 "Nalco rides on London Metal Exchange gains, sees room for more price hikes")
International spot alumina prices are poised to remain firm despite the brightening possibility of Norsk Hydro's Alunorte refinery in Brazil regaining its full capacity.
The Alunorte refinery, the largest in the world, with a nameplate capacity of 6.4 million tonnes per annum (mtpa) lately inked two agreements with the Brazilian authorities, pledging social and environmental obligations. The refinery has been facing embargoes and is operating at barely half of its design capacity. Industry watchers believe Alunorte refinery resuming full scale operations could happen sooner than expected. The step will help moderate soaring alumina prices as 86 per cent of the
