Aluminium; the end of the Indian summer?

Table of contents

• Executive summary
• Outline
  • Indian smelter production growth may slow down as costs rise
    • India sits in the first quartile of the global cost curve (C1 basis), 2014
    • 50% increase in cost ex-mine equates to 13% delivered cost of coal
    • Supreme Court ruling will increase smelter C1 cash costs in India by up to 7%
    • Risks to future coal supply
  • Shortage of coal and higher cost of electricity to impact the pipeline of smelter projects in India
    • India projected to add more than 4Mt of smelter capacity by 2019
  • Our incentive price analysis suggests that smelter projects in India will still be competitive after the Supreme Court ruling
    • Investor's incentive price increases by 5%

Tables and charts

This report includes 6 images and tables including:

• Aluminium; the end of the Indian summer?: Image 1
• Aluminium; the end of the Indian summer?: Image 2
• Aluminium; the end of the Indian summer?: Image 3

What's included

This report contains:

• Aluminium; the end of the Indian summer?

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