy

Aluminium saw a -1.04% decrease yesterday, closing at 199.6, as worries over China’s economic growth continued. Uncertainty regarding the course of the Chinese economy’s growth was increased when the official PMI data showed that industrial activity had contracted for the fourth consecutive month. Investors were let down by the absence of any convincing signs of…

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Aluminium dropped as evidence of weak demand countered earlier supply-reduction measures

The price of aluminium fell by -0.64%, finishing at 195.1, indicating that demand was still muted in spite of earlier efforts to reduce supply. Key industries that used aluminium were negatively impacted by the global economic downturn, restrictive borrowing rates set by central banks, and the debt problem in Chinese real estate. The global downturns…

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Aluminium decreased in October despite a 3.9% year-over-year increase in worldwide output

As worldwide primary aluminium output climbed 3.9% YoY to 6.116 million tonnes in October, prices for the metal stayed stable at 203.45, according to figures from the International Aluminium Institute (IAI). China’s main imports of aluminium from January to October increased 173% year over year to 1.17 million metric tons, while exports fell 41.19% to…

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India’s Manufacturing PMI for October falls to 55.5, an 8-month low.

In October, India’s industrial activity decreased to 55.5 from 57.5 in September. This month marks the twenty-eighth consecutive month that the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ IndexTM (PMI) has shown signs of improving sector health. The most recent figure, which indicated the weakest rate of expansion since February, was below the long-run…

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Aluminium decreased even though the world’s primary aluminium output increased 2.7% year over year in September

The price of aluminium closed at 203.85 after declining by -0.54%. Remarkably, the International Aluminium Institute (IAI) revealed that global primary aluminium output reached 5.871 million tonnes in September, up 2.7% year over year. In September, China’s aluminium production increased by 5.3%, and for the first nine months of the year, it increased by 3.3%….

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Gains in aluminium supported by expectations of Chinese stimulus

Aluminium yesterday increased by 0.73% to close at 205.65, buoyed by expectations that China will provide stimulus to bolster economic development and restore its struggling real estate market. Following a report by state-owned media, investors also anticipated China will significantly reduce banks’ reserve ratios and interest rates in the second half of this year to…

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