Aluminium likely to rule firm in 2023 on supply woes, rising demand
Aluminium prices will likely rule firm in 2023 on supply constraints and rising demand, especially with China easing Covid-19 curbs, analysts say. Fitch Solutions Industry Research and Country Risk, a research unit of the Fitch Group, sees prices ruling at elevated levels but not rallying to the highs seen in 2022.Goldman Sachs, on the other hand, […]
WTO to take longer to decide on India-US dispute on steel duties
India will have to wait longer for the WTO’s verdict on its dispute with the US over the additional import duties imposed by Washington on Indian steel and aluminium in 2018. The WTO’s dispute settlement panel constituted on the matter has said that it needs three more quarters to finalise its report.“The panel is in […]
MCX Aluminium: Go long now, and at ₹209
Aluminium prices have begun the week on a strong note. The aluminium futures contract on the Multi Commodity Exchange (MCX) has surged about 3 per cent in the first two days of the week, recovering the loss from the previous week. The contract is currently trading at ₹211 per kg.The near-term outlook is bullish. Immediate […]