What is the price of aluminium in India Today?

In India, Today's Aluminium price stands at ₹200 after witnessing a declining trend in its performance and recorded a drop in prices by - 0.35%. Aluminium is one of the most abundantly available metals on the Earth’s crust that has multiple usages due to its extensive features.

What determines the price of aluminium?

The rate of aluminium is determined by the supply of the metal and demand for the metal in the market. The increasing supply rate from world’s largest producers and rising demand for the metal impacts the price of aluminium positively. Why and How to Invest in Aluminium?

How much does aluminium cost in 2023?

Taking stock of the situation, BMI said, “We are making a downward revision to our aluminium price forecast for 2023 to an annual average of $2,300/tonne from $2,500 previously.” Currently, 3-month aluminium contracts on the London Metal Exchange (LME) is ruling at $2,178 a tonne, while in spot trade, it is quoted at $2,068.

Will aluminium prices recover this year?

With aluminium demand likely to be slack in view of a slow recovery in the global economy, the metal’s prices are unlikely to recover this year after having declined 6 per cent since January. “The LME aluminium spot price is forecast to fall by 13 per cent year-on-year in 2023, to average $2,365 a tonne.