Aluminium Demand On Rise

National Aluminium Company Limited (NALCO) Chairman and Managing Director Tapan Kumar Chand called upon industry leaders, policy makers and stakeholders in the aluminium value chain to scale up production of the ‘wonder metal’ to meet the rising demand as consumption of aluminium is poised to reach 10 million tons in the next decade.

Addressing the 22nd International Conference on Non-Ferrous Minerals and Metals 2018 at Ranchi, Dr. Chand said, “We need to start thinking ahead and take steps to protect the interests of the aluminium sector. As the consumption of aluminium is likely to reach 10 million tons in the next 10 years, the country needs to scale up production of aluminium to meet the demand.”

Dr. Chand also cautioned, “Unless we are prepared to scale our production to reach the rising demand, our country will have to import about 50 percent of the requirement, which will drain our economy through rising import bills.”

The Nalco CMD also focused on the role of non-ferrous metals in economy and briefed the gathering about the future prospect of aluminium in India. He appealed to the Government to explore more mineable reserves of bauxite as the current rate is barely 17 percent of the deposit.

Inaugurating the conference, Union Mines Secretary Anil Gopishankar Mukim spoke about the proactive role of the Union Government in making minerals available to producers & easing auction of mining blocks.

The conference was attended by an impressive gathering of industry leaders and policy makers, including from major non-ferrous producers like Nalco, Aditya Birla, Vedanta and HCL.

Dr. Chand received Knowledge Excellence Award from the Mines Secretary for Outstanding Contribution in Aluminium Knowledge domain.

A special NALCO booklet on Sustainable Mining titled ‘Mine with Mind’ was released at the International Conference at Ranchi which was organized by Corporate Monitor.

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