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National Aluminium Raises Price 5% on Global Increase

27 Jul 2009 Evaluate

National Aluminium Co., India’s second-largest producer of the metal, raised the price 5 percent after aluminum gained on the London Metal Exchange. The price was increased by 5,000 rupees ($103) a metric ton starting July 22.

 

Aluminum prices jumped to the highest in almost nine months in Shanghai after China, the world’s largest producer and consumer of the light metal imported more than 1 million tons of refined aluminum in the first six months of this year. The quantity was 16 times higher than the same period a year ago, data from the Beijing-based customs office showed last week.

 

Aluminum prices have gained more than 20 percent since June 1 on the LME. Prices for three-month delivery traded at $1,775 a metric ton at 5:45 a.m. in London. Orders for the metal are picking up in India after the government said it planned to spend 1.79 trillion rupees to build networks of roads, telephones, electricity and irrigation in the fiscal year ending March 31.

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National Aluminium Share Price

426.65 -12.05 (-2.75%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
National Aluminium 426.65
Maan Aluminium 139.65
Arfin India 96.34
Manaksia Aluminium 31.25
PG Foils 217.40
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