In an interview with CNBC-TV18, TK Chand, Chief Managing Director of Nalco and Amit Dixit, Research Analyst at Edelweiss, discussed about where the aluminium and alumina prices are headed.

“Aluminium prices are completely driven by the supply disruption, shortage and sentiment. So these prices are quite high but for some time it will be there, till the time some kind of adjustment in the market takes place,” he said.

“The price trend is going up and we expect that somewhere between $700 per tonne and $800 per tonne, the prices will move,” he added.

On EBITDA, Chand said it will double in coming years owing to price spike in alumina and aluminium.

“We don’t have a coverage on Nalco but between all the aluminium or alumina related value chain, we would prefer companies which have got alumina exposure,” said Dixit.

“Alumina at the end of the day will support aluminium prices,” he further mentioned.

First Published:Apr 20, 2018 12:41 PM IST