Tag: weekly aluminium price trends
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India: Imported aluminium scrap prices rise w-o-w amid LME uptrend
Imported aluminium scrap prices in India drifted higher w-o-w by up to 2% amid a rise in LME aluminium prices following the Federal Reserve’s rate cuts and China’s new monetary stimulus and support for the property market. Meanwhile, transactional activities remained on the lower side for few grades due to significant bid-offer disparities seen in…