EPIC RESEARCH MCX ALUMINIUM UPDATE OF 4 MAY 2018

Aluminium trading range for the day is 148.1-160.3. Aluminum dropped on profit booking after prices gained on the back of tariff uncertainties and as US and Chinese trade officials are headed into talks in Beijing. Rio Tinto is expanding output after securing a new energy deal. As a recovery in the price of the metal boosts interest among global producers. Uncertainties prevails as U.S.-China trade talks and the potential U.S. withdrawal from the Iranian nuclear accord.

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