Aluminium prices cross $3,400/tonne- Indian producers Vedanta, Hindalco, Nalco in focus
The rise in global aluminium prices caused by supply issues in the Middle East has brought temporary benefits to Indian primary producers, but could lead to long-term difficulties. With the region contributing 8-9% of global production, Indian companies like Nalco, Hindalco, and Vedanta are vulnerable due to their dependence on imports from the US and Middle East.