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Thursday, November 20, 2008

Nalco lowers prices by Rs4,000 a ton

Nalco to review production cut plan by month-end

As production cut across the sectors, there is a rise in inventory seen.

Fall in demand and high input costs has triggered the fall in metal prices.

Yesterday, on LME, Aluminum was trading at $ 1825/tn. The metal has seen a rise in price by around $ 15/tn during this week. However, it again came down after touching $ 1835/tn.