Tag: India aluminium scrap trend
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India: Imported aluminium scrap prices drift higher w-o-w; LME climbs above $2,640/t level
Trading remains thin despite stronger LME support Scrap shortages persist, prices remain firm India’s imported aluminium scrap prices fluctuated by $30-40/t w-o-w, following an uptrend in LME levels, strong global demand and ongoing supply constraints. Meanwhile, aluminium prices on the LME climbed above $2,640/t amid steady demand and marginal rise in inventory. BigMint assessed Tense…