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,...
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Aluminium and its usage have been evolving every moment. NIST researchers created an aluminium formate (ALF) metal-organic framework (MOF), which can identify carbon dioxide (CO2) from other compounds that exit coal-fired power stations' smokestacks. This shows that the industry is keen on moving towards a greener and more sustainable environment. Constellium SE, a pioneer in creating value-added and innovative aluminium products, joined the First Movers Coalition (FMC), a worldwide movement to hasten the development of zero-carbon technologies and lower carbon emissions. Under the market forefront, Maan Aluminium Limited stated that its revenue from operations ended the quarter at INR 1.88 billion, up from INR 1.73 billion in the first quarter and INR 1.58 million in the second quarter...
India's largest mining sector organisations are asking for increased import levies on metals like aluminium, zinc and copper to help stem the flood of less expensive imports, particularly from China. The Federation of Indian Mineral Industries (FIMI) stated in a memorandum to the Ministry of Finance that the government should increase import duties on several aluminium items, including scrap, to 10 per cent from 2.5 per cent. "The major threat of imports is from China, which constitutes over 85% share of downstream aluminium imports," said FIMI in a note in a note to the finance ministry as it prepares 2023/24 federal budget which will be announced in February. The total production capacity of India's aluminium manufacturers is anticipated to increase from its current level of 4.1 million...
AZZ Inc., one of the leading suppliers of galvanizing, metal coating, and coil coating products in North America, is planning to build a new aluminium coil coating factory close to St. Louis, Missouri, and is anticipated to begin operations in 2025. The facility will be in Washington, Missouri's brand-new Oldenburg Industrial Park. According to AZZ, the facility's network will consist of 14 facilities, each with 16 coating lines and 19 processing lines. According to the corporation, the initiative won't affect its debt leverage until 2024. "The addition of the Washington coil coating facility with state-of-the-art equipment and technology will strengthen Precoat's position to effectively serve the growing aluminum market. This project was contemplated in our strategic rationale for...
A team of 280 engineers at Polestar's UK research and development center has developed a brilliant way to make the aluminium chassis of a car stronger and lightweight. The research centre at the heart of Coventry has been strategically placed across a belt of famous motorsports companies so that the bonded aluminium chassis they create can be properly streamlined. This new Polestar 5 has been scheduled to release in 2023 as a 2024 model. Nowadays, most modernised cars feature a simple unibody chassis, which means the car has either a steel or aluminium space frame that has been sport welded, and the body has been bolted or welded into it. But luxury cars usually apply a technique like bonding the aluminium chassis. Polester is on the way to revolutionise this technique and bring it to the...
Novelis has agreed to supply high-recycled, flat-rolled aluminium to VELUX Group for use in roof windows. The news came on Friday, November 11, after Novelis and VELUX Group entered into a partnership contract. As per the report, VELUX Group is hopeful to meet its carbon emissions goal by 2030 across the value chain by using high-recycled content. The aluminium will have a recycled content of around 70 per cent, about 30 per cent more than what Novelis currently supplies to VELUX. Novelis targets to supply rolled aluminium having below 4 .0 kg of carbon emitted per kilogram to VELUX by 2024, well below half the average carbon footprint of primary aluminium used in Europe. Stephen Boney, Vice President, Specialty Products, Novelis Europe, said: "We are excited that we can help VELUX...
CSMET, a group company specialising in the R&D, production, marketing, and trading of low-carbon aluminium alloys, joined Aluminium Stewardship Initiative as the new Production and Transformation member. With sales income topping 5 billion yuan in 2020, the group produced and sold 350,000 tonnes of aluminium alloy. At the same time, the recently constructed Baotou plant went into operation. The group established a technology research and development centre based on adhering to the "liquid aluminium transportation service" strategy to continue meeting the development needs of the application of aluminium alloy in production and life. "CSMET Group Co., Ltd. is a group enterprise specialised in the research and development, manufacture, sales and trade of low-carbon aluminum alloy. Our...
