Aluminum prices rose 0.42% to settle at 253.45, supported by renewed confidence in China’s policy measures aimed at bolstering key industries such as machinery, automobiles, and electrical appliances—all major consumers of aluminum. This optimism helped offset the impact of softer short-term demand. Data from the International Aluminum Institute showed global primary aluminum output increased 0.9%…
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…
Aluminum posted a strong performance, rising 2.42% to 203.1 points, on optimism of further stimulus in top metals consumer China. China and the government have promised to inject more funds into the capital market to stabilize confidence, potentially mobilizing around 2 trillion yuan to support the stock market slump. According to a report by the…
