We expect alumina prices to remain in the range of $450-490 per tonne, said TK Chand, CMD, National Aluminium Company (NALCO).

Talking about aluminium prices, Chand said, “Prices have considerably come down because the sentiment that was driving the London Metal Exchange (LME) particularly the sanction against Rusal has almost vanished and that had strong impact and during this month itself, in June, LME has come down by $180 and it is hovering around USD 2170.”

We expect global aluminium prices to be in the range from $2150-2250 per tonne, he added.

On business front, he said, “if over the year alumina average prices remain around $450 and aluminium prices remain with premium around 2250 then we will have an EBITDA margin of around 22 percent.”

The demand for alumina continues to remain high and we expect alumina deficit at 8 lakh tonne in FY19, he added.