Shareholders alert: Aluminium share updates, both domestic and international, might need your attention!

Aluminium trading prices have remained stable at INR 241.4 (US$2.82) in India as on December 30, 2024 and while the prices have not changed, key data indicates an underlying tension in the market due to supply and demand dynamics. According to the International Aluminium Institute (IAI), global primary aluminium production increased by 3 percent year-on-year, reaching 6.04 million tonnes in November. However, the downside pressure on prices was mitigated as traders withdrew over 82 thousand tonnes from London Metal Exchange (LME) warehouses, marking the highest withdrawal since mid-October, primarily from stockpiles in South Korea.

The global refined aluminium market experienced a short supply of 40.3 thousand tonnes in October, indicating a continued imbalance between production and consumption. For the first ten months of the year, total global refined aluminium production was 59.65 million tonnes, while consumption reached 59.98 million tonnes, resulting in a deficit of 332.6 thousand tonnes.

In China, according to International Aluminium the world's largest aluminium producer, output increased by 3.6 per cent in November, reaching 3.71 million tonnes. Cumulatively, China produced 40.22 million tonnes of aluminium during the first eleven months of 2024, marking a 4.6 per cent increase compared to the same period in the previous year.