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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<p>Hindalco Industries shares were up 3% at INR 172 on BSE, trading at its highest level since December 2014(23 months high), after the company’s subsidiary Novelis reported adjusted EBITDA of $270 million in comparison to $182 million in the same period of 2015. Excluding metal price lag in...
<p>Overcapacity, falling LME prices, and escalating cost of production in the non-oil producing countries have been the bane for global aluminium industry for over a year now. If that weren’t enough, a number of old capacity restarts and new additions in China have added another spoiler....
<p>India's primary aluminium producers have hired state-run engineering consultant Mecon Ltd to prepare a report exploring the possibility of introducing minimum import price (MIP) on aluminium products and approach the government with the same. <br /><br />The move was directed shortly after the...
<p>Global aluminium industry has been undergoing a paradigm shift over the last ten years. From primary metal production, the focus has shifted to downstream manufacturing. In India too, the change has happened, though at a bit slower pace. All major primary aluminium producers including National...
<p>Aluminium major Hindalco on Friday sought government support to enable the domestic industry to take on what it called "foreign economic invasion" and urged it to encourage new investments.<br /><br />"We seek government support to enable domestic industry to compete with the onslaught of...
<p>India’s ministry of commerce and Industry has ruled out imposing minimum import price (MIP) on aluminium and is of the view that the World Trade Organization’s (WTO) non-compliant measure will tarnish the country’s image globally.<br /><br />This comes in the backdrop of the...
<p>As a counter effect of the falling commodity price, Hindalco Industries will go ahead with plans to sell its alumina plant and mines in Brazil.<br /><br />According to an Economics Times report, Hindalco wants to use the money to pay off loans and focus on the domestic business to be...
<p>Indian aluminium major Hindalco Industries of the Aditya Birla group, is all poised for a challenging time ahead with subsidized aluminium imports, rather dumps, from the overseas markets flooding Indian market and profitability going down for aluminium makers in the country who base their...
<p>The Government of India is finally considering imposing a minimum import price (MIP) on aluminium to help address the issue of surging cheaper aluminium shipments from overseas markets, especially China and Middle East. The surge has been such that the even biggest names in the primary aluminium...
<p>Hindalco Industries, an Aditya Birla Group company, will invest INR250 crore in a new wire-rod plant at Dahej in Gujarat. The new facility with a capacity of 2.50 lakh tonnes will take the company’s total wire-rod production capacity to four lakh tonnes from the current 1.50 lakh...
<p>Indian aluminium industry giants have once again come forward to nudge the government to take some decisive steps against cheap aluminium imports that have been flooding the Indian market for a while now. <br /><br />After the Centre gifted the domestic steel industry some relief from the...
<p>Indian aluminium producer Hindalco, the Aditya Birla flagship company reported the result of Q1 on August 12 and registered a more than four four-fold jump in standalone net profit to INR 294 crore from INR 61.10 crore in the same period of 2015. It was the company’s better...
<p>Leading market research firm Technavio has come up with a list of six major aluminium foil manufacturers who are likely to dominate the world market from 2016 through 2020. <br /><br />Presently, there are six vendors including Alcoa, Ess Dee Aluminium, GARMCO, Hindalco Industries, Norsk Hydro,...
Shares of Hindalco and Nalco surged in Tuesday's (July 12) trade after the world's third-largest aluminium producer reported a beat in its Q2 earnings. Alcoa's earnings per share (EPS) grew 66 per cent for the quarter, its second quarterly earnings beat for the year. The aluminium giant has guided...
The recently ended National Conference on Non-Ferrous Minerals & Metals- 2016, which was held on 8th and 9th July in Jamshedpur, India, saw a huge congregation of professionals from the non-ferrous metal industry in India. In the satellite session of the event, focused mainly on the application...
The Ministry of Mines, India, is expected to consider pushing for a hike in the customs duty on primary aluminium products to provide relief to an industry suffering from low prices and underutilised manufacturing capacity. "We have asked the industry to make a representation to push their case...
Aluminium makers all over the world, including the three in India, have remained under pressure, as the global economy is struggling to get back on its feet from a rough ride now lasting over two years, halting recovery in London Metal Exchange (LME) prices and crippling overcapacity for which the...
<p>India is at the threshold of emerging as the next biggest demand driver for aluminium- the strategic metal of tomorrow. Although, presently, the per capita consumption of the metal here stands at 2.2 kg against the world average of 8.4 kg, rapid urbanisation, improving automobile story of the...
