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 expands its aluminium ingot price by 2% with effect from August 24
Vedanta Limited has expanded its aluminium ingot and aluminium products prices for the two back-to-back days, with effect from Wednesday, August 24. The company has increased its aluminium ingot price by INR 4,500 per tonne or 2 per cent to INR 224,750- 254,250 per tonne. On the previous day, the...
Hindalco builds India’s first all-aluminium railway rake, says Kumar Mangalam in 63rd AGM
On Tuesday, August 23, Mr Kumar Mangalam Birla announced in the 63rd Annual General Meeting of Hindalco Industries that the company developed India’s first all-aluminium railway wagon. The railway rake made from lightweight, high strength aluminium alloys is 180-190 tonnes lighter than a steel...
Vedanta’s aluminium ingot price gains INR1250/t on August 23 after two cuts in a row
After the two consecutive cuts, Vedanta’s aluminium ingot and products prices have seen a slight rise on Tuesday, August 23. The company has increased its aluminium ingot price by INR 1,250 per tonne to INR 220,250-249,750 per tonne, following a reduction of INR 2,500 per tonne on August 20 to INR...
Forging industry in India's most industrialized state is facing challenges due to rising material costs
The forging industry in India's largest industrialized state, Tamil Nadu, is encountering a challenging phase as the cost of production materials like aluminium and steel and fuel has soared. Despite a revival in demand, the industry faces higher expenses and difficulty obtaining raw materials....
Primary aluminium weekly recap: Sichuan power crisis reduces aluminium capacity by 395,000 tonnes; Fourth integrated aluminium industry may emerge in India
The global primary aluminium segment witnessed some important events this week. To begin with, by the end of September 2022, Slovalco Aluminium will shut down its primary aluminium manufacturing line. The Adani Group, backed by Indian billionaire Gautam Adani, revealed a $5 billion investment plan...
Downstream weekly recap: Mahindra to launch Scorpio Classic with all-aluminium engine block sheds 55 kg; 100% renewable energy to power Hydro's aluminium extrusion facility in the US
This week the global aluminium downstream sector witnessed limited but significant events. To begin with, Mahindra Group announced the launch of its flagship Scorpio Classic featuring an all-aluminium engine block. With this, it can be highly touted that aluminium is definitely the metal of the...
Vedanta’s aluminium wire rod & billet prices shrink by INR3000/t on August 18 after an intermittent raise
Vedanta Limited again reduced its aluminium products and aluminium ingot prices on August 18 after an intermittent raise on August 17. Vedanta cut its aluminium wire rod price by INR 3,000 per tonne or 1.29 per cent to INR 229,000-236,500 per tonne as of August 18 versus INR 232,000-239,500 per...
Fourth integrated aluminium industry may emerge in India
Last week, Indian billionaire industrialist Gautam Adani-led Adani Group announced an investment proposal of around $5 billion to build an alumina refinery in the country. However, the Ahmedabad-based multinational conglomerate plans to construct more than just a giant alumina plant. Our report...
Switch Mobility to launch India’s first EV double-decker bus with a light aluminium framework
On August 18, the innovative, carbon-neutral electric bus and lightweight automobile brand Switch Mobility has revealed India’s first electric double-decker bus, called Switch EiV 22. The bus features a lightweight aluminium outer body shell that downsizes the actual weightage of the bus, keeping...
BALCO achieves a name as India’s iconic aluminium producer through a 58-year journey of dedication & commitment
This year India has celebrated ‘Azadi ka Amrit Mahotsav’, commemorating the completion of 75 years of its independence. This milestone in our national history has paved the way for an Industrial Revolution within our nation, founded on the dreams of the architects of independent India to make it...
Vedanta’s aluminium ingot price experiences a raise of INR4500/t after two consecutive declines
After two consecutive cuts on August 13 and August 16, Vedanta Limited has raised its aluminium ingot and aluminium products prices on Wednesday, August 17. The company’s aluminium ingot price has accumulated INR 4,500 per tonne to hover around INR 224,500-254,000 per tonne versus INR...
Vedanta cuts aluminium wire rod & billet prices for the second time in a row by INR6750/t on Aug. 16
Vedanta Limited has reduced its aluminium products and aluminium ingot prices for the second time in a row, with effect from Tuesday, August 16. The company has slashed its aluminium wire rod price by INR 6,750 per tonne to sell the product at INR 227,500-235,000 per tonne. On August 13, Vedanta’s...
Mahindra to launch Scorpio Classic with all-aluminium engine block sheds 55 kg
Mahindra Group, an Indian billion-dollar enterprise, is launching a new version of its flagship Scorpio Classic with an all-aluminium engine block that weighs 55 kg less than its predecessor. As a result of the weight shedding and other advancements, the Scorpio Classic now offers 14% better fuel...
Primary aluminium weekly recap: India’s Nalco reports 61% leap in net profit for FY23; Hindalco’s Q1 PAT exceeds the previous quarter to reach a new high at INR4119 crore
This week, the global primary aluminium segment was about top companies announcing their financial results. To begin with, Aluminium Bahrain B.S.C. (Alba) reported that during Q2 and H1 2022, the aluminium smelter outside China reported a 97 per cent increase in net profit to BD181.9 million...
Bharat Forge posts a net profit of $20 million in Q1 FY23 despite underperformance from the North American aluminium forging facility
On 11th August 2022, during a regulatory filing, Bharat Forge, the Indian multinational auto component manufacturer, reported a consolidated net profit of INR 160.37 crore ($20.12 million) for Q1 FY23. However, the company posted a consolidated net profit of (INR 152.75 crore ($19.16 million) in...
Downstream aluminium weekly recap: G.A.Röders GmbH prepares for temporary closure owing to European gas crisis; Hero introduces indigenous high-end bicycle parts producing unit in e-cycle valley
Downstream products merge to form various end-user utility items or structures, maintaining a steady rush in the sector. The prevailing crisis between Beijing and Canberra has forced Capral Australia to pose a direct inquest for a new anti-dumping policy against Chinese aluminium extrusions as they...
Vedanta’s aluminium ingot price builds up by INR3000/t on August 12 after a cut on the previous day
Vedanta Limited has revised its aluminium products and aluminium ingot prices for the three consecutive days this week since August 10. Following the price growth on Wednesday, August 10, Vedanta trimmed its aluminium ingot price by INR 2,500 per tonne the next day, August 11, to INR...
Hero inaugurates its first high-end bicycle parts unit in eCycle Valley to curtail Chinese imports
Hero Motor Company’s sister concern, Spur Technologies, announced opening its first manufacturing unit for making indigenous bicycle components to compete with the cheap Chinese imports at Dhanansu e-cycle valley on August 11. The chairman and managing director of Hero Cycles, Pankaj Munjal, stated...
