The Aluminium Association of India, the primary body representing all manufacturing segments of the domestic aluminium industry, has asked all primary aluminium producers to fix domestic metal price linked to London Metal Exchange (LME). An LME-linked pricing mechanism is urgently required to protect the interests of secondary manufacturers in particular and the aluminium industry in general, the association said.The higher domestic metal price has been cited as the primary reason for substitution of various applications by competitive material like stainless steel and plastics. The association has suggested that domestic primary metal producers should introduce a uniform price based on average three months LME price, plus 75 dollars to 80 dollars premium, plus five per cent towards part of the export benefits available to the primary producers. The prices could change on a quarterly basis.
NSTL
