Indian Aluminum Output May Rise Eightfold by 2020, Minister Says-Shanghai Metals Market

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Indian Aluminum Output May Rise Eightfold by 2020, Minister Says

Industry News 09:52:21AM Dec 02, 2010 Source:SMM

(Bloomberg)--India’s aluminum output may gain almost eightfold to 10 million metric tons by 2020 as companies expand capacities, Mines Minister B. K. Handique said.

Production, currently about 1.3 million tons, is expected to match consumption at 5 million tons in the next five years, Handique said today at a conference in New Delhi.

Hindalco Industries Ltd. and National Aluminium Co., India’s top producers of the metal used to build aircraft, cars and power plants, are expanding their smelters in the eastern state of Orissa, which has the country’s largest deposit of bauxite ore used to make aluminum.
 

Indian Aluminum Output May Rise Eightfold by 2020, Minister Says

Industry News 09:52:21AM Dec 02, 2010 Source:SMM

(Bloomberg)--India’s aluminum output may gain almost eightfold to 10 million metric tons by 2020 as companies expand capacities, Mines Minister B. K. Handique said.

Production, currently about 1.3 million tons, is expected to match consumption at 5 million tons in the next five years, Handique said today at a conference in New Delhi.

Hindalco Industries Ltd. and National Aluminium Co., India’s top producers of the metal used to build aircraft, cars and power plants, are expanding their smelters in the eastern state of Orissa, which has the country’s largest deposit of bauxite ore used to make aluminum.