Aluminium prices likely to ease to $2,146 by the end of 2018: Report

Also, increased supplies from China due to easing of environment restrictions would boost global supplies, exerting downward pressure on prices

International aluminium prices, after rallying in April, are expected to ease in the months ahead, as the effect on prices of the US sanctions on UC Rusal partially wane. In addition, increased supplies from China due to easing of environment restrictions would boost global supplies, exerting downward pressure on prices.

Research by FocusEconomics sees aluminium prices on the London Metal Exchange (LME) moderating to $2,146 per tonne in the last quarter (October-December) of calendar year 2018. For the same period of calendar 2019, the price outlook is a tad bullish at $2,175 a tonne. LME prices for the cash buyer on