business π Alumina Price Hike Pushes Aluminium Stocks Up
Shares of NALCO, Hindalco, and Vedanta Aluminium rose up to 8% on Wednesday, August 12th. This surge happened after Norsk Hydro's Alunorte refinery reduced its Alumina output due to a gas shortage. Global Alumina market surplus is projected at 1.6 MT in 2026 and 0.5 MT in 2027. Higher Alumina prices significantly benefit companies like NALCO, which saw this factor contribute 27% to its FY2026 EBIT. Antique maintains a 'buy' recommendation for NALCO, expecting further growth from aluminium prices. π