They are expected to conclude the current fiscal with a 13 per cent increase.With demand for aluminium rising, the production cuts imposed by manufacturers be lifted shortly. China has increased its aluminium production even when other major producers implemented production cuts. This increase in supply will cap the rise in aluminium prices to 3.4 per cent in 2015-16.
India's aluminium production grew by 2.7 per cent y-o-y during April-December 2014 owing to an improvement in global demand for the metal. With domestic demand for aluminium also expected to improve in the coming months, the production growth might accelerate and conclude the current year with a 5.5 per cent increase.The growth in production is expected to further improve to six per cent in 2015-16. Increased demand for aluminium from transportation, construction and electrical equipment sectors would drive the growth in output in the Indian Alumimium industry.