The aluminium industry is entering a phase where supply security is being tested across the entire value chain. The latest developments show the pressure beginning with bauxite, moving through logistics and alumina, feeding into aluminium prices and producer earnings, and eventually reshaping...
Hindalco Industries’ Baphlimali bauxite mine in Odisha has become the first bauxite mining operation in India to secure certification under the Aluminium Stewardship Initiative’s (ASI) Performance Standard V3.1 (2023). The certification was awarded to Utkal Alumina International Limited (UAIL), a...
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Hindalco Industries Limited has continued to trim its aluminium products and aluminium ingot prices as the LME aluminium ingot price keeps pursuing a downtrend. With effect from April 6, Hindalco has reduced its aluminium wire rod price by INR 3,000 per tonne to INR 304,850 per tonne. On April 5,...
After about a week, Hindalco Industries Limited has further trimmed its aluminium products and aluminium ingot prices, with effect from April 5, 2022. Hindalco has reduced its aluminium billets price by INR 6,250 per tonne or 1.97 per cent to INR 310,850 per tonne. The previous price cut was on...
This week the global aluminium downstream segment witnessed some limited but sporadic changes, showing that the metal industry is eventually getting on track. Like, Hindalco industries planning to expand its aluminium industry following the record breaking surge in price of the metal over the next...
As Russia retreats its military activities in some areas of Ukraine, allowing the resumption of alumina refineries and aluminium smelters, the LME aluminium benchmark price begins downsizing throughout the week with the hope of supply chain recovery. Starting at US$3,606 per tonne on Monday, March...
Over the next 5 years, Kumar Mangalam Birla owned Hindalco Industries Ltd. is aiming to invest up to US$7.2 billion in expanding its aluminium industry following the whooping increase in the price of aluminium due to the global supply bottlenecks and strong demand expectations. Hindalco Industries...
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices back-to-back on two consecutive days as LME aluminium benchmark price has been shedding off since March 29. With effect from Thursday, March 31, Hindalco’s aluminium ingot price has been slashed by INR 7,000...
On Tuesday, March 29, the Taloja Unit of Hindalco Industries Ltd. joined Aluminium Stewardship Initiative (ASI) as the new Production and Transformation member, raising the total count of ASI members to 218. Hindalco Taloja was launched in 1972 after being commissioned in 1971 with an installed...
Hindalco Industries Limited has increased its aluminium ingot and aluminium products prices following an intermittent cut on Saturday, March 26. With effect from Tuesday, March 29, Hindalco has grown its aluminium wire rod price by INR 2,250 per tonne to INR 324,100 per tonne. Until then, with...
The downstream sector of the aluminium industry witnessed limited number of events. As a result of the war, the metal industries have been affected the most. The global aluminium downstream sector started the week with the news of Novelis, announcing the launch of Novelis HRC57S®, a new, anodising...
Hindalco Industries’ aluminium ingot and aluminium products prices have continued witnessing hikes, in line with an incessant LME aluminium price surge, attributable to the anticipation of disrupted metal production due to natural gas price rise and supply scarcity. With effect from Friday, March...
Hindalco Industries Limited has continued to expand its aluminium products and aluminium ingot prices, albeit lower than the previous day, with effect from Wednesday, March 23. The company has grown its aluminium wire rod price by INR 3,500 per tonne to INR 319,850 per tonne from INR 316,350 per...
Hindalco Industries Limited again reduced its aluminium products and aluminium ingot prices, with effect from March 18, following an intermittent rise on March 17. The company’s aluminium wire rod price was cut by INR 3,250 per tonne on March 18 from INR 299,600 per tonne to INR 296,350 per tonne....
Compared to the last week, this week the downstream sector of the aluminium industry witnessed much low incidental happenings. From the market point of view, there had been repeated decline in price. From aluminium billet to Hindalco price, the prices recorded had witnessed a significant drop, the...
After two consecutive days of cut this week, Hindalco Industries Limited increased its aluminium ingot and aluminium products prices on Thursday, March 17, relating to the recovery in LME aluminium benchmark price. Hindalco raised its aluminium ingot price by INR 6,750 per tonne to INR 288,500 per...
In response to the sharp fall in LME aluminium benchmark price by US$181.50 per tonne on March 15, Hindalco Industries Limited has slashed its aluminium ingot and aluminium products prices, with effect from March 16. Hindalco’s aluminium wire rod price has experienced a cut of INR 15,500 per tonne...
The local political leaders of the opposition party attended the meeting of workers at the Lohardaga Bauxite Dumping Yard in the Indian state of Jharkhand. The workers who were working in the dumping yard informed the attended political party under the leadership of Anil Oraon that the bauxite...
Hindalco Industries Limited cuts its aluminium ingot and aluminium products prices for the third time in a row, with effect from Tuesday, March 15, as LME aluminium benchmark price slid further by US$73 per tonne on March 14. Hindalco has reduced its aluminium ingot price by INR 5,250 per tonne to...
Hindalco Industries Limited continued to reduce its aluminium products and aluminium ingot prices, with effect from Saturday, March 12, in response to LME aluminium price fall by US$63 per tonne on Friday, March 11. Hindalco cut its aluminium wire rod price by INR 4,000 per tonne to bring it to...
