05 SEPTEMBER 2014www.moneycontrol.com
See aluminium price hold above USD 2400/tonne: Nalco
Edited by : AL CIRCLE
1 min read
Answering a query put by CNBC-TV18’s guest editor Abhay Laijawala, MD & Head of Research, Deutsche Equities India on whether alumna prices on the LME are expected to move up in line with aluminium prices, Ansuman Das, chairman and managing director of Nalco said alumina prices may not move up as sharply as aluminium prices but would be stable and may continue to have an up trend.
The aluminium price on the LME were around USD 2100 per tonne and the spot alumina prices were around USD 325 per tonne. Das expects the aluminium prices to hold above USD 2400 per tonne.
Moreover, he thinks with the new government’s focus on infrastructure development the demand for aluminum in India could be high.
The aluminium price on the LME were around USD 2100 per tonne and the spot alumina prices were around USD 325 per tonne. Das expects the aluminium prices to hold above USD 2400 per tonne.
Moreover, he thinks with the new government’s focus on infrastructure development the demand for aluminum in India could be high.
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