'National Aluminium Company has released a presentation that highlights factors affecting the demand for aluminium and the factors influencing the prices.
Global trends depict GDP growth steady at ~3.1-3.3% (FY23-FY27) alongside aluminum production and consumption bars in MT, labeled FY24-FY26 with "Comp-Q" comparisons. Production lags slightly behind consumption (e.g., deficits noted in recent years), with segments for FY24 actuals vs. FY25-FY26 forecasts. This mirrors India's faster trajectory but on a larger scale, with supply constraints supporting prices. Indian Aluminium consumption is growing at CAGR of around 9% in last 5 years. Indian Aluminium demand is expected to grow at a CAGR range of 6.3 to 7.2 per cent till 2030.
LME Aluminium prices are likely to be impacted by Geopolitical crisis (US-Venezuela, Russia-Ukraine), Rising confrontation between U.S & Iran & U.S (EU tensions over Greenland), LME/CME/SHFE Stocks movements, Movement of US$ & FEDs Policy decisions ...
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