Tag: Fed rate cut impact on aluminium

UAE-origin scrap remains firm on tight supply Heavy rains dampen scrap trade in north India  India’s imported aluminium scrap prices declined by $40-45/tonne (t) w-o-w, despite an uptrend in London Metal Exchange (LME) prices. The overall aluminium scrap trade remained sluggish during the week, with limited buying interest across regions. Market participants highlighted cautious buying patterns.…