The expansion of India’s primary aluminum capacity in 2011-12 will fall short of market expectations by some 1.6 metric tons per year, says Harbor Intelligence.
Indian companies had been expected to increase capacity by 2.29 million tons per year during 2011-12, which was equivalent to 30% of the global committed capacity expansions, or 90% of expected global expansion, excluding China and the Middle East, Harbor says.
Projects have gone through a process of continuous delays and some of them could be canceled due to lack of bauxite and competitive coal,” Harbor says. “The fact is that these delays and possible cancelations will adversely hit India’s aluminum market balance and thus intensify the ongoing global mark deficit.
“Assuming delayed projects actually take place, we expect India’s deficit to widen from 283,000 to 402,000 tons this year, and from 157,000 to 423,000 tons next year.”
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