Commodity Success Meerut, Uttar Pradesh

MCX Aluminium is a chemical element in the boron group with symbol Al and is the most widely used non-ferrous metal. Ancient Greeks and Romans used aluminium salts as dyeing mordants and as astringents for dressing wounds. It is a silvery white, soft, ductile metal. It makes up about 8% by weight of the earth’s solid surface and after oxygen and silicon, the third most abundant of all elements in the earth’s crust. Because of its strong affinity to oxygen, it is not found in the elemental state but only in combined forms, such as oxides or silicates. The MCX Aluminium derives its name from alumen, the Latin name for alum. MCX Aluminium is theoretically 100% recyclable without any loss of its natural qualities. According to the International Resource Panel’s Metal Stocks in Society report,the global per ca-pita stock of MCX Aluminium in use in society (that is in cars, buildings and electronics) is 80 kg. Much of this is in more developed countries (350 kg–500 kg per ca-pita) rather than in less-developed countries (35 kg per ca-pita). Knowing the per ca-pita stocks and their approximate lifespans is important for planning recycling. By consumption, MCX Aluminium is next to steel. The realities of the market call for risk management techniques that are critical for users of aluminium, such as producers, exporters, marketers, processors, and SMEs. When uncertainty looms large, modern techniques and strategies can improve efficiency and consolidate competitiveness through price risk management. These include market-based risk management financial instruments like ‘MCX Aluminium Futures’, offered on the MCX India platform. ☼ Factors Influencing price of MCX Aluminium ► Prices ruling in the international markets. ► Indian rupee and US dollar exchange rates. ► Economic factors: industrial growth, global financial crisis, recession, and inflation. ► Commodity-specific events: construction of new production facilities or processes. New uses or the discontinuance of historical uses. Unexpected mine or plant closures (natural disaster, supply disruption, accident, strike, and so forth), and industry restructuring. ► Government trade policies. Like implementation or suspension of taxes, penalties, and quotas. ► Geopolitical events.