Average aluminium prices to move up by $150 in 2018-19: Nalco CMD

Aluminium prices have been on an upswing since 2015-16 when prices stood at $1,592 per tonne

Led by smelter capacity cuts in China, pick up in demand in the European Union (EU) and North America markets, and higher input costs, average aluminium prices are expected to firm up by $150 per tonne globally. 

Aluminium prices on the London Metal Exchange (LME) touched a three-year peak of $2,246 a tonne in December last year. Prices were strengthened by easing global inventory as around two million tonnes of aluminium smelter capacity went offline in China on mounting pollution concerns.

"In FY18, till the end of November, international aluminium prices had averaged at $2,000 per tonne. We expect, in the next