Summary: After a 6-7% dip from recent highs, aluminum prices on the London Metal Exchange (LME) have entered a consolidation phase, settling near $3,030 per tonne. Analysts from Kotak Institutional Equities suggest that while macro headwinds (like a stronger US dollar) have cooled prices, long-term fundamentals remain “constructive” due to a structural supply deficit and low inventory levels.

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