Indian aluminium exports jump 36% in 2017-18 on high global demand

India's production of primary aluminium grew 21% year-on-year (y-o-y) in the last financial year

Aluminium exports from the country increased by 36 per cent in 2017-18, aided by global demand, which outstripped supply.

A spurt of 21 per cent in the commodity’s prices on the London Metal Exchange (LME); US sanctions on UC Rusal, one of the largest producers; and over-supply to the domestic market helped exports to rise in the last financial year and the trend is expected to continue in 2018-19.

Figures of the Union commerce and industry ministry show in volume terms aluminium exports rose from 1.22 million tonnes (mt) at the end of 2016-17 to 1.66 mt in 2017-18.

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