Aluminium Prices

Hindalco, Nalco jump over 2% as aluminium, copper prices rise on LME

The BSE Metal index was the top performer, up 1.4 per cent; Major metal and mining related shares gained 1-2 per cent each in intra-day trades on Friday.

Aluminium, copper prices climb on worries about supply amid stoppages

Benchmark aluminium on the London Metal Exchange was up 1.6% to $2,271 a tonne, while copper was 2.5% higher at $7,811 by 1600 GMT

Aluminium prices may go up over medium term, says Crisil Research

The price of aluminium is likely to go up in the medium term due to factors like surge in demand, Crisil Research on Tuesday said. The price of the metal fell 45 per cent from the March 2022 peak to around 2,400 dollar per tonne now due to factors like lockdown in China. "Aluminium prices have likely bottomed out and should rise over the medium term, supported by two structural drivers: limited smelter capacity additions and uptick in demand," it said in a statement. Limited capacity additions over the next five years will be crucial to pick up in the prices of aluminium, it said. The demand for aluminium is likely to see a structural growth over the medium term on account of global green investments, including electric vehicles, solar panels and renewable energy grids, most of which have high intensity of aluminium use. "Green investments across major economies will lead to a strong uptick in demand for aluminium, but global capacity addition is expected to fall from 20 MT during

Aluminium prices hit near 6-month low on China lockdowns, growth fears

Three-month aluminium on the London Metal Exchange (LME) slid 2.8% to $2,685 a tonne by 1400 GMT after touching the lowest since December last year

Firm demand, low global inventory to keep aluminium prices elevated: ICRA

A low inventory level of aluminium globally amid a tight demand-supply situation expected to aggravate the availability of the commodity in the rest of the world

Aluminium hits $3,000 a ton for first time in 13 years on supply snarl

The metal kept climbing Monday after advancing 15% over the last three weeks

Aluminium jumps again as Guinea coup adds to supply worries

Aluminium, which is used in everything from car parts to drinks cans and home appliances, had already climbed about 38% this year in London before the coup

Nalco posts extraordinary Q4 results on back of global boom in aluminium

Higher aluminium prices led to 855% rise in net profit in FY21

Brent surges 9.6% in a week on demand recovery hopes, base metals shine

Huge stimulus provided by economies across the globe is likely to put more money in consumer's hands, due to which gold and silver prices may spurt further

Aluminium firms seek tariff, non-tariff support fearing sluggish demand

India's aluminium consumption is tipped to reduce by 1.5-2 million tonnes in FY21 as the pandemic has considerably weakened demand from consuming industries

Non-ferrous metal companies see sales drop by 4.7% in Sept quarter

Among the non-ferrous metal companies, aluminium firms witnessed 21 per cent contraction in sales

Global headwinds, slowing economy shrink Q2 domestic aluminium demand by 6%

In Q1 of FY20, the country's GDP growth touched a six-year low of 5%

Weak forecast for aluminium prices to affect domestic producers next year

Aluminium prices are expected to soften by 1.7% in 2020 after an expected decline of 15.1% in calendar 2019

Aluminium touches three-month high after Norsk Hydro cyber attack

The trigger was the news from Hydro about their production problems after the cyber attack

Aluminium prices likely to ease to $2,146 by the end of 2018: Report

Also, increased supplies from China due to easing of environment restrictions would boost global supplies, exerting downward pressure on prices

Aluminum prices near highest since 2012 as US Rusal Sanctions bite

The metal advanced as much as 3.5 percent on Wednesday to $2,277.50 a metric ton on the London Metal Exchange

Average aluminium prices to move up by $150 in 2018-19: Nalco CMD

Aluminium prices have been on an upswing since 2015-16 when prices stood at $1,592 per tonne

Global aluminium prices to stay firm on China closures, European demand

Closure of excess aluminium smelter capacities and a pick up in demand for the metal in the European markets would support higher prices in the rest of this fiscal.Aluminium prices on the London Metal Exchange (LME) are ruling at multi-year highs of $2100 per tonne. An industry outlook report by Care Ratings has predicted average aluminium prices to hover in the range of $1900-2100 in the remainder of FY18."The crackdown on old, polluting smelters by the China government will see four million tonnes of aluminium capacity going offline this winter. That means 10 per cent of the aluminium production capacity in China. The cut down in production will buoy demand and support prices for aluminium through this fiscal", said an analyst.China is the largest producer of primary aluminium with a share of 54 per cent. Aluminium has continued its bull run with global prices rising by 23 per cent to $1961 per tonne in April-September compared with $1596 in the corresponding period of FY17. ...

Weak fundamentals, China capacity cuts to boost aluminium prices: Nalco CMD

Reports indicate 3 Chinese provinces may cut 30% of aluminium smelting and 50% of alumina refining capacity

Aluminium up by 1% on global cues

Participants enlarged their positions, supported by a strong spot demand in the physical market