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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Titagarh Wagon manufactured aluminium coaches deployed for Pune Metro
On 26 th March 2022, Titagarh Wagons hailing from the eastern state of India, West Bengal deployed its first aluminium bodied metro train coaches for the Pune Metro rail Project. The Secretary of the Ministry of Housing and Urban Affairs (MoHUA) and the chairman of Maharashtra Metro Rail Corp,...
Primary aluminium weekly recap: US, UK end their 4 year-long aluminium and steel tariff dispute; India’s domestic coal supply to aluminium smelters decline further
The world's primary aluminium segment witnessed a lot of sporadic but evident changes this week. On the market forefront, the benchmark aluminium SHFE price had been trending downward this week, except for a few infrequent rises. The LME aluminium benchmark price on Monday, March 21 had moved up by...
Nalco bags Golden Peacock Award in the category of sustainability
The Indian state-owned integrated aluminium company NALCO (National Aluminium Company Ltd) has been awarded as the national winner of the ‘Golden Peacock Award’ for its sustainability in commendation of its persistent concern on sustainable mining and environment-friendly executions. On 23rd March...
India’s domestic aluminium smelters receive lowest coal rakes since September, pushing the country more to imports
India’s domestic coal supply to aluminium smelters record further decline with railway rakes supplying coal at the lowest rate since September, while the energy crisis appeared at its peak. This, as a consequence, has compelled the country’s aluminium industry to import more amid rising cost...
Vedanta Aluminium recycles 14 billion litres of water aiming at optimising water consumption across value chain
According to a report on Tuesday, March 22, India’s largest aluminium producer Vedanta Aluminium Business has recycled 14 billion litres of water as of January FY2022, following its own robust Water Management Policy. As part of the commitment to fulfil water sustainability goals, Vedanta strives...
AAI writes to PM requesting immediate resumption of coal supply for captive power plants
Owing to the sudden decision by Coal India to further restrict coal deliveries to the non-power sector via road and rake, with no prior warning, causing huge scarcity of coal rakes for industries now expanding to road-based deliveries. The Aluminium Association of India (AAI) has written to the...
Hindalco trims its aluminium wire rod and billets prices by INR3250/t w.e.f. March 18
Hindalco Industries Limited again reduced its aluminium products and aluminium ingot prices, with effect from March 18, following an intermittent rise on March 17. The company’s aluminium wire rod price was cut by INR 3,250 per tonne on March 18 from INR 299,600 per tonne to INR 296,350 per tonne....
Downstream products weekly recap: Speira picks Wipro as technology partner; Gränges sustainability progress attained competent breakthrough in 2021
Compared to the last week, this week the downstream sector of the aluminium industry witnessed much low incidental happenings. From the market point of view, there had been repeated decline in price. From aluminium billet to Hindalco price, the prices recorded had witnessed a significant drop, the...
Hindalco’s aluminium ingot price builds up by INR6750/t on March 17 as LME price rallies
After two consecutive days of cut this week, Hindalco Industries Limited increased its aluminium ingot and aluminium products prices on Thursday, March 17, relating to the recovery in LME aluminium benchmark price. Hindalco raised its aluminium ingot price by INR 6,750 per tonne to INR 288,500 per...
India Govt. flags up for anti-dumping duty continuance on Chinese aluminium foil
The Ministry of Commerce, Govt. of India has commended for carrying on of anti-dumping duty on imports of Chinese aluminium foil, which are primarily consumed and used in food and pharma sectors, for five years to safeguard national manufacturers from low-cost imports. Directorate General of Trade...
Hindalco’s aluminium wire rod & billets prices decline by INR15500/t in response to bearish LME price
In response to the sharp fall in LME aluminium benchmark price by US$181.50 per tonne on March 15, Hindalco Industries Limited has slashed its aluminium ingot and aluminium products prices, with effect from March 16. Hindalco’s aluminium wire rod price has experienced a cut of INR 15,500 per tonne...
Lohardaga bauxite dumping yard workers disquieted of being unwaged
The local political leaders of the opposition party attended the meeting of workers at the Lohardaga Bauxite Dumping Yard in the Indian state of Jharkhand. The workers who were working in the dumping yard informed the attended political party under the leadership of Anil Oraon that the bauxite...
Odisha govt. needs to resolute the coal crisis: Dr TK Chand, former CMD of Nalco
On 11 th March 2022, Dr Tapan Kumar Chand, the former Chairman and Managing Director of Nalco and presently the President of Vedanta’s Odisha and Chattisgarh aluminium operations stated that the state government of Odisha needs to step up to resolute the coal crisis. Following the challenge of the...
Primary aluminium weekly recap: NALCO’s aluminium ingot price sees 12% growth in line with LME aluminium new high; Lord Barker steps down as En+ Group chairman
Sanctions on Russia for its invasion of Ukraine, resulting in supply disruptions and metal price rally, has been occupying the news headlines in the global aluminium industry for over a week now. This week, the LME aluminium benchmark price touched a new high US$3,984.50 per tonne on March 7 but...
Prime Minister of India flags Pune Metro; rides in the first aluminium coach manufactured by Titagarh Wagons
The forerunner company of Titagarh Group, Titagarh Wagons Limited had secured the order for 34 Metro trains having 3 coaches each by the Maharashtra Metro Rail Corporation for the city of Pune, located in the western Indian state of Maharashtra. However, the initial Metro train produced by Titagarh...
India’s aluminium scrap imports from US record quarterly growth of 18% in 4Q2021 despite M-o-M downfall during Oct.-Dec.
India’s aluminium scrap imports from the United States in December 2021 edged a downfall of 6,600 tonnes or 13.50 per cent month-on-moth to stand at 42,300 tonnes, found the US census bureau data. In November, India’s aluminium scrap imports were at 48,900 tonnes from the US, down by 13.30 per cent...
Hindalco’s aluminium foil manufacturing plant in Mouda bags ASI Performance Standard certification
Aluminium Stewardship Initiative has certified Hindalco’s Mouda aluminium plant near Nagpur, Maharashtra, against the Performance Standard for sustainable and responsible casting and rolling operations and sourcing and stewardship of aluminium. Hindalco’s Mouda aluminium plant manufactures...
Supply disarray due to Russia-Ukraine combat can be a golden opportunity for the Indian metal market
On 2 nd March 2022, the Indian stock market demonstrates the upward movement of the share prices of the Indian metal companies in a weak market, following the Russia Ukraine combat, which generated opportunities for the metal firms to boost their export, as imposed sanctions and intensifying ties...
