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What Do Falling Aluminium Prices Mean For Domestic Producers?
Global aluminum prices have fallen to their lowest in three years amid U.S.-China trade war fears and a global auto slowdown.
10 Oct 2019, 07:41 AM IST
Aluminium prices fell to their lowest in three years as the U.S.-China trade war fears escalated and demand from the automobile sector—one of the metal’s biggest consumers—remained subdued. That’s expected to hurt Indian producers whose financials are sensitive to prices of the metal.Prices of base metals—a class of non-precious metals used widely in industry like aluminium, tin and zinc—have declined between 5 percent and 15 percent...
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