Net Sales Realisations for aluminum companies (Nalco, Hindalco, and Vedanta) declined in line with lower LME prices.
Volumes though were higher QoQ.
At current LME, more than 20% of global aluminum smelters are expected to be in losses. This is likely to be unsustainable and expect LME to recover. Given its low-cost integrated production, Hindalco is well placed to benefit as LME recovers. Novelis should drive growth through investment in high-margin auto-rolled products.
Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.
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