''Aluminium Output To Touch 5 Million Tonnes In 5-6 Years": Vedanta
NDTV
Annual aluminium production in India could reach five million tonnes in five to six years, an official from metals group Vedanta Ltd said, an increase of around 25 per cent from current levels.
Annual aluminium production in India could reach five million tonnes in five to six years, an official from metals group Vedanta Ltd said on Thursday, an increase of around 25 per cent from current levels.
"The 4 million tonnes of metal production today potentially could increase to five million tonnes in about five to six years' time," based on projects that companies are currently working on in India, said Deeptaman Mukherjee, director of commodities for the aluminium business at Vedanta.
"If there is a new market participant that comes in, possibly that five million tonnes could increase to about 5.5-6 million tonnes of aluminium production," he added during a panel discussion at the AZ China virtual aluminium conference.
India will be the "stand-out growth market" for aluminium consumption in the coming years as it pursues construction projects to resolve an infrastructure deficit, according to Fitch Solutions, which sees usage more than tripling to 9.5 million tonnes by 2030 from 2.6 million tonnes this year.
