National Aluminium Company Limited (Nalco) has said geopolitical tensions in West Asia have disrupted its alumina exports to the region, impacting global spot alumina prices and altering trade flows.
Speaking during the company’s earnings conference call, Nalco Chairman and Managing Director Brijendra Pratap Singh said nearly 40-50 per cent of the company’s alumina exports were earlier destined for West Asia, but shipments have been affected due to the ongoing regional conflict.
“Our alumina export to the Middle East … around 40 per cent to 50 per cent of our export was going to the Middle East, which has been affected. But now, from Indonesia and other places also, orders are there. Of course, that has resulted in a reduction in the spot prices,” Singh said.
Nalco noted that alumina spot prices have softened to around USD 305-310 per tonne as supply disruptions in West Asia forced exporters to divert cargoes to alternative markets, creating oversupply in some regions.
The company further stated that aluminium smelters in West Asia are operating at curtailed production levels and may take time to return to full capacity, continuing to weigh on alumina demand and pricing.
Industry analysts said the West Asia conflict has disrupted the aluminium value chain globally, with alumina prices declining in certain markets due to excess supply, while refined aluminium prices have risen amid production shutdowns and shipping bottlenecks.
During FY26, Nalco produced 23 lakh tonnes of alumina, of which 13.08 lakh tonnes were exported.
For the quarter ended March 31, 2026, Nalco reported a 16.6 per cent year-on-year decline in consolidated net profit to Rs 1,722.44 crore, compared with Rs 2,067.23 crore in the corresponding quarter last year. Revenue for the quarter also fell to Rs 5,012.82 crore from Rs 5,267.83 crore a year earlier.
Nalco is one of India’s leading integrated aluminium producers, with operations spanning bauxite mining, alumina refining, aluminium smelting, power generation and coal mining.