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 Aluminium signs contract with GEAR India to install lithium-ion forklifts at Jharsuguda smelter
According to a recent report, Vedanta Aluminium Business has entered into an agreement with GEAR (Gemini Equipment and Rentals Private Limited) India to install one of the largest fleets of lithium-ion battery-powered electric forklifts. Vedanta is the first in Indian aluminium industry to...
India: Lightweight coaches made of aluminium to be used in Vande Bharat Express Train
The Indian Railways are planning to run the Vande Bharat Express Train with lightweight aluminium carriages. This high-tech train's speed will be increased with the inclusion of these unique carriages. The production of these lightweight coaches is underway. According to sources, the Centre will...
Vedanta’s aluminium production in Q3 chalks up rise by 16%
On 3 rd January 2022, the largest producer of aluminium in India, Vedanta declared that cast metal aluminium production at its smelters stood at 579,000 tonnes in Q3 of the current financial, documenting a rise of 16%. While filing to the BSE, the company stated: “The cast metal aluminium...
China’s aluminium foil exports improve 2% M-o-M to 114,700 tonnes in November 2021 as demand in India rebounds
According to China customs data, China exported 114,700 tonnes of aluminium foil in November 2021, which reflected a month-on-month increase of 2 per cent and a year-on-year rise of 13 per cent. Jiangsu, Zhejiang, Shanghai, Henan, Shandong ranked top in November, exporting more than 10,000 tonnes...
NALCO chairman Sridhar Patra anticipates supply-demand gap to increase in 2022
According to Sridhar Patra, the chairman and managing director of NALCO, the supply-demand mismatch in the aluminium market is expected to grow in 2022. Aluminium prices have swung wildly in the last year, rising 42% for the year despite a 12% drop from their peak. In 2021, the stock price of...
Top Newsmakers for December 2021: Romania’s Alro slash production at the aluminium smelter, intent for total close down; Aluminium Dunkerque reduces metal output due to rise in power price
The month of December and also the year 2021 ended and the global aluminium industry welcomed the New Year 2022 with a lot of hope and desire. However, the month of December 2021 documented some very important decisions floated by various industry giants. The Romanian aluminium producer, Alro's...
Indian researchers develop industry-standard model for aluminium gallium nitride HEMT
The Indian scientific researchers have developed a high-calibre industry-standard model for aluminium gallium nitride (AlGaN/GaN) High Electron Mobility Transistors (HEMTs) with mere design technique that can be utilized to make high-power Radio Frequency (RF) circuits acceding to its high...
Hindalco Industries’ aluminium wire rod price sees a slash of INR3750/t with effect from December 30
Hindalco Industries Limited has slashed both of its aluminium wire rod and billets prices, with effect from Thursday, December 30. The company’s aluminium wire rod price has witnessed a cut of INR 3,750 per tonne to stand at 256,600 per tonne, as against INR 260,350 per tonne on December 25....
AAI seeks govt for not imposing anti-dumping duty on caustic soda import
“At this juncture with revival of economy and post pandemic industrial activity back on track, any further restriction on one of the major raw materials for Aluminium will hamper the economic viability of Indian Aluminium industry to the extent of closure of operations thereby affecting the overall...
AAI calls on govt. support for custom duty cutback on critical raw materials in the upcoming Union Budget
To boost cost competitiveness in the sector, the domestic aluminium industry has sought a decrease in basic customs duty and a correction in the inverted duty structure on important raw materials such as pet coke, caustic soda, aluminium fluoride, and alumina. The Aluminium Association of India...
Aluminium sector to confront shortage of dry fuel as centre prioritizes power sector
The non-power sector consumers of coal are expected to confront a shortage of dry fuel in January, as the centre continues to prioritise supply to the power sector. The decision of the Central government to prioritize the supply of coal for thermal power plants since July has raised concern among...
India imposes anti-dumping duties on five Chinese products including aluminium
The Indian government took measures to safeguard the domestic producers from cheap imports from the neighbouring country by imposing anti-dumping duties on five Chinese products, including specific aluminium goods among others. Under a discrete notification of the Central Board of Indirect Taxes...
India Govt. may slash import duties on aluminium and other commodities: Sources
The government of India may ponder slashing import duties on products like aluminium, steel, copper, etc. in the budget to dispense some relief to SMEs that have been heavily impacted by the escalation of input costs, as reported by two industry experts aware of this development. The experts also...
India’s leading non-ferrous metal scrap company ‘Nupur Recyclers’ IPO listed on NSE Emerge platform
The leading name in India’s importation ground of non-ferrous metal scrap such as aluminium Zorba grades among other scrap metals, Nupur Recyclers has settled the share allotment for its initial public offering (IPO). On 23 rd December 2021, Nupur Recyclers has listed on a premium of 23.33% at the...
Vedanta aluminium smelter expansion plan obstructed by ‘Odisha High Court’ on environmental ground
The leading aluminium producer of India, Vedanta’s aluminium smelter expansion plan in Jharsuguda has been obstructed by Odisha High Court on the environment clearance grounds. The mining and metal company based in India is projected to augment its annual production capacity from 16 lakh MT to 18...
Indian scientists make headway for an eco-friendly process to enhance the anti-corrosiveness of high-strength aerospace aluminium alloys
Indian scientists have succeeded in developing an environment-friendly process for enhancing the anti-corrosive feature of high-strength aerospace aluminium alloys. The aerospace, automobile and marine sector globally utilizes aluminium alloys as applications precisely for its strength-to-weight...
Adani Group to invade aluminium sector, all set to establish aluminium smelter and alumina refinery
The Indian multinational conglomerate, headquartered in Ahmedabad, Gujrat, Adani Group, led by billionaire businessman Gautam Adani is all set to invade into the business of establishing up an aluminium smelter and alumina refinery. On 18 th December 2021, the flagship company of Adani Group, Adani...
Primary aluminium weekly recap: Ministry of mines recommends 10% import duty on primary aluminium products; Shortage of global primary aluminium supply during Jan-Oct'21
One of the major highlights that grabbed the attention of the primary aluminium industry this week was the written recommendation by India’s ministry of mines for the raise of import tariff on primary aluminium products. Early this week, the ministry of mines recommended the ministry of finance to...
