Hindalco Industries eyes lithium to strengthen its aluminium business

The company, part of the $44.3-billion Aditya Birla Group, is looking for the minor mineral via its mining arm, Essel Mining & Industries (EMIL)

Hindalco Industries is eyeing lithium in the minor mineral space in order to strengthen its aluminium business. “Lithium is the closest to our (aluminium) business, and in India, there could be some opportunities in this minor mineral. We are watching. If we get an opportunity we will get into this minor mineral,” said Satish Pai, managing director of the company.

The country’s largest aluminium producer has captive bauxite mines in Jharkhand, Chattishgarh, Maharashtra, and Odisha. Bauxite is raw ma­terial needed to make alumina from which aluminium is derived.

The company, part of the $44.3-billion Aditya Birla Group, is looking for the minor