Aluminum trades 0.5% lower on global cues

Aluminum futures for May declined by 55 paise, or 0.54%, to Rs 101.85 per kg in 1,463 lots.

At the Multi Commodity Exchange (MCX), the June contract traded lower by 55 paise, or 0.53%, to Rs 102.80 per kg in 212 lots.

Speculators offloading their positions affected the trade.

On the London Metal Exchange (LME), aluminum lost 0.7% to $1,894.75 a metric tonne.