Business Standard
State-run National Aluminium Company Ltd's exports to West Asia have been affected by geopolitical tensions in the region, according to its CMD, Brijendra Pratap Singh. West Asia accounts for 40-50 per cent of the company's alumina shipments. National Aluminium Company (Nalco) also said that a shift in export destinations due to supply disruptions in West Asia has contributed to a decline in global spot alumina prices, which have now fallen to USD 305-310 per tonne. Alumina is a white, granular material refined from bauxite ore, primarily used as the feedstock for producing aluminium. The Nalco Chairman and Managing Director, in the earnings conference call, said, "Our alumina export to the Middle East ... a lot of around 40 per cent, 50 per cent of our export was going to the Middle East, which has been affected. But now, from Indonesia and other places also, orders are there. Of course, that has resulted in a reduction in the spot prices." Nalco further said that smelters in Wes
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