According to foreign news on November 11, data released by Hindalco Industries, an Indian aluminum and copper producer, on Monday showed that its second-quarter profit was better than market expectations, thanks to rising aluminum prices. Demand for metals in the transportation, construction and packaging industries remains strong this year, and the prices of base metals such as aluminum and copper rose for the second consecutive quarter in the third quarter. LME three-month aluminum and copper prices rose 20% and 24% respectively from the second quarter. Satish Pai, managing director of Hindalco, said, "If the United States further increases tariffs, more aluminum supply will enter the Indian market."

Shanghai Nonferrous Network
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