India’s electronics aluminium demand to grow 10.18% CAGR: Why aren’t makers benefiting from strong domestic production?
India’s aluminium smelters operate with some of the highest margins in the value chain, at around 10 per cent, but this profitability is not reflected among downstream manufacturers, where margins are closer to 5 per cent. These companies convert the metal into finished products such as heat sinks,...
India's ₹9,150b power grid push could drive new aluminium demand
India's planned transmission investment and renewable-energy expansion could lift aluminium consumption in electrical applications to 4 million tonnes by FY30. India's push to expand its electricity transmission network is emerging as a major potential growth driver for aluminium, with the...
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Indian Oil initiates 'Refuel with RecyKal' campaign for pet bottles and aluminium cans
On June 5, World Environment Day, the Chairman of Indian Oil Corporation, S.M. Vaidya, officially launched the 'Refuel with RecyKal' campaign at COCO Hitec City outlets in Hyderabad. The campaign is being rolled out at five of their retail outlets in the city and encourages customers to bring in...
AKAM 6th Awareness Conference on “Sustainable & Circular Bharat: Towards Zero Waste in Metals Processing”
AKAM 6th Awareness Conference on “Sustainable & Circular Bharat: Towards Zero Waste in Metals Processing” conference at Taj Bengal on 15th and 2-Days Plant Visit during 14-15th June at Kolkata nearby metal recycling cluster. Ministry of Mines and Ministry of Steel, Government of India, in...
Imported aluminium scrap price in India records significant fluctuation W-o-W
The domestic aluminium scrap market remained stable. Price alternations by important industry participants had little impact on the market. Stress grade scrap was recorded at INR 163,000 per tonne, while utensil prices were INR 173,500 per tonne exy-Delhi. As a result, transactions remained mild,...
Tech platform sentra.world raises $2 million in seed funding to drive ESG transformation
A technology platform sentra.world powering ESG for industrial businesses to achieve net-zero emissions has raised $2 million in seed funding. Avaana Capital, a notable early-stage climate-tech venture capital firm in India, led the funding round. ESG SaaS platform sentra.world's suite of products...
Vedanta Aluminium Jharsuguda organised a safety training programme for Odisha industries
In collaboration with the Directorate of Factories and Boilers, Government of Odisha, Vedanta Aluminium held an impactful industrial safety training programme at its Jharsuguda operations. The programme was part of a series of training initiatives across various industries organised by the...
Amazon’s new affordable smart speaker Eco Pop contains 80% recycled aluminium
Amazon has launched a new smart speaker in India called the Echo Pop, which boasts an innovative semi-sphere design and a front-facing speaker that delivers high-quality sound. The most impressive part about this device is that it has been comprised of 100% end-of-life recycled fabric and 80%...
First of its kind in the aluminium industry
The global aluminium industry has seen vast growth and is driving towards a sustainable future. It encompasses sourcing certified raw materials, transforming them through set industry standards, and the supply of finished products. The aluminium value chain has gone digital in recent years. Just as...
Imported aluminium scrap prices in India record significant fluctuations W-o-W
Imported aluminium scrap prices in India have experienced significant volatility, where several grades witnessed a growth of upto $40 per tonne and a decline of up to $10 per tonne for some grades when compared on a W-o-W basis. These fluctuations can be related to the patterns seen on the London...
MAAN Aluminium posts robust net sales of INR 262.87 crore for Q4FY2023
On Tuesday, May 30, MAAN Aluminium, one of the pioneers in the aluminium extrusion industry in India, announced its financial results for the March quarter of 2023, whereby it reported net sales of INR 262.87 crore, up by 38.63 per cent quarter-on-quarter from INR 189.62 crore . On a year-on-year...
Alstom wins the bid to manufacture 100 aluminium Vande Bharat trains
Alstom, a French rolling stock manufacturer that operates in rail transport markets throughout the globe, has won the INR 30,000 crore deal for the building and maintenance of 100 Vande Bharat trains with aluminium bodies.Alstom submitted a price of INR 151 crore per trainset, 11 per cent less than...
Aluminium prices of Hindalco, Vedanta & NALCO recorded sluggish last week during May 23-25
At the beginning of the last week, aluminium prices of Indian giants like Hindalco and Vedanta trended downwards in line with the LME aluminium price drop but increased later as the global benchmark price speared up. On Tuesday, May 23, Hindalco cut its aluminium ingot and aluminium products prices...
Non-Ferrous metal prices like aluminium grow by 0.3% to US$2,237/t
Except for nickel, all non-ferrous metals prices on the London Metal Exchange (LME) have registered growth. Aluminium futures gained 0.3 per cent to $2,237 per tonne, while lead futures increased by 0.2 per cent to $2,078 per tonne. Copper prices increased by 2.2% to $8,135/t. Zinc prices, on the...
ASMA completes a successful seminar on CBAM and ways to tackle it by the Indian aluminium industry
Aluminium Secondary Manufacturers Association (ASMA) conducted a seminar on 'Global Trade, Sustainability and Competitiveness of Indian Downstream Aluminium Industry in presence of CBAM' on May 17, 2023, at India International Centre, New Delhi. The seminar was about introspecting the burning issue...
Secondary aluminium ingot (ADC12) price in India declines W-o-W by INR3000/t due to slow demand
India's aluminium alloy ingot (ADC12) prices declined by INR 3,000 per tonne W-o-W to INR 196,000 per tonne. Due to lower demand, the market witnessed fewer transactions, which maintained prices on a downward trajectory. The downstream sectors, such as die-casting units and car production, are now...
NALCO’s net profit records a 93% surge Q-o-Q to INR 495 crore during the March quarter
National Aluminium Company Limited, an integrated aluminium company under the Ministry of Mines, has announced its financial results for FY2022-23. The company posted a net profit of INR 495 crore for the March quarter compared to INR 256.32 crore in the December quarter. That reflected an increase...
Imported aluminium scrap prices in India record significant changes W-o-W
Imported aluminium scrap prices in India have recorded significant changes recently. As per the data, this week, some grades of aluminium scrap grew to $55 per tonne, whereas specific grades saw a drop of up to $30 per tonne compared to the previous week. These price changes may be attributable to...
Top 5 countries driving the growth of the United States’ aluminium scrap exports
The growing demand for recycled aluminium for making beverage cans and other packaging to achieve sustainability has led to a significant rise in the United States aluminium scrap exports to different parts of the world. According to the last data revealed by US Census Bureau, the United States’...
Hindalco posts all-time high revenue at INR 2,232 billion for FY2023, but net profit shrinks 26%
Hindalco Industries Limited, one of India's biggest aluminium manufacturing companies belonging to the Aditya Birla Group, announced its fourth quarter and full-year results for the financial year 2022-23 ended March 31. The report indicated a 37.4 per cent year-on-year plunge in net profit to INR...
