Aluminium prices edged up by 0.55% to settle at 209.25 amid concerns regarding the sluggish recovery in production in China's Yunnan province, exacerbated by dry weather conditions impacting hydropower supply. Market sentiment remains cautious as aluminium smelters struggle to restore 500,000
India has initiated an anti-dumping probe into the import of aluminium foil, used as a packaging material for conservation and preservation of edible and food products, from China following a complaint by domestic players.
According to the World Steel Association, China's top producer China’s output increased to 81.2 mt in February, up by 3.5 per cent from the year-ago period. India reported a surge of 11.4 per cent rise in production at 11.8 mt.
26 Mar, 2024 - Special CorrespondentIron ore futures edged higher on Monday, supported by hopes of further recovery in demand in top consumer China and Beijing’s pledge to support its struggling property market.
26 Mar, 2024 - Special CorrespondentCoal and lignite production in India crossed 1 billion tonnes in 2023-24, as of March 22, in line with the government's target for this financial year. The output was 6.7% higher year-on-year.
26 Mar, 2024 - Special Correspondent