• Aluminium price outlook: Hindalco expects aluminium prices to remain firm and trade between $3,200 and $3,400 per ton for the remainder of the year.
• Global supply deficit: Prices are supported by an anticipated 1 million deficit in the aluminium market this calendar year, with global inventories remaining low as Middle East capacity has yet to return.
• Downstream growth expectations: Firm aluminium prices will help maintain high downstream pricing, with downstream volumes and profitability projected to rise across Q2, Q3, and Q4.