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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Vedanta’s aluminium wire rod & billet prices experience a loss of INR3000/t on Dec. 20
Vedanta Limited has curtailed its aluminium products and aluminium ingot prices by INR 3,000 per tonne, with effect from December 20. That followed a cut of INR 2,750 per tonne in the previous week, December 17. With the latest cut, Vedanta’s aluminium wire rod price has come in at INR 230,000-...
Bauxite cargo evacuation at India's Mormugao Port halted due to protests by residents
According to our report, it has been confirmed since December 15 that the road transportation of bauxite and coal from the Indian state-owned Mormugao Port has been halted due to opposition from Vasco City inhabitants to the transit of these commodities due to pollution concerns. The port is now...
Recycled aluminium weekly recap: Hydro signs deal to supply low carbon aluminium for 2023 Mercedes-Benz models; Arfin India obtains $42.26 million aluminium deox supply deal from Saudi Arabia
Last week the recycling sector witnessed high potential initiatives, with Hydro announcing the low-carbon aluminium supply deal with Mercedes-Benz for the making of the German auto giant’s range of models from 2023. Pondy Oxides and Chemicals Limited have begun recycling and melting aluminium at...
Vedanta’s aluminium ingot price gains INR1250/t on December 16 as LME price grows slightly
Vedanta Limited’s aluminium ingot and aluminium products prices have rebounded on December 16 after a dip on the previous day. On Thursday, December 15, the company cut its aluminium ingot selling price by INR 1,250 per tonne to INR 228,250- 259,250 per tonne but added to same amount on the next...
Arfin India bags $42 million worth aluminium deox supply order from Saudi Arabia
The prominent name in the aluminium recycling and ferroalloys segment, Arfin India, witnessed stock price pick up following the company's announcement that it received an export order from the Saudi Arabia-Middle East steel plant to supply aluminium deox worth $42.26 million (INR 350 crore). The...
Vedanta launches its Sustainable Development report ‘Accelerating to Net Zero’ for FY2022
On National Energy Conservation Day, Vedanta Aluminium, the largest aluminium producer in India, released its Sustainable Development (SD) Report for FY 2021–22, titled 'Accelerating to Net Zero.' The report summarized the organization's performance concerning critical sustainability dimensions,...
Pondy Oxides and Chemicals Ltd accomplished the installation of a new facility for recycling aluminium
Pondy Oxides and Chemicals Limited has accomplished the installation of plant and machinery for the aluminium recycling/melting facility at its existing premises in Sriperumbudur, Tamil Nadu, India and gained the required regulatory approvals and thereby inaugurated its commercial production on...
Balco explores the use of biodiesel across its plant operations to reduce carbon emissions
India’s iconic aluminium producer and a subsidiary of Vedanta Aluminium, Bharat Aluminium Company Limited (BALCO), is exploring biodiesel applications across plant operations to decarbonize emissions. The business initially uses it as fuel for specialist vehicles used for plant-wide mobility. When...
Vedanta curtails its aluminium wire rod & billet prices by 2% with effect from December 13
Vedanta Industries Limited has curtailed its aluminium products and aluminium ingot prices by 2.2 per cent or INR 5,500 per tonne, with effect from December 13, bringing the aluminium wire rod price to INR 235,750- 243,250 per tonne. Prior to this, the last revision of price was on December 6 when...
Top 10 investments in the downstream aluminium sector for 2022
The increasing demand and use of aluminium across the globe in various industries like construction, packaging, and transportation shows that the incorporation of this silvery-white is widespread and evolving daily. The downstream segment also witnessed significant investments and enthusiastic...
Vedanta expands its aluminium ingot price by INR4500/t on December 6
Vedanta Limited continued to increase its aluminium ingot and aluminium product prices on Tuesday, December 6. The company expanded its aluminium ingot price by INR 4,500 per tonne or 1.96 per cent to sell the products at INR 233,750-264750 per tonne. On December 3, the price had settled at INR...
Vedanta Aluminium, Manufacturing for the Future
The momentum of the global transition to clean technologies is fast increasing in response to the pressing need for urgent climate action and sustainable lifestyles. This is evident in the commitments to Net Zero and Sustainable Development Goals made by several countries and organizations...
Vedanta’s aluminium wire rod price sees a dip of INR1500/t with effect from December 3
Vedanta Limited trimmed its aluminium products and aluminium ingot price by INR 1,500 per tonne on Saturday, December 3. That brought the company’s aluminium wire rod price to INR 235,250-242,750 per tonne versus INR 236,750-244,250 per tonne on December 2. With the latest cut, Vedanta’s aluminium...
Downstream weekly recap: Odisha Chief Minister lays ground for Vedanta’s mega aluminium park; Equispheres Inc. collaborates with Morf3D to develop new high-performance aluminium powders
Equispheres Inc. supports the contented brains that created all inventions that revolutionised the additive manufacturing sector. Recently, it collaborated with Morf3D to identify fresh, high-performance aluminium powders that boost the efficiency and performance of the metal additive manufacturing...
Primary aluminium recap: IAI welcomes Greek integrated aluminium organisation MYTILINEOS as a new member; Primary aluminium production in Russia & Eastern Europe improves 4% MoM during Oct’22
The International Aluminium Institute (IAI) announced on November 28 that MYTILINEOS had successfully enrolled as a member of its organisation. By issuing membership certificates, the IAI, founded in 1972, unites international bauxite, alumina, and aluminium firms from all the key producing...
Odisha ranks first in India’s upstream aluminium production and will soon be first in downstream products: Dr TK Chand
A sectoral session on the metal, downstream, and auxiliary industries was held on the Make in Odisha Conclave's second day. More than ten top industry leaders addressed a sizable crowd of business titans, policymakers, investors, and many more. The Minister of Industries, Energy and MSME, Pratap...
End-user weekly recap: Ball Corp. and O’cean partnership to produce energy drinks in recyclable aluminium cans, Cellnex tests the capacity of Phinergy batteries passing it for use in its Spanish unit
The end-user sector has been bustling with activities this week, with Ball Corporation announcing a partnership with O’cean, wherein the former would provide the beverage company with aluminium cans to pack their flagship energy drink. This was made clear by a social media post by Virat Kohli, and...
FIMI's pre-budget proposal to the Finance Ministry, abolition of export duties on bauxite
The Indian apex body promoting the interests of all mining companies, the Federation of Indian Mineral Industries (FIMI), has called for the withdrawal of export duties on bauxite, stating that the move will lead to the optimal exploitation of low-grade mineral resources by facilitating the...
