NALCO chairman Sridhar Patra anticipates supply-demand gap to increase in 2022

According to Sridhar Patra, the chairman and managing director of NALCO, the supply-demand mismatch in the aluminium market is expected to grow in 2022.

Aluminium prices have swung wildly in the last year, rising 42% for the year despite a 12% drop from their peak. In 2021, the stock price of National Aluminium Company Limited (NALCO), a major aluminium producer, has increased by almost 130%.

A mismatch in the global aluminium market, according to Patra, may keep prices high, with prices hovering around USD 2,600-2,700 per tonne.

National Aluminium Corporation Limited (NALCO) is a well-known name in Eastern India's industrial landscape. It's one of the country's largest combined Bauxite-Alumina-Aluminium-Power Complexes. The government of India now owns 51.28% of the paid-up equity capital.

NALCO is the country's first public sector company to enter the foreign market in a large way, having been registered with the London Metal Exchange (LME) since May 1989. Since 1992, the company has been listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).