Hindalco Industries, the metals flagship company of the Aditya Birla Group, on Monday said that alumina prices likely to stay strong in the near-term.

From the sidelines of Motilal Oswal 14th Annual Global Investor Conference, Satish Pai, managing director, said that aluminium prices should move up in second half of the year.

On growth front, Pai said Hindalco Industries has plans in place to expand capacity at Utkal plant in Odisha.

Pai said, "The supply and demand tells you that the production in China has been remarkably disciplined.”

“The world actually had 1.5 million tonne deficit. So for the first time, China had half a million deficit between production and consumption,” Pai added.

First Published:Aug 27, 2018 3:01 PM IST