LME Aluminium futures soared to fresh three year high of $2850 per tonne as recent rally extended amid steady equities and supply worries. Broad sentiments are well supported on demand trends. Meanwhile, unrest in Guinea, which supplies over 45% of China's bauxite imports, has raised fears of disruptions in the global supply chain. LME Aluminium inventories are down to four year low as well. MCX Aluminium futures ended marginally up at Rs 269.30 per kg and should see firm opening today.
Powered by Commodity Insights