50 billion in revenue and 20 billion in profit is what Vedanta Group is looking forward to over the next two years, said the Founder & Chairman, Mr Anil Agarwal, during an interactive session organised by the Indian Chamber of Commerce (ICC) at Taj Bengal, Kolkata on October 28, 2026. While he sees India as a powerhouse of metals and minerals, his attention is caught by West Bengal, located in the Eastern part of India. Mr Agarwal believes the future of Bengal looks bright, as the state has a strategic geographical location with major mining states like Jharkhand and Odisha as its neighbours. By directing high hopes for Bengal and praising the double engine government, Agarwal expressed his willingness to invest in the state in sectors like mining, minerals and power. He also met the...
Hydro has begun construction of a new 5,900 metric ton indirect aluminum extrusion press line at its Cressona facility in Pennsylvania, backed by a $53.5 million investment aimed at modernizing production, expanding specialist extrusion capacity, and strengthening the company’s North American manufacturing operations. The groundbreaking took place on October 27, with operations expected to commence in the first quarter of 2028. The new press will replace equipment dating from the 1950s and introduce Industry 4.0 technology, advanced automation, improved energy efficiency, and enhanced safety performance. New press targets growing demand for specialist extrusions The investment comes as demand for indirect aluminum extrusions continues to grow across commercial transportation, automotive,...
Grow with
AL Circle
BorgWarner has declared recently that the company will supply a prime order of aluminium cooling plates used in battery making to a leading German automobile provider. This delivery of aluminium cooling plates would be done to the German carmaker's European and US manufacturing units, where they'll be used for creating batteries for the company's patented electronic vehicles. These battery cooling plates that BorgWarner excels in producing are usually formulated out of extruded aluminium profiles that squeeze their way between the rows of cylindrical battery cells, intruding less in the construct but maintaining an overall presence inside the battery’s internal design. These plates are then netted into a web by a pipe nearing their ends, through which uninterrupted coolant flows to handle...
Shanghai Metals Market reported, based on CCTV news and CCTV international news, that although the catastrophic earthquake in Turkey brought devastating effects, including 5,894 people killed in Turkey and 1,832 in Syria, it barely disrupted the local aluminium industry. Seydisehir, the only primary aluminium smelter in Turkey, owned by Eti Aluminium, located nearly 500 kilometres away from the source of the earthquake, was unaffected. The smelter has an annual capacity of 80,000 tonnes of aluminium and 260,000 tonnes of alumina. On February 7 local time, the World Health Organization stated that as many as 23 million people were affected by the devastating earthquake. However, like Seydisehir, many downstream aluminium processing plants in Istanbul, 1400 kilometres away from the...
On February 7, 2023, the world's leading sustainable aluminium solutions provider and leader in aluminium rolling and recycling, Novelis , announced that it received the '2022 Supplier of the Year' award from Hyundai Motor Group at the auto maker's annual 'Partnership Day' held in South Korea on February 3. Novelis was honoured in the material supplier category by Hyundai Motor Group based on a comprehensive evaluation of its aluminium and steel material suppliers in supply chain reliability, quality, and technical support. Novelis is the first aluminium sheet supplier named ‘Supplier of the Year’ by the South Korean automotive giant. Novelis supplies automotive aluminium sheets produced at its technically advanced rolling facility in Ulsan, South Korea, for internal and exterior...
Golkonda Aluminium Extrusions Ltd, formerly known as Alumeco India Extrusions, has reported a total income of INR 0.106 crores during the quarter ended December 31, 2022, compared to INR 0.224 crores during the quarter ended September 30, 2022. The company posted a net profit of INR 0.004 crores for the quarter that ended December 31, 2022, against a net profit of INR 0.449 crores for the quarter that ended September 30, 2022. The company has reported an EPS of INR 0.01 for the period ended December 31, 2022, compared to INR 0.85 for September 30, 2022. However, the company has reported a total income of INR 0.106 crores during the period ending December 31, 2022, compared to INR 0.218 crores ending December 31, 2021.
The use of giant aluminium die-casting machines, such as those made by Tesla supplier IDRA Group, can reduce manufacturing costs by up to 40 per cent by replacing around 60 welded components. Massive casting equipment, commonly called Gigapresses , was invented by Tesla to produce single, enormous pieces of vehicle underbodies, expedite production, and lighten the workload of even robots. As a result, it has become the most profitable manufacturer of battery electric vehicles (BEVs). Critics claim that the approach carries dangers to quality and adaptability because a single defect might jeopardise the integrity of an entire module and make troubleshooting more challenging. However, as raw material costs rise and the industry struggles to maintain profit margins, automakers, including...
