Friday, 10 August 2018

EPIC RESEARCH MCX Aluminium UPDATE OF 10 August 2018

Aluminium trading range for the day is 139.2-148.6.

* Aluminium dropped on profit booking as the impact of strikes at Alcoa’s alumina refinery in Western Australia was smaller than expected.

* Alcoa workers in Western Australia have walked out indefinitely over an enterprise agreement dispute with the aluminium maker, the Australian Workers’ Union said.

* The Alcoa plants account for around 9.3 million tonnes of capacity or some 8 percent of the world’s supply of alumina.

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