India’s Vedanta said that India’s annual aluminum output will increase to 5 million tons in five to six years, which increases by about 25% from the current level at 4 million tons per year.
The firm predicted that this figure will further increase to 5.5-6 million tons if there are new market participants entering the aluminum industry during this period.
Fitch Solutions said that India will be the stand-out growth market for aluminum consumption in future years, whose consumption will triple from the current 2.6 million tons to 9.5 million tons by 2030.
Vedanta foresees India's annual aluminum output to up by 25% in 5-6 years
19 Nov 2021 17:02 reported by Joy Liu
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