Aluminium rises by 0.2% on global cues

Buoyed by firming trend overseas and rising spot demand, aluminium futures rose by 0.25% to Rs 98.80 per kg today as traders created fresh positions.

At the Multi Commodity Exchange, aluminium for delivery this month moved up by 25 paise, or 0.25%, to Rs 98.80 per kg, with a business turnover of 77 lots.

The metal for delivery in January 2015 contracts rose by 15 paise, or 0.15%, to Rs 99.75 per kg in a business turnover of five lots.

Market participants said besides rising demand at domestic spot markets, a firming trend in the metal at London Metal Exchange (LME), helped aluminium futures to trade higher.

Globally, aluminium for delivery in three months at the LME rose 0.5%.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel