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Thursday, 11 October 2018

EPIC RESEARCH MCX Aluminium UPDATE OF 11 October 2018

Aluminium trading range for the day is 150-154.4.

* Aluminium dropped the market had priced in the China’s fiscal stimulus including cuts in banks’ reserve requirement ratio and increases in export tax rebates.

* Norsk Hydro said its Alunorte alumina refinery in Brazil has agreed with a Brazilian environmental agency to resume production under its supervision.

* Norsk Hydro said that it had been granted a permit in Brazil to use new technology to extend the life of a disposal area for its refinery.

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