NTPC Green Energy Limited (NGEL) plans to expand its renewable energy capacity from around 12 gigawatts (GW) to 60 GW by 2032, marking a major step in its clean-energy expansion strategy. The target forms part of parent company NTPC Limited’s broader ambition to reach 149 GW of installed power capacity, supported by renewable energy, thermal expansion and a proposed entry into nuclear generation. The roadmap was outlined by P. Rahul, Deputy General Manager, Business Development – Green Hydrogen at NGEL, during the Bharat Renewable Energy Summit and Expo 2026. Alongside renewable capacity additions, the company is advancing green hydrogen, energy storage and green chemicals projects. To learn about the market potential of aluminium dross, explore "ALuminium Dross Processing: Generation,...
National Aluminium Company Limited (NALCO) is advancing its INR 30,000 crore or INR 300 billion (USD 3.18 billion) aluminium smelter expansion project at Anugola or Angul, Odisha, which is expected to more than double its existing smelting capacity from 460,000 tonnes per annum to approximately 1 million tonnes per annum (MTPA). The Navratna public sector undertaking under the Ministry of Mines has secured key statutory approvals and initiated partnerships and preparatory measures for the project, which is targeted to begin operations in 2030-31. A recent meeting of the Rehabilitation and Peripheral Development Advisory Committee (RPDAC) focused on facilitating land acquisition for the proposed facility and addressing associated compensation and rehabilitation matters. Explore the...
Grow with
AL Circle
LME aluminium opened at US$2,186 per tonne on Wednesday, with its high and low at US$2,209.5 per tonne and US$2,162 per tonne, respectively, before closing at US$2,190 per tonne, a drop of US$10 per tonne or 0.46 per cent. On Wednesday, October 19, both LME aluminium cash bid price and LME aluminium official settlement price slumped by US$32 per tonne or 1.45 per cent and US$31.5 per tonne or 1.43 per cent to halt at US$2,168 per tonne and US$2,169 per tonne. 3-month bid price and 3-month offer price slipped by US$36 per tonne or 1.62 per cent and US$35.5 per tonne or US$1.60 per cent to settle at US$2,180 per tonne and US$2,181 per tonne. December 23 bid price and December 23 offer price descended by US$32 per tonne to peg at US$2,268 per tonne and US$2,273 per tonne. LME aluminium...
National Aluminium Company Limited (NALCO) has axed its aluminium ingot and aluminium products prices, on October 19, after witnessing a hike on Thursday, October 6. NALCO’s aluminium ingot price has seen a slash of INR 11,400 per tonne to come in at INR 211,850-215,350 per tonne versus INR 223,250-226,750 per tonne on October 6. NALCO’s aluminium wire rod price has come in at INR 215,350-219,700 per tonne, also surged by INR 11,400 per tonne from INR 226,750-231,100 per tonne on October 6. The price of aluminium billets also witnessed the same price hike at INR 216,300-218,950 per tonne compared to INR 227,700-230,350 per tonne on October 6. NALCO has sharply cut its aluminium prices in response to the LME aluminium official settlement price. From October 18 to October 19, the LME...
Bharat Aluminium Company (BALCO), Vedanta's subsidiary company, has been declared the successful bidder for the Barra Coal Block, situated in the Raigarh district of Chhattisgarh under Tranche IV of the commercial coal block auction conducted by the Ministry of Coal, Govt. of India. Considering the location of the coal block, it is the best possible choice for BALCO. According to estimates, the block contains 900 million tonnes of coal reserves. Upon operationalization, it will provide fuel security and improve power availability while strengthening BALCO's operations and performance. Presently, Balco produces around 600,000 tonnes of aluminium per annum, which is 20% of India's annual aluminium output. The power production capacity at Balco has also reached 2010 MW per annum from 270 MW...
According to the Brazilian body, which brings together the automobile, light commercial, truck, bus, agricultural and construction machinery manufacturers National Association of Automotive Vehicle Manufacturers (Anfavea) reported that in 2021, the auto industry's production witnessed an 11.6% upswing against 2020 to 2.2 million units. However, it has been acknowledged as a marginal improvement but still below the potential for domestic and foreign demand. Truck sales increased 43.5%, pickup sales increased 25.1%, and van sales increased 22.8% on the balance sheet, while car sales dropped 3.6% and made passenger cars the most affected, majorly due to the global semiconductor shortage crisis. Concurrently, the production of processed aluminium is also winged up. The increase occurred in...
