While metals prices recently experienced volatility, aluminium has more or less held gains. The prices hit above a two-year high recently on steady demand in Asia, improving economic growth following pandemic led restrictions and expectations of supply tightening.

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However, it came under pressure from the strong US dollar, unwind of longs from funds and China considering selling 5 hundred thousand tonnes of aluminium from state reserves to cool the markets and meet China’s emission objectives.

Watch the accompanying video of CNBC-TV18’s special segment, Commodities Trade where Manisha Gupta explains about aluminium.

To watch other videos in this series, click on the Commodities Trade tab below.

(Edited by : Anshul)

First Published:Mar 26, 2021 12:44 PM IST