Aluminium trading range for the day is 143.6-146.6

*Aluminium trading range for the day is 143.6-146.6.

* Aluminum prices ended with losses as the market remained focused on greater alumina supplies.

* However, continued weekly decline by some 70,000 mt in social inventories of primary aluminium indicated firm downstream demand.

* Chinese newspapers warned that Beijing was ready to use rare earth metals to strike back at the US in their prolonged dispute.

* Warehouse stock for Aluminium at LME was at 1164975mt that is down by -12275mt.

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Make aluminium the metal of choice for future: Mines Secretary

Union Mines Secretary Anil Mukim on Thursday urged the stakeholders to work towards increasing the domestic consumption of aluminium in a sustainable manner and make it the metal of choice for the future.

Addressing the International Conference on Aluminium (INCAL 2019) here, he stressed on value addition in the aluminium industry and encouraging the downstream industries in the country.

He also urged the industries to address the social and environmental issues and ensure sustainability.

Odisha, the aluminium capital of South Asia, provides tremendous opportunities to investors to set up downstream industries in aluminium, said state Industries Secretary Sanjeev Chopra.

"India's aluminium consumption is expected to grow at 17-18 per cent per annum, making it one of the largest consumption markets in the world. Odisha, the mineral hub of the country, is the largest producer of the metal contributing to 54 per cent of the country's total smelting capacity.

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Aluminium trading range for the day is 144.4-149.6

Aluminium trading range for the day is 144.4-149.6.

Aluminium dropped as Rusal is likely to set up a traders’ team in China for the transaction of its aluminium ingot.

The China’s aluminium inventory cycle has lingered in a destocking phase for 25 weeks.

Social inventories of primary aluminium across major consumption areas in China, coming at 1.606 million mt, decreased 29.64%.

Warehouse stock for Aluminium at LME was at 994625mt that is down by -5300mt.

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