Constellium SE, a global manufacturer of aluminium rolled products, extruded products and structural parts, announced that the company is providing aluminium auto body sheet for the brand-new Maserati Grecale SUV. For the hood, liftgate, and doors of the Maserati Grecale, Constellium is the major supplier of Auto Body Sheet solutions. Constellium offers Surfalex®, its high surface quality solution with unique hemming and roping capabilities, which is especially suited to the sculpted lines that distinguish companies like Maserati for the outside of the hood and liftgate. In 2021, 1 in 4 vehicles produced in Europe and the US received aluminium solutions from Constellium, a full-service supplier of rolled and extruded aluminium solutions for the worldwide automotive market. We work with...
Kunshan Huapin Aluminum Co., Ltd, a specialized manufacturer focused on the study, creation, manufacturing, and marketing of aluminium oxide materials has joined Aluminium Stewardship Initiative (ASI) as its new Industrial User member. Besides offering professional aluminium oxide, the company also provides custom products based on customer samples. "Kunshan Huapin is honored to join ASI as a member. By joining ASI, we can learn from excellent enterprises in the industry and make contributions to the sustainable development of the aluminum industry," said Chen Guangliang, General Manager at Kunshan Huapin Aluminum. Its goods have exceptional qualities, including metal sensing, resistance to fingerprints, resistance to scratches, and environmental protection, among others. According to the...
Venezuelan state-owned enterprise Aluminium Nationals SA (Alunasa) halted operations in Costa Rica almost one year ago, laying out a debt evaluation of R$19 million. As official apprentices claim, the debt has not only affected the workers but also impacted the Costa Rican coffers. Alunasa is one of the biggest aluminium products organisations in Costa Rica and it mainly deals in aluminium laminated sheets and semi-ready aluminium components made from ingots. The default was orchestrated during the government of Nicolás Maduro, and as explained by the Costa Rican Social Security Fund (CCSS), going by the Argentine portal Infobae, it could be determined that Alunasa’s operations were stopped one year back. Though the company was charged R$8.2 million for labour charges and R$10.8 million...
Coal-fired power stations are responsible for 30 per cent of the world's CO2 emissions. Even while the globe is embracing alternative energy sources that don't produce greenhouse emissions, including solar and wind power, finding a technique to lower the carbon output of existing plants might help minimise their effects while they are still in operation. According to reports, researchers from the National Institute of Standards and Technology (NIST) developed a metal-organic framework (MOF) called Aluminium formate (ALF), which can distinguish carbon dioxide (CO2) from other chemicals that escape the smokestacks of coal-fired power plants. It also doesn't have the drawbacks that other suggested carbon filter materials do. "What makes this work exciting is that ALF performs really well...
Novelis Inc., the world’s leading recycler and aluminium flat rolled producer announced its second-quarter results for the financial year 2023 on Tuesday, November 8. The company declared its net income attributable to common shareholders decreased by 23 per cent year-on-year to $183 million. Net income from continuing operations also shrank 23 per cent from the prior year to $184 million, while the same, excluding special items, declined 17 per cent Y-o-Y to $203 million, primarily due to lower Adjusted EBITDA. Adjusted EBITDA lost 8 per cent over the year in 2QFY23 from $553 million to $506 million, owing to higher energy costs and other raw materials prices driven by geopolitical instability, inflation, and global supply chain disruptions. However, these were partially offset by...
Vedanta Limited has curtailed its aluminium products and aluminium ingot prices by INR 2,000 per tonne or 1 per cent, with effect from Tuesday, November 8. With the latest cut, the company’s aluminium wire rod price has come in at INR 225,750-233,250 per tonne versus INR 227,750- 235,250 per tonne on November 5. Vedanta’s aluminium billet price is hovering around INR 227,250 per tonne, effective from November 8, compared to INR 229,250 per tonne. Aluminium ingot price has pegged at INR 218,250-249,250 per tonne, also down by INR 2,000 per tonne from INR 220,250- 251,250 per tonne. Vedanta has cut its aluminium ingot and aluminium products prices in response to the decline of US$14 per tonne in the three-month futures of aluminium on the London Metal Exchange from US$2,306 per tonne on...
