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NALCO cuts aluminium prices by $91/tonne

Thursday, Aug 21, 2008
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BHUBANESWAR, India (Reuters) - State-run National Aluminium Co Ltd (NALCO) has cut aluminium prices by 4,000 rupees ($91) a tonne to 136,000 rupees ($3,105), its chairman said on Wednesday. "Prices are governed by international prices and LME prices have gone down," C.R. Pradhan told Reuters. Aluminium on the London Metals Exchange fell to near six-month lows last week as investors worried about future demand and the dollar firmed.

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