Nalco hikes prices by Rs 3,500 a tonne

State-run Nalco today increased prices of aluminium by Rs 3,500 a tonne, a second hike for the prevailing month, citing improvement in the metals rate at the London Metal Exchange. Price range for the products was not available immediately.

Nalco had on December 11 increased aluminium prices by Rs 7,000 per tonne. Aluminium prices have improved by USD 200 to USD 2,230 a tonne at the London Metal Exchange in the past one month. Meanwhile, Nalco has also invited bids to sell some quantity of alumina for which the last date is January 6.