Amid a decreased forecast of supply, aluminum stabilized

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…

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Aluminum Prices Slid During Profit Booking as Supply Concerns Caused Prices to Rise

Aluminum prices declined significantly yesterday, ending at 236 due to profit-taking after rising by -3.02%. Sanction fears on Russian metals affected the market dynamics and led to limiting key exchanges like LME and CME. The available LME aluminum stockpiles dropped to the lowest level since August 2022 at 171,200 tonnes due to increased supply concerns.China’s…

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