One of India’s biggest auto components manufacturing and distribution groups, Sundaram Clayton Limited (SCL), has announced a consolidated net profit of INR 212.26 crore with a 43 per cent hike after the company had a 32 per cent rise in revenue due to operations, amounting to INR 8,962.55 crore in Q2 FY23 over Q2 FY22. The automotive, vehicles, and parts sector marked collective revenue of INR 7,473.10 crore, gliding up 30 per cent Y-o-Y. The financial services business amounted to INR 961.07 crore with a 46 per cent Y-o-Y increase; whereas the automotive components board brought INR 786.58 crore in revenue, up by 27 per cent Y-o-Y. The operational expense in Q2 FY23 has elevated by 31 per cent Y-o-Y to INR 8,398.77 crore, owing to a 26 per cent surge in the cost of raw materials, a 38...
Hindalco Industries Limited lifted its aluminium products prices on Saturday, November 5, after trimming it on Thursday, November 3, by INR 1,500 per tonne. With effect from November 5, Hindalco’s aluminium wire rod price stands at INR 229,100 per tonne, up by INR 6,250 per tonne or 2.80 per cent from INR 222,850 per tonne on November 3. Hindalco’s aluminium billets price was also raised by INR 6,250 per tonne on Saturday to be sold at INR 232,100 per tonne versus INR 225,850 per tonne on November 3. The company’s aluminium ingot price was no exception but also saw a hike o INR 6,250 per tonne on November 5 from INR 211,750 per tonne to INR 218,000 per tonne. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the...
On Monday, November 7, Maan Aluminium Limited announced its second quarter and H1 results of the financial year 2022-23 ended September 30, whereby it declared its revenue from operations closing at INR 1.88 billion compared to INR 1.73 billion in Q1 FY23 and INR 1.58 million in Q2 FY22. That showed an increase over the month as well as year, bringing the total income to INR 1.9 billion in the September quarter versus INR 1.74 billion in the June quarter. Revenue from operations in the first six months of the year (H1) totalled INR 3.6 billion, while total income stood at INR 3.64 billion. The latter grew by 28 per cent INR 2.81 billion during the corresponding period of the last year. Maan Aluminium also reported that its total comprehensive income in 2QFY22 amounted to INR 131 million,...
On November 4, 2022, the global leader in developing innovative and value-added aluminium products, Constellium SE, announced that it is joining the First Movers Coalition (FMC), a global initiative to accelerate zero-carbon technologies and reduce carbon emissions. In a global initiative led by the World Economic Forum and the US Government, the First Movers Coalition (FMC) leverages companies' combined purchasing power to decarbonize hard-to-abate sectors. It has been joined by more than 50 companies to drive more green demand and low-carbon technologies and to advance climate change conservation. Jean-Marc Germain, the CEO of Constellium, said, "We are proud to join the First Movers Coalition and to contribute to a faster decarbonization journey for the industry. Aluminium is fully and...
This week the downstream sector of the aluminium industry witnessed the finalization of one of the biggest economic initiatives of Mississippi, where Gov. Tate Reeves and the Mississippi Legislature announced the finalization of tax incentives for the $2.5 billion aluminium mill project by Steel Dynamics. Apart from this, on October 31, Alcomet, a Bulgarian producer of rolled and extruded aluminium products, said that the first nine months of 2022 had brought in a staggering 34 million levs (US$17.3 million) in net profit. China's aluminium plate, sheet, and strip output are anticipated to reach 12.9 million tonnes by the end of 2022, up 2% from the previous year, according to the Shanghai Metals Market. At year's end, production of aluminium foil is anticipated to reach 4.75 million...
According to the Shanghai Metals Market, China’s aluminium plate/sheet and strip output is expected to amount to 12.9 million tonnes at the end of 2022, reflecting an increase of 2 per cent over the year. Aluminium foil output is estimated to clock at 4.75 million tonnes at year-end, up 3 per cent year-on-year. The output of can body stock, can end stock and packaging foil is estimated to close the year at 1.88 million tonnes, 500,000 tonnes, and 2.4 million tonnes, respectively. On a year-on-year basis, the output of can body stock and can end stock will record an 11 per cent hike, while packaging foil will reflect a 4 per cent growth. SMM estimates robust demand for aluminium plate/sheet and strip for food packaging will drive the growth of the aluminium flat rolled industry. The output...