Hindalco Industries Limited has back-to-back cut its aluminium products and aluminium ingot prices on October 18 and 19. As per the revised prices revealed, Hindalco’s latest aluminium wire rod price stands at INR 218,850 per tonne on October 19 versus INR 222,850 per tonne on October 18. Today, the price has seen a cut of INR 4,000 per tonne, while the price underwent a slash of INR 6,250 per tonne a day before. Hindalco’s aluminium billets price is hovering around INR 221,850 per tonne as of October 19, down by INR 4,000 per tonne from INR 225,850 per tonne on the previous day. On October 18, Hindalco’s aluminium billets price witnessed a slash of INR 6,250 per tonne from INR 232,100 per tonne. Aluminium ingot price has also been reduced by INR 4,000 per tonne on October 19 to record at...
The Industrial Disputes Tribunal (IDT), which deals with disputes involving unionised as well as non-unionised workers, is settling a wage dispute between Windalco (UC Rusal Alumina Jamaica) Limited and the Union of Clerical, Administrative & Supervisory Employees, increased Windalco's offer to six per cent for the period November 2019 to November 2021. In addition to other benefits, the union requested a 12 per cent wage increase for year one and a 15 per cent for year two. Last month, the Tribunal said the one per cent increase was based on the circumstances of gradual improvements in the company's finances and the inflation out-turn in 2020 and 2021, which accumulated to a 12.5 per cent increase. King's Counsel Allan Wood, the company representative, stated that the union's claim...
On Tuesday, October 18, Switzerland-headquartered Anglo-Swiss multinational commodity trading and mining company Glencore shipped substantial volumes of Russian-origin aluminium to London Metal Exchange (LME) registered warehouses in Gwangyang, South Korea. As per the sources, the aluminium shipped to Gwangyang was made by the Russian aluminium giant Rusal. Deliveries into LME warehouses show the challenge confronting Rusal, the largest aluminium producer outside of China, as 2022 contracts expire and buyers steer clear of Russian metal for 2023 contracts, according to the sources. The price of aluminium increased by more than 7 per cent on Wednesday last week on news that the Biden administration was considering limiting imports of Russian aluminium as a possible response to Moscow's...
On Wednesday, October 19, the A00 aluminium ingot price in China ascended by RMB 80 per tonne to settle at RMB 18,390 per tonne, with the average prices ranging between RMB 18,370 per tonne and RMB 18,410 per tonne. The spot contract price is likely to be traded at a discount price of RMB 10 per tonne to a premium price of RMB 30 per tonne. The price in Gongyi has surged by RMB 150 per tonne to score at RMB 18,400 per tonne. In Foshan, the price increased by RMB 100 per tonne to halt at RMB 18,470 per tonne. The prices in Chongqing and Wuxi expanded by RMB 90 per tonne and RMB 80 per tonne to reside at RMB 18,510 per tonne and RMB 18,400 per tonne. As per the SMM data, both Hangzhou and Shenyang witnessed a growth of RMB 70 per tonne and RMB 30 per tonne to peg at RMB 18,420 per tonne and...
A recent report from Europe indicates, that the private equity firm that has grown substantially over the past two decades, KPS Capital Partners, whose portfolio company Germany's aluminium smelter Speira ready to receive EU antitrust approval for its plan to acquire aluminium recycler Real Alloy Europe with its offer to sell two plants to address EU concerns. The deal was announced in February by Speira, which owns the world's largest rolled aluminium finishing mill in Grevenbroich, Germany. Annually, the company produces about a million tonnes of aluminium-rolled products. As a result of the deal, the company can use recycled metal to make low-carbon rolled aluminium products. In Germany, Norway, France and Britain, Real Alloy Europe has seven facilities and about 600 employees....
LME aluminium opened at US$2,245 per tonne on Tuesday, with its high and low at US$2,258 per tonne and US$2,178 per tonne, respectively, before closing at US$2,180 per tonne, a drop of US$64 per tonne or 2.85 per cent. Growing inventory and weak demand sent LME aluminium lower. On Tuesday, October 18, both LME aluminium cash bid price and LME aluminium official settlement price closed at US$2,200 per tonne and US$2,200.50 per tonne, after experiencing a cut of US$39 per tonne or 1.74 per cent and US$39.5 per tonne or 1.76 per tonne. 3-month bid price and 3-month offer price slumped by US$24 per tonne or 1.07 per cent to halt at US$2,216 per tonne and US$2,216.50 per tonne. December 23 bid price and December 23 offer price dipped by US$17 per tonne or 0.73 per cent to reside at US$2,300...
According to information provided by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), production of aluminium ingot increased in Iran during the first half of the current Iranian calendar (March 21–September 22) by 23 per cent when compared to the same period in the previous year. As per the data from IMIDRO, 318,091 tonnes of aluminium ingot were produced in the first half of this year compared to 259,574 tonnes during the same period last year. The first half of the current year saw South Aluminum Corporation (SALCO), one of the nation's four major producers, perform best, producing 137,351 tonnes of aluminium ingots. Iranian Aluminum Company (IRALCO) produces 88,111 tonnes, and Almahdi Aluminum Company produces 74,543 tonnes. And Iran Alumina...
