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NALCO raises aluminium prices

Source : REUTERS
Last Updated: Sun, Dec 02, 2012 07:54 hrs
A worker walks through an aluminium ingots depot in Wuxi

India's state-run National Aluminium Co Ltd (NALCO) has raised aluminium prices by 4,500 rupees per tonne ($82.92) for all products in the domestic market, effective Dec. 1, company sources said on Sunday.

The basic price of standard aluminium ingots after the latest increase is 143,700 rupees per tonne, said sources who declined to be identified, in line with company policy.

NALCO, which is India's third-largest producer of aluminium, revises product prices from time to time to mirror London Metal Exchange prices. It last raised aluminium prices across all products by 2,500 rupees in November.


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