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 continues to reduce aluminium wire rod & billet prices by INR11250/t with effect from April 26
Vedanta Limited has continued to cut its aluminium products and aluminium ingot prices, with effect from Tuesday, April 26. The company has reduced its aluminium wire rod price significantly by INR 11,250 per tonne or 3.8 per cent to INR 279,500- 287,000 per tonne. The last cut on April 21 brought...
Hindalco sharply cuts its aluminium wire rod price by INR11250/t in line with LME’s plunge by US$172/t
Hindalco Industries Limited has sharply cut its aluminium products and aluminium ingot prices, with effect from Tuesday, April 26, in line with the two back-to-back declines in LME aluminium benchmark price. Hindalco has slashed its aluminium wire rod price by INR 11,250 per tonne to sell the...
NALCO and MIDHANI CMDs meet AP Chief Minister to resolve infrastructure issues of aluminium alloy plant in Nellore
On Monday, April 25, NALCO CMD Sridhar Patra and MIDHANI CMD Sanjay Kumar Jha reportedly met the Chief Minister of Andhra Pradesh YS Jagan Mohan Reddy to apprise the problems related to infrastructure for setting up a high-end aluminium alloy products manufacturing plant in Nellore. On receiving...
KM Birla and AP Chief Minister inaugurate Grasim Industries’ Chlor-Alkali project
On Thursday, April 21, Y S Jagan Mohan Reddy, the Chief Minister of Andhra Pradesh, along with Aditya Birla Group Chairman Kumara Mangalam Birla, inaugurated the caustic soda manufacturing unit by Grasim Industries Limited at Balabhadrapuram in East Godavari district. In February 2019, Grasim...
Primarily aluminium weekly recap: India holds massive prospects for aluminium production as several applications will switch from steel; Indonesian coal miner Adaro Energy all set to enter the aluminium sector
The primary aluminium industry has witnessed a rise in LME aluminium by $US$39.5 per tonne on 21 st April 2022 and closed at US$3,302.5 per tonne. The Indian aluminium major, Nalco increased its aluminium ingot price by INR2100/t on April 21to sell it at INR 282,650-286,150 per tonne. The picture...
Odisha High Court directs Indian Railways to allocate rakes for coal carriage to Nalco
On 21 st April 2022, the High Court of Odisha directed the Indian Railways to allocate rakes for the carriage of coal to the Indian state-owned integrated aluminium company Nalco. According to a report it was stated that Nalco is countering the coal shortage challenge and Odisha Govt. will find a...
Vedanta slashes its aluminium ingot price by INR5500/t with effect from April 21
Vedanta Limited cut its aluminium ingot and aluminium products prices, with effect from Thursday April 21, soon after it raised the prices on the previous day. With effect from April 21, the company reduced its aluminium ingot price by INR 5,500 per tonne or 1.90 per cent to INR 283,250-330,750 per...
Log9 battery maker from Bengaluru announces an aluminium-ion cells manufacturing plant
Log9, a nanotech and battery specialist from Bengaluru has announced the plan for a manufacturing plant that would produce cells to ultimately power low-cost EVs, such as two and three wheelers. This would be the first of its kind in India. The company conducts heavy research and produces...
Odisha state govt. seeks to decode Nalco’s coal shortage
On 19 th April 2022, the Odisha state government stated that it will endeavour a discussion with Mahanadi Coalfields Limited (MCL), one of the major coal-producing companies in India to solve the dry fuel crisis. Prafulla Kumar Mallik, the state’s minister for Steel and Mines said, “I will hold...
Vedanta hikes its aluminium ingot price by INR6500/t with effect from April 20
Vedanta Limited has hiked its aluminium ingot and aluminium products prices on Tuesday, April 20, in response to the LME aluminium price growth. Vedanta has raised its aluminium ingot price by INR 6,500 per tonne or 2.30 per cent to INR 288,750-336,250 per tonne as against the increase of INR 1,250...
Aluminium foil import shortage escalates medicine prices in India
China struggling with its lab created virus Covid-19 is now unable to export raw materials used in pharmaceutical companies which is directly affecting the prices of medicines in India. Due to the disruption in trade, aluminium foils or sheet used in manufacturing medicine has gone very high on...
India’s aluminium scrap imports from US plunge 73% M-o-M and 53% Y-o-Y to 11,300 tonnes in Jan’22
India’s aluminium scrap imports from the United States recorded a sharp fall in January 2022 by 31,000 tonnes or 73.29 per cent month-on-month, found the US Geological Survey. From 42,300 tonnes in December 2021, India’s aluminium scrap imports from the US plunged to 11,300 tonnes in the preceding...
Odisha holds 76% of bauxite output in India, produces minerals worth INR 27,997cr
During the period 2020-2021, Odisha produced minerals worth INR 27,997 crore and had the biggest proportion of Bauxite and Iron Ore production in India. As per the Union Ministry of Mines, Odisha had 149 reporting mines in 2020-21. The state owns 76 percent of bauxite output and 51 percent of iron...
Vedanta slightly expands its aluminium wire rod & billet prices by INR1250/t on April 15
Vedanta Limited slightly expanded its aluminium products and aluminium ingot prices on Friday April 15, following a sharp cut of INR 13,000 per tonne on April 12. Since the latest increase, Vedanta is selling its aluminium wire rod price at INR 289750- 297250 per tonne, up by INR 1,250 per tonne or...
India’s Y-o-Y bauxite production boosts by 8.3% in February’22
According to the data shared by the government, India’s mineral production had heightened by 13.2% Y-o-Y from April to February 2021-22. In February 2022, around 2120 thousand tonnes of bauxite was produced, reflecting a year-on-year surge of 8.3%. On Thursday, April 14, the Ministry of Mines...
India holds massive prospects for aluminium production as several applications will switch from steel: Chairman, Vedanta
On 16 th April 2022, the Founder and Chairman of Vedanta Resources Limited, Anil Agarwal exclaimed for more deregulation in India’s defence sector and the corporatization of defence factories to develop the nation self-reliant in terms of arms and weapons production. India has 52 defence factories...
Attorney General pleads Supreme Court for more time to respond to the settlement suggestion over alumina bid discord between two Indian aluminium giants
On Tuesday the Supreme Court session commenced on a very serious allegation put down by Vedanta Ltd on National Aluminium Company Ltd (NALCO) the former pressing charges for non-compliance of the order dated January 14, 2020, due to which a three-judge bench allowed the plaintiff to bid for NALCO’s...
Vedanta sharply cuts its aluminium ingot price by INR13000/t w.e.f. April 12 after an intermittent raise
Vedanta Limited again chopped its aluminium ingot and aluminium products prices, with effect from Tuesday, April 12, following an increase on April 9. As per the revised prices revealed, Vedanta is selling its aluminium ingot at INR 281,000-328,500 per tonne, down by INR 13,000 per tonne or 4 per...
