Nearly 100 people still missing after Moscow attack, Russian news site says
Hundreds of rights groups urge US to stop deporting Haitians fleeing gang war
Baltimore bridge collapse sends vehicles tumbling into water
Russia's FSB chief accuses Ukraine, US and UK of being behind Moscow shooting
Dozens killed in Israeli strikes on north and south of Gaza
Indian opposition supporters detained ahead of protest at Modi's home
India seeks cooperation with Philippines including in defence and security, foreign minister says
ALUMINIUM ALLOY
Aluminium Alloy is a derivative of Aluminium is the most common element contained in the Earth’s crust, but it is never found naturally in its metallic form. Rather, Aluminium is a compound of other elements. The global production is around 60 million metric tonnes of which 50% is produced by China followed by Russia, Canada and India. It ranks second only to Steel in terms of consumption and trading and is widely traded across exchanges across the globe.
The Symbol for Aluminium is Al and is quoted against the USD and the INR. The metal derives its name from alumen, the latin name for alum.
Factors like industrial growth, global financial crisis, recession, and inflation would affect the price of Aluminium together with Geo-political events and government policies would also determine its value.
Eforex India quotes prices of Aluminium Alloy as per the London Metal Exchange (LME) against the USD and can be used for benchmarking and hedging purposes. We also give API of the prices of all Metals which can be integrated to your software for pricing and valuation. Exporters, importers and traders needs to manage their hedging by proper Risk management techniques and value it Marked to Market (MTM) on a daily basis to manage their portfolio.