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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Hindalco increases its price cut rate to 3.25% bringing aluminium wire rod price to INR253350/t
Hindalco Industries Limited has continued to slash its aluminium products and aluminium ingot prices, with effect from May 10, 2022. This marks the seventh consecutive price cut by Hindalco since April 21. On May 10, Hindalco’s aluminium wire rod price has come in at INR 253,350 per tonne, down by...
Hindalco Hirakud-FRP plant joins ASI as new production and transformation member
Aluminium Stewardship Initiative (ASI) welcomed Hindalco Industries Ltd (HIRAKUD FRP) as its new production and transformation member. The Hindalco Hirakud-FRP Plant (Flat Rolled Product), located in Sambalpur, Odisha, approximately 325 km from Bhubaneswar, houses one of the country's most advanced...
TANSIDCO planning to set up aluminium die-casting facility at Chinnavedampatti
An aluminium high pressure die casting common facility centre (CFC) is planned for construction at Chinnavedampatti, by the Tamil Nadu Small Industries Development Corporation (TANSIDCO). The estimated cost for the same is expected to be 5.8 crores and will be deployed as part of the state...
United States monthly aluminium scrap imports from Mexico for February’22 shows continuous growth
As per the USGS data, US aluminium scrap imports from Mexico for February 2022 closed at 17,100 tonnes, which on a month-on-month calculation surged by 1,700 tonnes or 11.03 per cent from 15,400 tonnes in January 2022. For January 2022, a growth of 700 tonnes or 4.76 per cent was recorded on an...
Vedanta Aluminium names George English as Director of Value-Added Products
India’s largest producer of aluminium, Vedanta Aluminium announced the appointment of George English, in the position of Director - Value Added Products. Vedanta Aluminium operates one of the world’s leading single largest aluminium smelters in Jharsuguda, Odisha. George English carries with him...
Vedanta Limited reduces aluminium wire rod price by 1% with effect from May 6
Vedanta Limited further reduced its aluminium products and aluminium ingot prices on May 6, in response to the LME aluminium benchmark price fall. The company cut its aluminium wire rod price by INR 2,250 per tonne to INR 263,000 – 270,500 per tonne versus INR 265,250 -272,750 per tonne on May 5....
Dharmendra Pradhan in talks with Prahlad Joshi for transfer of aluminium over trucks
Shri Dharmendra Pradhan, India's Union Minister in conversation with Cabinet colleague and Coal Minister Pralhad Joshi, on Thursday, May 5, requested the centres' involvement in the transfer of aluminium through trucks in Angul and Kulad. He made Joshi familiar with the problems faced by the...
Odisha government to host a two-day event to showcase downstream investment opportunities at Angul Aluminium Park
The Odisha government has reportedly planned to host a two-day event - Advantage Angul, intending to showcase investment opportunities in downstream and ancillary industries of aluminium and steel sectors in Angul district, Odisha. The government has planned this event after Union Minister R P...
Vedanta’s aluminium wire rod & billet prices see a sharp downfall of INR10500/t with effect from May 4
Vedanta Limited further reduced its aluminium products and aluminium ingot prices, with effect from May 4, 2022, for the fifth consecutive time since April 23. According to the revised prices, Vedanta is currently selling its aluminium wire rod at INR 263,500-271,000 per tonne after cutting it by...
MRAI’s premier event to highlight the importance of recycling
Material Recycling Association of India (MRAI) to host the 9th IMRC conference from 5th – 7th May 2022 in Delhi at Leela Convention Centre, Shahdra, Delhi to address the growing concerns and discuss the roadmap to make India a green superpower by 2030. The conference is meticulously planned to...
Enray Solutions introduces self-powered dry-cleaning robots for solar panels
Enray Solutions from India has evolved a sovereign, dry cleaning robot which gains power from an attached PV panel and battery to maintain huge ground installed solar panels. Co-founder Rishabh Bhardwaj’s Enray Solutions offers the service of a self-sufficient, user-friendly robot to cleanse the...
Vedanta reduces its aluminium ingot price for the fourth time in a row by INR3000/t w.e.f. April 30
Vedanta Limited continued to reduce its aluminium ingot and aluminium products prices for the fourth time in a row since April 21. With effect from April 30, 2022, Vedanta cut its aluminium ingot price by INR 3,000 per tonne or 1.11 per cent to INR 266,500--302,200 per tonne. A day before, the...
Locally sourced ores can reduce Vedanta's cost of aluminium production by up to $300 per tonne: CEO
Mining major Vedanta is taking multiple steps this year to upgrade its margins, from increasing its portfolio of value-added products to sourcing raw materials from captive mines. During its recently completed fiscal year, the company had an EBITDA margin of almost 35%. The Indian multinational...
Alumina weekly recap: Rio Tinto and Innord Inc. come together for developing bauxite residues iron phase product; KM Birla and AP Chief Minister inaugurate Grasim Industries’ Chlor-Alkali project
The global alumina industry had witnessed limited but significant number of events. To begin with, Alpha HPA (A4N), based in New South Wales, Australia, has been awarded a $15.5 million grant from the Commonwealth Department of Industry, Science, Energy and Resources. Rio Tinto Plc has agreed to...
Vedanta cuts its aluminium ingot selling price by nearly 1% with effect from April 29
Vedanta Limited has further reduced its aluminium ingot and products prices, with effect from Friday, April 29, in line with back-to-back LME aluminium price drop. Vedanta has cut its aluminium ingot price by INR 2,500 per tonne or 0.9 per cent to INR 269,500-305,200 per tonne on April 29, while...
Hindalco trims its aluminium billets & wire rod prices by INR2500/t with effect from April 29
Hindalco Industries Limited has continued to reduce its aluminium products and ingot prices, with effect from April 29, albeit slower than the previous day. Hindalco has cut its aluminium billets price by INR 2,500 per tonne or 0.87 per cent to stand at INR 283,600 per tonne. On the last cut on...
Nalco's alumina export policy impacts domestic aluminium producers: IIVCC
According to the Indian Industrial Value Chain Council (IIVCC), the group representing the organizations involved in the industrial production and consumption supply chain activities across India stated that the state-owned integrated aluminium company Nalco, whose surfeit quantity of alumina...
India’s Reliance Industries signs agreement with TA’ZIZ for Ruwais chemicals project, focusing on Chlor-alkali
On 26 th April 2022, the Indian multinational conglomerate company, headquartered in Mumbai, Reliance Industries (RIL) and the Abu Dhabi Chemicals Derivatives Company RSC (TA’ZIZ) signed a shareholding agreement for a chemical project in Ruwais, Abu Dhabi. However, this development delivers high...