Aircraft interior solutions provider Bucher has consigned the first set of fully customized galleys and stowages to Airbus Toulouse for their integration into the new Virgin Atlantic A330-900neo. However, on 16 th October 2022, the airline took delivery of the first aircraft. The Crawley, UK-headquartered Virgin Atlantic Airways is a repeating customer for Bucher. In 2011, Bucher placed the order for the first generation A330 for Virgin Atlantic. Again, Virgin Atlantic selected Bucher as its airline's 'Buyer Furnished Equipment' (BFE) partner for the follow-up order. As the industry leader in sustainable materials and processes, Bucher's galleys are made up of 65% recyclable aluminium and are backed by a team of specialized engineers. Virgin Atlantic stated, "Bucher is known for its high...
According to the data published by a significant Iranian state-owned company active in the mining sector, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) that the nation's alumina production has leapt by two per cent in the H1 of the current Iranian calendar year (March 21-September 22), against the same period in 2021. The IMIDRO’s data reveals that the alumina powder output in the six months of this year was 118,845 tonnes, while the figure was 116,192 tonnes in the same period of the previous year. However, the organization has formerly recorded alumina powder production growth by 11 per cent in Q1 2022 from the first quarter of 2021. Alumina powder production reached 62,291 tonnes in the first three months of 2022, compared with 55,974 tonnes in...
On Tuesday, October 18, Aluminium Stewardship Initiative (ASI) announced the joining of Ningbo Tuopu Group Co., Ltd. as its new Production and Transformation member. The primary areas of focus for Ningbo Tuopu Group Co., Ltd. include automotive power chassis, trim systems, intelligent driving control systems, and other sectors. “Tuopu has been committed to sustainable development, promoting energy conservation and emission reduction, building a green factory, and achieving the “double carbon” goal. After joining ASI, it will conscientiously perform the responsible production, responsible procurement and corporate governance of aluminum products, and make greater contributions to promoting the sustainable development of the aluminum industry”, said Wang Bin, the CEO of Ningbo Tuopu Group....
The aluminium conglomerate in the Middle-east region, Emirates Global Aluminium (EGA), with interests in bauxite, alumina and primary aluminium smelting, has diagnosed millions of dirhams of annual procurement spending are accounted on imported goods, that the aluminium producer counts be manufactured domestically, thus contributing to the UAE's Operation 300bn industrial growth strategy and economic growth. Typical opportunities include general materials, industrial equipment, and spare parts commonly needed across industries but not currently manufactured in sufficient quantities or at all in the UAE. As part of Operation 300bn, the UAE's strategy to more than double the size of its industrial sector by 2031, EGA aims to localize its procurement of materials further. In 2021, EGA spent...
The gas supply restriction by Russia has propelled the energy prices to surge, resulting in the aluminium smelters slashing production, which are big customers for secondary non-ferrous metals. The European metal sector is countering a massive challenge following the Ukraine-Russia geopolitical crisis. The continent's economy is now burdened by another issue, i.e. energy, besides the problems it has known for months, such as poor supply chains and the recent Covid pandemic. Europe has shown little self-sufficiency regarding energy resources over the past few weeks. At least in the short and medium term, wind, solar, and water energy cannot meet the energy demand. For too long, some European countries, notably Germany, have relied on Russian gas - this source is now drying up. As of this...
LME aluminium opened at US$2,301 per tonne on Monday and closed at US$2,214 per tonne, down US$46.5 per tonne or 2.03 per cent. On Monday, October 17, aluminium prices dropped due to large deliveries to warehouses approved by the London Metal Exchange (LME). Both LME aluminium cash bid price and LME aluminium official settlement prices plunged by US$69.5 per tonne or 3.01 per cent and US$69 per tonne or 2.98 per cent to rest at US$2,239 per tonne and US$2,240 per tonne. Russian aluminium has been shunned by consumers, fuelling worries that it may enter the LME system and affect pricing. Additionally, the premium for cash metal over the three-month contract has shrunk due to increased aluminium stockpiles. According to traders, increased aluminium inventories may be for deliveries against...
On 16th October 2022, the first Indian-manufactured aluminium goods train rake was flagged off from Bhubaneswar in Odisha. In addition to being lighter than its predecessors, it is also more capable of carrying freight. Besco Limited (Wagon Division) manufactured the aluminium-bodied wagons following an order in 2021 placed by aluminium major Hindalco Industries Limited. It was motivated by Hindalco's team headed by Mr Sagar Dhamorikar, Jt. President, and their desire to introduce aluminium in wagon manufacture, Besco, led by Mr Anant Tantia, along with the company's dedicated design and production team, led by Mr Goutam Banerjee, General Manager, completed the project within the 15-month schedule. It consists of one full rake of 61 wagons and 01 Brake Van. According to our report, these...