Novelis Inc. posted its third-quarter financial 2023 results. According to the data, net income attributable to its common shareholders decreased from the prior year by 95% to $12 million, principally because adjusted EBITDA was lower, and there was a negative metal price lag caused by the current year's dropping local market premiums for aluminium. The Japanese partner Kosei's remaining 22.64 per cent stake in the joint venture business Minda Kosei Aluminium Wheels would be purchased by the Gurgaon-based Uno Minda Group for INR 115.5 crore. The development of a 12 mm aluminium wire rod for the electrical sector was announced by Vedanta Aluminium on Thursday, February 9, at its inaugural International Aluminium Conference (IAC) 2023. According to the company's announcement, the sale of...
Aluminium Stewardship Initiative (ASI) announced that Aludium's plant in Alicante and Amorebieta (Spain) was successfully certified against the ASI Chain of Custody Standard V1. These facilities just received re-certification after achieving ASI Performance Standard Certification in December 2019. The certification applies to the Aludium Alicante plant (Spain), which includes the casthouse, cold rolling, finishing, administrative facilities, and R&D Center, as well as the Aludium Amorebieta plant (Spain), which consists of the casthouse, hot rolling, cold rolling, finishing, and administrative facilities. The business manufactures aluminium products utilised in many downstream industries, such as building and construction, packaging, and transportation. "The ASI CoC certification is a...
Vedanta Limited has further reduced its aluminium ingot and aluminium products prices in response to the incessant LME aluminium price fall for over a week. The latest price chart indicates the company’s aluminium wire rod price has experienced a cut of INR 5,000 per tonne or 2 per cent, with effect from Friday, February 10, to stand at INR 238,750-246,250 per tonne versus INR 243,750-251,250 per tonne on February 7. Vedanta’s aluminium billet price has also been axed by INR 5,000 per tonne, although at a lower rate than the cut of INR 6,250 per tonne on February 7. Vedanta is thus currently selling its aluminium billet at INR 240,250 per tonne, in contrast with INR 245,250 per tonne on February 7. The latest cut has brought the company’s aluminium ingot price to INR 231,250-261,750 per...
The Austrian company Hammerer Aluminium Industries (HAI) and the Korean company LS Cable & System (LS C&S) have agreed to invest a combined 67.5 billion won ($53 million) in the creation of a joint venture that will begin producing battery cases and other EV components made of lightweight, high-strength aluminium in 2025. Both businesses intend to enter the market for aluminium vehicle components by utilising the respective knowledge they have each gained in Europe and Korea. In 2027, LS C&S anticipates that the joint venture will produce revenues of about 200 billion won. For the manufacture of Hyundai Motor and Kia automobiles with internal combustion engines, the LS Group subsidiary has provided high-strength aluminium components. The business intends to concentrate more on making...
The Harare City Council (HCC), the local governing body of the capital of Zimbabwe, has warned that water production may soon stop due to a lack of aluminium sulphate. According to a statement from the local government authority, all areas of the city would be impacted. Aluminium sulphate is primarily used as a coagulant in the purification of drinking water, the treatment of sewage, and the production of paper. The City informed that water production has been decreased to stretch precious inventories from 20 hours of operation to 30 hours as of yesterday evening due to dangerously low stockpiles of aluminium sulphate. A quicker alternative delivery is being sought to shorten the outage. This indicates that the city will run out of goods and stop production at midnight this evening. The...
The Gurgaon-based Uno Minda Group has announced plans to invest INR 115.5 crore to buy out its Japanese partner Kosei's remaining 22.64 per cent ownership in its joint venture company, Minda Kosei Aluminium Wheels. In India, alloy wheels are increasingly being used on both two- and four-wheeled vehicles, according to the firm, and it plans to take advantage of this potential opportunity in the years to come. By the end of March 2023, the Tier-1 major will have completed the acquisition, turning the alloy wheel manufacturer into a wholly owned subsidiary. According to the group, the joint venture business will enter into a technical-licensing deal with Kosei when the transaction is complete to guarantee the continuation of technological assistance. "The automotive industry experienced a...
On Thursday, February 9, Vedanta Aluminium grabbed the opportunity at its first International Aluminium Conference (IAC) 2023 to have announced the launch of a 12 mm aluminium wire rod for the electrical industry. Vedanta Aluminium is a world-renowned producer (outside China) of high-quality electrical conductor (EC) grade wire rods, having a production capacity of 600,000 tonnes, equipped with state-of-the-art continuous mills from Southwire (USA) and Properzi (Italy). Vedanta's wire rods are destined for crucial applications in the electrical industry in the form of wire and cables for transmission and distribution networks, coils and windings, heating & cooling tube, and more. Vedanta has manufactured 12 mm aluminium wire rods at its smelters in Jharsuguda (Odhisha) and BALCO...
