Mumbai, April 7 -- MCX Aluminium futures saw sustained gains today amid firm global cues. Aluminium prices in London jumped above $3500 per tonne, approaching their highest level in more than four years as impact of escalating tensions and war-like conditions in West Asia weighed on sentiments. LME Aluminium inventories are falling in recent days fell in last session, adding to recent slide. The Aluminium inventories are currently at eight-month low. MCX Aluminium futures neared Rs 357.50 per kg mark, adding to gains throughout the day and currently trade at Rs 357.25 per kg, up 1.38% on the day. The counter rose despite mixed cues from other metals today.
Published by HT Digital Content Services with permission from Capital Market....