|
Mumbai,09 Dec 2024 (Commoditiescontrol):The global aluminum market witnessed a modest rebound, supported by growing expectations of a potential US Federal Reserve interest rate cut. Positive domestic developments in key economies have also contributed to improving sentiment across non-ferrous metals markets.
High production costs remain a critical challenge, raising concerns about potential output cuts at cost-intensive facilities. While seasonal factors have suppressed operating rates for downstream industries, aluminum inventories in major markets remain relatively low, offering some price support
In the near term, aluminum prices are expected to exhibit a trend of consolidation, with fluctuations likely driven by cost dynamics and external factors such as potential overseas tariff adjustments.
(By Commditiescontrol Bureau: 09820130172)
|
0 Comments 
Post Comment 
