Lme aluminium downside eats into india’s nalco profits

The average price of aluminium on the London Metal Exchange (LME) in 2011-12 was $2,317 per ton compared to $1,976 in 2012-13. That is a difference of $341 a ton.

NEW DELHI (Commodity Online): The National Aluminium Company Limited (NALCO), Navratna PSU under Ministry of Mines, has declared its financial results for 2012-13 fiscal. The net profit of the company was Rs.593 crore during the year as compared to Rs.850 crore in last fiscal, due to reduced Aluminium prices in London Metal Exchange and high input costs.
The average price of aluminium on the London Metal Exchange (LME) in 2011-12 was $2,317 per ton compared to $1,976 in 2012-13. That is a difference of $341 a ton. Read more.. http://tradingtipsfree.wordpress.com...nalco-profits/

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