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India: Imported aluminium scrap prices edge down on slow demand, declining futures

Oct 15, 2024

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by

Drishya Yadav

in Aluminium, Non Ferrous

Imported aluminium scrap offers into India decreased by up to 2.6% w-o-w. Offers decreased because aluminium prices on the London Metal Exchange (LME) edged back after witnessing a four-month high recently. Why global prices fell? Global prices dropped due to disappointing news from China’s Ministry of Finance during a recent policy briefing. Investors had hoped…