Bhubaneswar: State-run National Aluminium Co Ltd (Nalco) has raised aluminium prices by Rs 2,000 per tonne ($43.6) across all products, chairman and managing director B. L. Bagra said on Friday.
The price revision was effected in line with the increase in London Metal Exchange (LME) prices, he said. “Last two days the metal price is recovering. We feel that next two to three months it will range between $2,300-2,500 per tonne. Yesterday it was $2,400,” Bagra told Reuters.
The basic price of standard aluminium ingots after the latest revision has been increased to Rs 139,700 per tonne.
Nalco had last raised aluminium prices by Rs 5,000 at the start of August.