Posted by aditi on 12:28:00 with No comments
Aluminium trading range for the day is 121.7-127.7. Aluminium gains tracking LME prices climbed 2.1%, biggest daily price gain since November, despite news that output in China rose to 2.707 million tonnes in March. The metal is the biggest LME gainer this year with a rise of 15 percent, as high prices and optimism about demand are encouraging additional supply. Total aluminium production in top producer China in March rose to 2.707 million tonnes last month from 2.534 million in February, IAI data showed.
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