Tag: domestic aluminium prices
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India witnesses increase in imported aluminium scrap prices w-o-w
Imported aluminium scrap offers into India increased by up to 4% w-o-w. Offers increased because aluminium prices on the London Metal Exchange (LME) hit a 4-month high recently, following the Federal Reserve’s rate cuts and China’s new monetary stimulus and support for the property market. China’s return boosts market sentiment Another factor driving the increase…