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Aluminium demand to remain strong this fiscal

5% – estimated rise in aluminium demand in the current fiscal year

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Buoyant demand and market recovery across businesses in India is to further increase the demand for aluminium, Care Ratings said in its report

1,156 KT – consumption of primary aluminium till first half of this fiscal

2,200 KT – demand for aluminium expected

3,426 KT – production seen in this fiscal

5% – estimated rise in aluminium demand in the current fiscal year

12.1% – jump in exports in the first half

$2,000-2,100 per tonne – global aluminium prices expected in short to medium term period

The aluminium prices are to gain traction as there has been a temporary truce announced between China and the US," 
Madan Sabnavis, chief economist with Care Ratings

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