India’s November aluminium production shows YoY growth after demonetisation
Indian government’s demonetization move is showing positive impact on the mines and the metals, power, and coal sectors, reveals latest data. Aluminium production in the country has logged a month-over-month rise in November this year.
The production of aluminium metal by NALCO shows 3.34% growth in November, as against October2016. November 2016 witnessed a growth in aluminium production at 32164 million tonne (MT) as compared to 31123 MT in November 2015.
Coal Production also witnessed a significant growth in November over October after demonetization. State owned Coal India Ltd witnessed a 5.5% y-o-y growth in November 2016 as compared to -2% in October.
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A month before demonetization, the growth was 0.33% in October 2016. Nalco’s production of aluminium metal has risen at 32,495 MT as against 32,389 MT during October 2015.
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