Tag: LME aluminium price fluctuations
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India: Imported aluminium scrap prices inch up w-o-w, LME tags hit 4-month high
Tight supply lifts prices, but tepid demand caps gains Bid-offer gaps of $30-50/t slow down deal negotiations India’s imported aluminium scrap prices increased by a marginal $10-20/tonne (t) w-o-w, despite a downtrend in London Metal Exchange (LME) levels w-o-w. However, strong global demand, a recent rise in LME prices to a four-month high, and ongoing…