Aluminium Market Turns Bullish: What’s Driving the Price Surge?

Aluminium futures have rebounded significantly, surging to over $2,690 per tonne after hitting a four-month low of $2,460 on January 6th. This increase is driven by expectations of reduced supply from major producers and a recovery in demand.

ALUMINUM - DAILY TECHNICAL ANALYSIS
  • A crucial level to watch is $2,710, as exceeding this threshold could trigger a further price hike.

Several key factors are influencing aluminum prices:

  1. EU Sanctions on Russian Aluminum: The European Union’s impending sanctions on primary aluminum imports from Russia will reduce market availability, as manufacturers have already distanced themselves from Russian products following the 2022 Ukraine invasion.
  2. China’s Record Production: China produced a record 44 million tons of aluminum in 2024, but output is expected to slow as Beijing aims to cap production at 45 million tons to prevent oversupply and meet carbon emission targets.
  3. Demand Growth in China: China’s industrial output surged in December, accompanied by rising credit aggregates, indicating that the People’s Bank of China’s monetary stimulus positively impacts economic activity and aluminum demand.

â—‰ The Vita Coco Company (NASDAQ: COCO) - TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
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5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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