Commodities Buzz: Indian Aluminium Prices Unchanged

Indian Aluminium prices were unchanged on Tuesday. The prices were trading at Rs 147.3 per kg, up 0.07%. The aluminium industry around the globe is anticipating an additional recovery in consumption as major global markets indicated revival. The data estimates from International Aluminium Institute (IAI) showed that Aluminium production was up to 5.441 million tonnes in May 2018 compared to 5.30 million tonnes in April 2017. On a monthly basis, Aluminium production gained by 2.66%. On a yearly basis gains were 0.16% from 5.432 million tonnes in May 2017. Aluminium production in Asia ex China was 371000 tonnes, compared to 319000 tonnes in May 2017. China Aluminium production was 3.09 million tonnes, compared to 3.13 million tonnes, up 1.27%.