Aluminium prices gained 0.33% to Rs 106.45 per kg in the futures market today, taking positive cues from overseas markets. At the Multi Commodity Exchange, aluminium for delivery in February rose by 35 paise, or 0.33%, to Rs 106.45 per kg, with a business volume of 169 lots. The March contract rose by 30 paise, [...]
Aluminium futures fell by 0.32% today after speculators reduced their positions, triggered by a weak trend at the London Metal Exchange (LME). At the Multi Commodity Exchange, aluminium for delivery in February fell by 35 paise, or 0.32%, to Rs 107.35 per kg, with a business turnover of 109 lots. The March contract declined by [...]
More than anything else, it is the cost of power that defines operational viability of an aluminium smelter. Depending on energy source and whether a smelter is backed by a captive power complex, electricity accounts for 30-50 per cent of aluminium making cost. Power is a relatively small cost component for other metals. Indian aluminium [...]
Aluminium prices fell by 0.32% to Rs 110.40 per kg in the futures market today amid profit-booking by speculators. However, firmness in base metals at the London Metal Exchange (LME) restricted losses. At the Multi Commodity Exchange, the February contract shed 35 paise, or 0.32%, to Rs 110.40 per kg, with a business volume of [...]
United Co. Rusal PLC , the world’s largest aluminum producer by output, said Monday that it may cut aluminum production by 6% in the next 18 months, citing the global economic slowdown, which will likely weigh on the metal market. Although output rose 1% to 4.123 million metric tons in 2011, the Moscow-based company said [...]
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