Aluminium trading range for the day is 102.8-105. Aluminium dropped as the anticipated production increases is likely to keep aluminum market well-supplied.
The latest figures from the International Aluminium Institute (IAI) showed a collective annualized run-rate outside of China of 25.1 million tonnes in April.
There were signs that Chinese smelters were also curtailing capacity at the end of last year but with Shanghai aluminium prices staging an impressive rally.
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