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NALCO, Hindalco, Vedanta Aluminium shares surge up to 8.8% as Alunorte refinery cuts alumina output by 50%
Primary AL
Shares of aluminium companies NALCO, Hindalco Industries and Vedanta Aluminium Metal surged on Wednesday, August 12, after Norsk Hydro ASA reported that its Alunorte alumina refinery in Brazil had reduced production to 50 per cent of capacity due to a shortage of natural gas. The production cut has pushed aluminium prices to a seven-week high. On the London Metal Exchange (LME), spot aluminium prices are currently around USD 3,373 per tonne, compared with an average of USD 3,565 a tonne in Q1 ...
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