Insight
Aluminium; the end of the Indian summer?
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Following the ruling in late September in which the Indian Supreme Court cancelled coal blocks awarded in the period 1993-2010, Wood Mackenzie estimates that the cost to the Indian aluminium industry will be more than US$300 million per year.
Table of contents
- Executive summary
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Outline
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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
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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
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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%
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Indian smelter production growth may slow down as costs rise
Tables and charts
This report includes the following images and tables:
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Aluminium; the end of the Indian summer?: Image 1Aluminium; the end of the Indian summer?: Image 2Aluminium; the end of the Indian summer?: Image 3
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Aluminium; the end of the Indian summer?: Table 1Aluminium; the end of the Indian summer?: Image 4Aluminium; the end of the Indian summer?: Image 5
What's included
This report contains:
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