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Aluminium price spike to benefit Indian producers, but a risk lies in wait

A tapering of aluminium output in China due to coal shortage is giving wings to already high aluminium prices

October 13, 2021 / 01:41 PM IST
Aluminium price spike to benefit Indian producers, but a risk lies in wait

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China’s efforts at slowing down its economy, battling pollution and bringing to heel runaway commodity prices may have worked at bending the iron ore price curve. When it comes to aluminium though, not only has the white metal held up but its price rise has been rather relentless. An index of aluminium price maintained by the MCX had gained by 8 percent in September over August’s close, and with half a month remaining has already gained 7.4 percent over...

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