Good news for India! Aluminium demand to remain strong this fiscal
ZeeBiz WebTeam | Dec 06, 2018, 11:45 AM IST
Buoyant demand and market recovery across businesses in India is to further increase the demand for aluminium, Care Ratings said in its report. "The aluminium prices are to gain traction as there has been a temporary truce announced between China and the US," said Madan Sabnavis, chief economist with Care Ratings.
1/6
1,156 KT consumption of primary aluminium till first half of this fiscal. Image: Reuters
2/6
2,200 KT demand for aluminum expected. Image: Reuters
3/6
3,426 KT production seen in this fiscal. Image: Reuters
4/6
5% estimated rise in aluminium demand in the current fiscal year. Image: Reuters
5/6
12.1% jump in exports in the first half. Image: Reuters
6/6
$2,000-2,100 per tonne- global aluminium prices expected in short to medium term period. Image: Reuters