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Aluminium Gains Over Concerns Over Slow Recovery In Production In China’s Yunnan.

Aluminium prices recorded a modest gain of 0.48% yesterday, closing at 208.7, driven by concerns surrounding the sluggish recovery in production in China’s Yunnan province, a significant aluminium-producing region. This uncertainty in supply dynamics contributed to market apprehensions, especially amidst growing expectations of an interest rate cut by the European Central Bank and escalating tensions between Russia and Ukraine, which elevated commodity market sentiments. Fundamentally, there are expectations for increased production in May, but the drought situation in Yunnan introduces a level of uncertainty

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