Aluminium demand to remain strong this fiscal
5% – estimated rise in aluminium demand in the current fiscal year
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