The average price of aluminium in Q1 so far has dropped by almost 5% sequentially to $2,285 per tonne on London Metal Exchange.
The global demand recovery has fallen short of expectations. April-May 2023 data suggests about 5% year-on-year drop in demand in the world excluding China, said analysts at Kotak Institutional Equities in a report on 13 June. This is offset by 5% year-on-year growth in China, added the broking firm. But it is worth noting that the recovery in the Chinese economy post easing of lockdowns has been underwhelming.
Bu hikaye Mint Mumbai dergisinin June 16, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin June 16, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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