Aluminium prices increased by 0.41% to close at Rs 375.7, bolstered by rising supply concerns associated with ongoing disruptions in the Strait of Hormuz. The extended geopolitical conflict has markedly affected production in the Middle East, with reports indicating damage to essential refineries in the UAE and Bahrain, thereby heightening concerns over a prolonged supply Read More
Aluminium increased by 0.43% to close at Rs 365, bolstered by fresh worries regarding supply interruptions from the Persian Gulf, a region responsible for nearly 9% of global production. Tensions have intensified following Iran’s recent closure of the Strait of Hormuz, which occurred shortly after it had been reopened, with the country attributing this move Read More
Aluminium experienced a decline of 1.27%, closing at Rs 303.8, following reports suggesting that U.S. President Donald Trump might reduce specific tariffs on steel and aluminium products. The news impacted sentiment, although losses were mitigated by supply-side concerns. South32 has announced that its Mozal smelter in Mozambique will enter a phase of care and maintenance, Read More
Aluminium prices experienced a notable increase of 4%, concluding at Rs 331.45, largely influenced by constricting global supply dynamics and robust investor positioning. Supply-side pressures have intensified due to production disruptions at key smelters located in Iceland, Mozambique, and Australia, thereby constraining near-term availability. Sentiment experienced an additional uplift following Goldman Sachs’ revision of its Read More
Aluminium prices experienced a slight increase, closing up by 0.05% at Rs 315.2, as market participants reevaluated their outlook on supply constraints and robust global demand. Sentiment was bolstered by indications of economic stabilization in China following Beijing’s reaffirmation of its commitment to supportive policies. China’s central bank indicated its intention to reduce the reserve Read More
