India Aluminium Scrap prices steady

Mining News - India`s major aluminium scrap commodities prices including aluminium accessories scrap, aluminium cable scrap, aluminium ingots, aluminium rod company, aluminium rod local, aluminium scrap 6063, aluminium scrap taint/tabor, aluminium sheet cutting, aluminium utensil scrap and aluminium wire scrap show a steady on the Scrap Register Price Index as on Thursday.

The most active December aluminium contract on India’s Multi Commodity Exchange has climbed by 1.43 percent to Rs. 131.00 per kilogram on Thursday from previous close 129.15 a kilogram. MCX aluminium prices touched an intra-day high of Rs. 131.35 per kilogram and an intra-day low of Rs. 129.20 a kilogram during Thursday.

China’s industrial output expanded at a faster than expected pace in November as growth in the world’s top industrial metals consumer remains resilient, supported in part by a construction boom.

China`s primary aluminium production fell for a fifth consecutive month in November, official data showed, as the country`s winter restrictions on smelters pushed output to its lowest since February 2015.