Market Commentary: China is transitioning from 2024 to 2025 with bold trade strides as global geopolitics weigh in
Aluminium prices edged up by 0.08 per cent to close at INR 252.75 (USD 2.92) amid renewed investor optimism over China following comments from former US President Donald Trump hinting at a potential trade deal with the world's largest consumer of metals, as reported by investing.com. Market sentiment was further buoyed by developments within the European Union, which is preparing to impose sanctions on imports of primary aluminium from Russia. This anticipated move, the EU's geopolitical move of continual phasing-out of Russian aluminium, is a trend that has accelerated since European manufacturers began distancing themselves from Russian goods following the 2022 invasion of Ukraine.
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Overview of China's aluminium trade front
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