The rising demand for large SUVs and pickup trucks has instigated General Motors' (GM) long-term decision to continue purchasing raw metal for their flagship cars' framework, like that of the Chevrolet Colorado and GMC Canyon. In 2021, GM claimed to have invested US$46.5 million to enhance its Parma Metal Center for increased aluminium-related activities. Addressing a quarterly earning call for the period ending on January 31, General Motors declared a major profit influx, resulting in a 13% stock hike for the company's shares. The GM Parma Metal Center Plant Director, Jim Gaeschke, referred to the sources by saying: "We were a key contributor to those record-earning profits. Our customers who sit in the front seats of the GMC Canyon and Chevrolet Colorado, this part right here is where...
Hindalco Industries Limited has significantly reduced its aluminium products and aluminium ingot prices for the second consecutive time, in line with the back-to-back LME aluminium price fall since February 1. With effect from Tuesday, February 7, Hindalco has curtailed its aluminium wire rod price by INR 6,250 per tonne or 2.47 per cent to INR 246,350 per tonne, in contrast with INR 252,600 per tonne on February 3. Hindalco has also axed its aluminium billets price by INR 6,250 per tonne, with effect from February 7, to sell the product at INR 249,350 per tonne versus INR 258,850 per tonne last week . The company’s aluminium ingot price has also been cut by the same amount to INR 235,250 per tonne from INR 241,500 per tonne. Hindalco links its aluminium ingot and aluminium products...
Novelis Inc., a top provider of sustainable aluminium solutions and a global pioneer in the rolling and recycling of aluminium, released its third-quarter financial 2023 results. As per the results, net income attributable to its common shareholders fell by 95 per cent from the preceding year to $12 million, primarily due to lower adjusted EBITDA and an adverse metal price lag brought on by the current year's declining aluminium local market premiums. In comparison to the same period last year, net sales for the third quarter of FY2023 dropped by 3 per cent to $4.2 billion from $4.3 billion, primarily due to lower average aluminium prices and a 2 per cent decline in total shipments of flat rolled products to 908 kilotonnes. However, higher product pricing and a more favourable product mix...
MAAN Aluminium, an India-based aluminium products manufacturer and seller, announced its third quarter results that ended December 31, FY2023, reporting net sales of INR 189.62 crore versus INR 188.20 crore in the September quarter. The data indicated the company’s Q3 net sales improved marginally by 0.75 per cent from Q2 but recorded a significant growth of 15.31 per cent from INR 164.44 crore in Q3 FY2022. Net profit for Q3 FY23 stood at INR 14.01 crore, up by 6.95 per cent from 13.10 crore in Q2 and 257.4 per cent more than INR 3.92 crore in Q3 FY2022. MAAN Aluminium’s EBITDA stood at INR 20.85 crore in the December quarter, which also reflected a hike of 179.49 per cent year-on-year from INR 7.46 crore. Earnings per share increased to INR 10.37 in the third quarter of the current...
On February 1, Aluminium Stewardship Initiative certified Binzhou Hongzhan Aluminium Technology Co., Ltd., a subsidiary operation of China Hongqiao Group Co., Ltd., against its Performance Standard V2 (2017) for the research & development, and production and sales of aluminium alloy rolled products. Binzhou Hongzhan Aluminium Technology Co., Ltd. mainly produces and sales transportation aluminium alloy materials and high precision aluminium plates and strips. The ASI Performance Standard V2 defines environmental, social and governance principles and criteria address sustainability issues in the aluminium value chain. On receiving the certification, Li Zhenlai, General Manager at Binzhou Hongzhan Aluminium Technology Co., Ltd., said: “Green and sustainability are the foundation of our...
The U.S. Environmental Protection Agency (EPA) and the Department of Justice (DOJ) announced a settlement with the Russellville-based aluminium rolling mill regarding alleged violations of the federal Lead Renovation, Repair, and Painting regulations (RRP) at the renovation projects carried out by Logan Square Aluminum and its contractors in Chicago and the Chicago suburbs. The Innovative Manufacturing Cooperative Research Centre (IMCRC) in Melbourne, AML3D Limited in Edinburgh, and the Institute for Frontier Materials (IFM) at Deakin University in Victoria joined forces to develop a brand-new high-strength aluminium wire feedstock. LG Energy Solution and Jiangsu Dingsheng New Energy Materials Co., Ltd., a producer of aluminium plates, strips, foils, and other products, inked a supply and...
