India's NALCO cuts aluminium prices by 4,500 rupees/T-source

BHUBANESHWAR: State-run National Aluminium Co Ltd (NALCO), India's third-largest producer of aluminium, has cut aluminium prices by 4,500 rupees ($89) a tonne, a senior company official said, a week after cutting prices by 6,500 rupees a tonne.

Both the moves were promoted by the changes in the London Metal Exchange (LME) rates, the official, who did not wish to be identified due to a company policy , told Reuters on Saturday. With the latest move, the prices of standard aluminium ingots stand trimmed at 141,200 rupees per tonne, he added.