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 prices rose 1.1% to ₹252.55 on supply concerns and EU sanctions on Russian aluminum imports.Also, aluminum stocks in LME-registered warehouses have fallen 45% since May 2024, totaling just 619,375 tonnes. More than 60% of canceled warrants indicate that more aluminum could leave LME warehouses in the coming weeks, significantly reducing supply. This supply reduction…
