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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India’s aluminium scrap imports from US decline for the second straight month by 2% in Oct’22
India’s aluminium scrap imports from the United States continued to decline in October 2022 by 2.39 per cent or 1,000 tonnes month-on-month to peg at 40,800 tonnes, found the US Census Bureau data. In September 2022, India’s aluminium scrap import volume decreased by 9.33 per cent or 4,300 tonnes...
Vedanta’s aluminium products prices witness a 2% hike with effect from January 14
Vedanta Limited lifted its aluminium products and aluminium ingot prices by INR 4,500 per tonne on Saturday, January 14. That brought the company’s aluminium wire rod price to INR 243,000-250,500 per tonne versus INR 238,500-246,000 per tonne on January 12. With the latest hike, Vedanta’s aluminium...
Wheels India crafts aluminium wheels with flow form technology for US market
Automobile wheel manufacturer from Chennai, Wheels India Ltd, on January 16, declared that it has commenced the export of wheels created by the flow form technology to suffice the requirements of the US market. The company has illustrated that this flow form technology incorporates the utilisation...
Guyana's new vehicle parts manufacturing facility will include NBR’s aluminium radiator condenser
The Guyana Manufacturing and Services Association (GMSA) and India's NBR Cooling Systems Pvt Ltd signed a Memorandum of Understanding (MoU) on Thursday, January 12, establishing a new manufacturing/assembly facility in Guyana that will concentrate on the engine cooling systems for motor vehicles....
Epsilon Carbon lays the foundation stone for its second phase expansion project
India's only backwards integrated Carbon company with a fully dedicated source of raw materials, Epsilon Carbon, is set to begin its second phase of expansion. The team got together to perform the laying of the foundation stone ceremony. It's a significant progress milestone for the company as it...
TAHA’s groundbreaking technology export lauded at industry sustainability forum
The Kingdom of Bahrain’s first forum for sustainable technology exports, “Export of Transformational Industries and Their Role in Promoting Global Environmental Sustainability”, was held under the patronage and in the presence of The Kingdom of Bahrain’s Minister of Industry and Commerce, His...
INR 700 crores to be raised through NCDs by Hindalco Industries
The world's largest aluminium flat-rolled products maker and aluminium recycler, Hindalco Industries' board has approved fundraising of up to INR 700 crore by issuing non-convertible debentures (NCDs) on a private placement basis. Hindalco Industries stated while filing in the exchange, "The...
Hindalco’s aluminium ingot price further accumulates INR5000/t on January 11
Hindalco Industries Limited has hiked its aluminium ingot and aluminium products prices for the second day in a row on January 11, 2023. With the recent price rise, the company’s aluminium ingot price has come in at INR 226,750 per tonne per tonne, up by INR 5,000 per tonne or 2.25 per cent from...
IOC Phinergy Ltd to build the first-ever full ecosystem in Aluminum—Air battery in India
Indo-Israeli JV IOC Phinergy Limited (IOP) is establishing the first-ever full ecosystem for Aluminum-Air battery in India, including R&D, manufacturing and associated services. This project will lead India’s dream to inspire more people to adopt electric vehicles (EVs) to reduce dependence on...
Ball recycles 300,000 aluminium cans through Virat Kohli’s O’cean collaboration
USA’s most reliable aluminium products manufacturer, Ball Corporation, has successfully accumulated and recycled almost 300,000 aluminium cans branded under the O’cean Sustainable Energy drink. The programme is an extended part of the everlasting collaboration of O’cean Beverages with iconic Indian...
AAI wants the government to reduce customs duty on raw materials
To scale up production capacities and adequately meet the increase in demand, the Aluminium Association of India (AAI) said on Tuesday that an investment of roughly INR 4 lakh crore would be needed. By 2030, India's demand for aluminium will increase exponentially from the current 4 million tonnes...
Vedanta Ltd lifts its aluminium ingot price by INR7,750/t with effect from January 10
Vedanta Limited has lifted its aluminium ingot and aluminium products prices by INR 7,750 per tonne, with effect from Tuesday, January 10. That has brought the company’s aluminium ingot price to INR 222,750-253,250 per tonne versus INR 215,000-245,500 per tonne on January 7. Vedanta’s aluminium...
Hindalco recognizes Presezzi Extrusion’s outstanding performance in challenging times
Hindalco, one of the world’s most integrated Aluminium Product Producers, has placed the order for three state-of-the-art extrusion lines with Presezzi to be delivered and commissioned during 2022 and early 2023. Despite severe supply chain disruptions, Presezzi delivered the first extrusion line...
Downstream weekly recap: Craftsman buys 76% share in DR Axion India at INR 3.75 billion; Xingfa Aluminium acquires 4% stake in Guangdong Province Trading
This week noted some crucial developments in the aluminium downstream industry, from Craftsman Automation Ltd.’s investment announcement of INR 3.75 billion to purchase a 76 per cent share in DR Axion India Pvt to Kaiser Aluminium’s 2021 Sustainability Report. Besides, Romanian aluminium components...
Vedanta lifts its aluminium ingot price by INR1250/t on January 6 after a slash on the previous day
Vedanta Limited has increased its aluminium ingot and alumium products prices, with effect from Thursday, January 6, following a slash last day. On January 6, Vedanta’s aluminium ingot price has seen a rise of INR 1,250 per tonne to peg at INR 217,500-248,000 per tonne. On January 5, the price...
Craftsman allots INR 3.75 billion for 76% share in car component maker DR Axion
Craftsman Automation Ltd., a leading aluminium components producer from India, has declared an investment of INR 3.75 billion to purchase a 76% share in DR Axion India Pvt, another aluminium automotive parts-making firm in Tamil Nadu. This was revealed in an exchange filling, and it is estimated...
Lower export duties could boost India's bauxite mining and export earnings: FIMI
The all-India apex body to promote the interests of all mining, mineral processing, and metal-making industries, the Federation of Indian Mineral Industries (FIMI), has requested the removal of bauxite export duties, citing optimal utilisation of low-grade mineral resources as the move will speed...
Vedanta’s aluminium ingot price sees a cut of INR1750/t on January 4
Vedanta Limited has reduced its aluminium ingot and aluminium products prices with effect from Wednesday, January 4. The company’s aluminium ingot price has seen a cut of INR 1,750 per tonne, reaching INR 223,750-254,250 per tonne versus INR 225,500-256,000 per tonne on January 3. Vedanta’s...
