I can't say that I remember learning about alkali causing any problems with absorption of the nutrients from milk. It may, but I think if Ovaltine manufactured a powder that did, hopefully the FDA would know about it. I think alkali may be a preservative in this case, like the BHT added to cereals to keep it fresh. BHT, to my knowledge, doesn't interfere with the absorption of all the vitamins and minerals added to cereals.

According to the dietitians at my hospital, none of them has heard of that, so check your source! Is it reliable? Does it sound faddish? So many people are currently against and trying to eliminate all chemicals from their diets. Hence the growing popularity in organic foods. I don't blame them, it's scary all the chemicals used in growing our foods! If you think you should avoid it, then do so. I haven't heard anything about it, but that obviously doesn't mean there aren't problems. My advice, stick to reliable sources when reading anything dealing with health, and always follow your instincts. My instincts say it's probably okay. So, until further notice, keep drinking your chocolate milk!

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