30 AUGUST 2011worldal
India's aluminum expansion to fall short of expectations
Edited by : AL CIRCLE
1 min read
The expansion of India’s primary aluminum capacity in 2011-12 will fall short of market expectations by some 1.6 metric tons per year, says Harbor Intelligence.
Projects have gone through a process of continuous delays and some of them could be canceled due to lack of bauxite and competitive coal,” Harbor says. “The fact is that these delays and possible cancelations will adversely hit India’s aluminum market balance and thus intensify the ongoing global mark deficit.
“Assuming delayed projects actually take place, we expect India’s deficit to widen from 283,000 to 402,000 tons this year, and from 157,000 to 423,000 tons next year.”
Projects have gone through a process of continuous delays and some of them could be canceled due to lack of bauxite and competitive coal,” Harbor says. “The fact is that these delays and possible cancelations will adversely hit India’s aluminum market balance and thus intensify the ongoing global mark deficit.
“Assuming delayed projects actually take place, we expect India’s deficit to widen from 283,000 to 402,000 tons this year, and from 157,000 to 423,000 tons next year.”
Previous article
Alba Club concludes its month-long Ramadan Interdepartmental Sports Tournament
Next articleCIL could not fulfill NALCO Q1 supply contracts
Grow with
AL Circle
