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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US export of aluminium scrap for January 2022 reflects M-o-M plunge by 81.95%
The total amount of aluminium scrap exported for January 2022 stood at 32,300 tonnes. On a month-on-month calculation there was a downfall of 146,700 tonnes or 81.95 percent from 179,000 tonnes in December 2021 which further plunged by 29,000 tonnes or 13.94 percent from 208,000 tonnes in November...
IIT Madras walks to the future with polycentric knee, India’s first aluminium alloy-stainless steel prosthetic
Researchers from the Indian Institute of Technology (IIT) Madras, India’s premier technology and Research University have introduced the nation’s first-ever native polycentric prosthetic knee intending to simplify the lives of innumerable amputated individuals. Named, ‘Kadam’ (which means legs)...
Hindalco escalates its aluminium ingot price by INR4000/t with effect from April 9
Hindalco Industries Limited hiked its aluminium ingot and aluminium products prices on Saturday, April 9, following a sharp cut on the previous day. The major Indian aluminium player increased its aluminium ingot price by INR 4,000 per tonne to INR 293,750 per tonne, with effect from April 9. On...
Malta’s export of aluminium scrap during 2019-21 reveals unstable movement; 31% growth estimated for 2022
The smallest economy in the eurozone, Malta demonstrates a free market economy, which is heavily dependent on trade in both goods and services, primarily with Europe. The Maltese economy is a highly industrialised, service-based economy. However, it is classified as an advanced economy by the IMF...
SIG on eyeing India's rapid growing aluminium packaging market, mulling to invest in a new plant
SIG a leading aseptic carton packaging solutions provider from Switzerland revealed its intention to invest in a new plant in India. This move is brewing high hopes in the company since it has come under observation that India is one of the fastest growing markets for the packaging industry. But...
Vedanta lifts its aluminium ingot price by INR4000/t on April 9 in response to LME price rise
After a sharp cut of INR 7,250 per tonne across all the aluminium products on April 8, Vedanta Limited has lifted its aluminium prices, with effect from April 9. The company has increased its aluminium ingot price by INR 4,000 per tonne to INR 294,000- 341,500 per tonne on April 9 as against INR...
Vedanta Aluminium commences its fly ash supply journey to ACC Cement
India’s largest aluminium producer, Vedanta Aluminium freighted its introductory 4000-tonne fly ash consignment rake to one of the plants of Holcim India – ACC Cement, Chaibasa Cement Works to produce low-carbon cement. ACC ranks as India’s leading cement producer. The aluminium company stated that...
Vedanta’s aluminium wire rod and billet prices continue to see a cut of INR3000/t with effect from April 6
Vedanta Limited further cut its aluminium products and aluminium ingot prices for the third time in a row over about a week, with effect from Wednesday, April 6. Vedanta’s aluminium wire rod price saw a trim of INR 3,000 per tonne or 1 per cent to INR 301,500- 309,000 per tonne versus INR...
Gujrat Alkalies in a joint venture with Nalco sets up 800 TPD caustic soda plant
The shares of Gujrat Alkalies and Chemicals (GACL) witnessed a steep rise of INR 959, counting a surge of 7% at the Bombay Stock Exchange (BSE) on 2 nd April 2022 intra-day trade. Following the company announced their restricted outset of caustic evaporation unit (CEU) in collaboration with...
Gangavaram Port records milestone, loads 6559 tonnes of aluminium ingot
Gangavaram Port, the country’s deepest and most advanced port achieves yet another record-breaking milestone. The port staff loaded the most aluminium ingots in a single day, 6,559 tonnes of Aluminium ingots for the vessel SEACON MANILA at Berth No 1. This is a new national record for any Indian...
Vedanta to procure 580 MW of renewable energy, moving closer to achieve its Net Zero Carbon
Vedanta Limited, a globally diversified natural resources company announced on Thursday, March 31, that its board of directors had approved plans to procure 580 MW of renewable energy (RE) for the company's operations in India. This power source has the potential to prevent around 2.7 million...
Coal India’s fresh restrain of supply to CPPs may side-line the growth of the aluminium sector among other industries
Scarcity in the supply of coal is being witnessed in India for two years in a row since Coal India has restricted its deliveries to industrial customers to carry out smooth supplies to the power plants. The country is moving towards a mandatory demand peak due to summer but the fuel stockpiles are...
Vedanta cuts its aluminium prices for the second time in a new fiscal year, bringing ingot price to INR297000-344500/t
Vedanta Limited reduced its aluminium ingot and aluminium products prices for the second time in a row in the new financial year 2022-23. With effect from April 5, the company cut its aluminium ingot selling price by INR 4,250 per tonne or 1.4 per cent to INR 297,000-344,500 per tonne. On April 2,...
Metallurgical-grade alumina production in Africa & Asia edges a 7.6% hike during Jan-Feb 2022
In the first two months of 2022, alumina production in Africa & Asia totalled 2.224 million tonnes, with the output in February at 1.075 million tonnes, down by 6.44 per cent month-on-month, found the International Aluminium Institute’s data. In January, alumina production in Africa & Asia stood at...
Sansera Engineering in the vicinity to secure aluminium forging components supply deal from BMW Motorrad
The Bengaluru, India headquartered, a high precision component producer, Sansera Engineering is in the vicinity to bag its first order from BMW Motorrad worth around INR 300-400 crore towards the supply of aluminium forging components, according to the industry experts. However, the deal from the...
Hindalco targets to spend US$7.2 billion for aluminium business expansion
Over the next 5 years, Kumar Mangalam Birla owned Hindalco Industries Ltd. is aiming to invest up to US$7.2 billion in expanding its aluminium industry following the whooping increase in the price of aluminium due to the global supply bottlenecks and strong demand expectations. Hindalco Industries...
India’s parliamentary committee directs government to conduct faster environment clearances for new bauxite mines development
A committee of India’s parliament has recently noted that India is still far behind from exploring 80 per cent of its bauxite reserves, pointing out land acquisition issues, environment clearance and forest clearance as some of the prime constraints in the development of new bauxite mines....
Hindalco’s Taloja unit joins ASI as its new Production and Transformation member
On Tuesday, March 29, the Taloja Unit of Hindalco Industries Ltd. joined Aluminium Stewardship Initiative (ASI) as the new Production and Transformation member, raising the total count of ASI members to 218. Hindalco Taloja was launched in 1972 after being commissioned in 1971 with an installed...
