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 Industries acquires global aluminium giant Hydro’s aluminium extrusions business in India
On 17 th December 2021, the leading player in the extrusions industry in India, Hindalco Industries Limited inked a definitive agreement to acquire global aluminium giant Hydro’s aluminium extrusions business in India for INR 247 crore. The world’s largest aluminium rolling and recycling company...
Hindalco hikes its aluminium billets price by INR3250/t w.e.f. December 17 after two back-to-back cuts
After the two consecutive days of decline, Hindalco Industries’ aluminium products and its aluminium ingot prices have seen a hike with effect from Friday, December 17. The company’s aluminium billets price has witnessed an increase of INR 3,250 per tonne to INR 248,850 per tonne. On the previous...
Hindalco Industries back-to-back reduces aluminium ingot price by INR2750/t in line with LME aluminium price slump
Hindalco Industries Limited has reduced its aluminium ingot and aluminium products prices back-to-back, with effect from Thursday, December 16. After a cut of INR 2,750 per tonne on December 15, Hindalco’s aluminium ingot price sees another slash of the same amount on December 16 to stand at INR...
Hindalco hikes its aluminium billets and wire rod prices by INR5250/t or 2% with effect from December 14
Hindalco Industries Limited has further increased its aluminium products and aluminium ingot prices, with effect from Tuesday, December 14, after the last hike nearly a week ago on December 8. Hindalco’s aluminium wire rod price has climbed by INR 5,250 per tonne or 2.16 per cent to stand at INR...
India: Ministry of mines recommends additional 10% import duty on primary aluminium products
India’s ministry of mines has reportedly recommended the ministry of finance to raise the import tariff on primary aluminium products, such as ingots and billets, from the existing 7.5 per cent to 10 per cent. The news came after industry sources said on Friday, December 10. “Earlier this week,...
Odisha alone possesses 51% of the country's 3,897 MT of bauxite deposits; Advantageous for aluminium companies in India
Compared to the aluminium smelters in West Asia, which benefit from low-cost natural gas, and those in Europe and Canada which benefit from hydropower, India's white metal production is solely dependent on significantly more expensive coal-fired energy. However, this country has a distinct edge...
Minda Industries approves capex of INR 74 crore for Minda Kosei Aluminum Wheel plant in Gujarat
On 10 th December 2021, the board of auto components maker Minda Industries at its meeting has approved Capex of INR 74 crore for the Minda Kosei Aluminum Wheel plant in Gujarat. The auto wheel manufacturer Minda Kosei has proposed expansion of its Gujarat plant production capacity from 90,000 to...
Primary aluminium weekly recap: Aluminium sector remains worst hit due to plunge in coal supplies to CPP; High energy price to cause KAP aluminium smelter shut down
The global primary aluminium industry this week saw a few major updates such as the appointment of Sayed Salah Sayed Aqeel by the first aluminium smelter in the Gulf region Aluminium Bahrain B.S.C (Alba) as a new Acting Manager for Environment, Social and Governance (ESG). To strengthen Alba’s ESG...
Vedanta Aluminium partners with IDCO to set up an Aluminium Park in Jharsuguda
On Tuesday, December 7, Vedanta Aluminium Business, a branch of Vedanta Limited, one of the leading aluminium manufacturers in India, invited aluminium companies to the Enterprise Odisha 2021 event. The offer is to become a partner in the company's aluminium park project in Jharsuguda, Orissa....
NALCO, Hindalco & Vedanta’s shares rise on India’s anti-dumping duty announcement on aluminium flat rolled products from China
Shares of three notable aluminium makers recorded higher in trade, followed by the Central Government’s announcement of the imposition of anti-dumping duty on select aluminium products imported from China. National Aluminium Company’s share was traded higher by 5.77 per cent, Hindalco Industries...
Hindalco’s aluminium wire rod and billets prices cut by INR3000/t with effect from December 7
Hindalco Industries Limited has reduced its aluminium products and aluminium ingot prices for the second time in a row, with effect from Tuesday, December 7. Hindalco’s aluminium wire rod price has seen a cut of INR 3,000 per tonne from INR 243,600 per tonne on December 4 to INR 240,600 per tonne...
Aluminium sector remains the worst hit due to plunge in coal supplies to CPP: ICPPA
On 6 th December 2021, the industry body Indian Captive Power Producers Association (ICPPA) said that coal supplies to captive power plants (CPP) have nosedived to 40%-50% of the requirement, while the aluminium sector is among the worst hit due to the hardship and if permitted to nettle it propels...
Fight against COVID, India’s KAISHA Packaging supplies flip-top aluminium seals for two billion doses of vaccines globally
The Mumbai, India based pharma-packaging house, KAISHA Packaging has successfully delivered over 2 billion doses worth of flip-top aluminium seals used for packaging COVID vaccines. The aluminium seal is used as a closure for injection vials during the vaccination drive and is one of the vital...
BALCO receives two CII Energy Conservation Awards 2021 for best energy management at its power plants
Bharat Aluminium Company Limited, India's leading aluminium producer, has recently bagged two CII Energy Conservation (ENCON) Awards 2021 for best energy management at its Power Plants. BALCO’s 1200MW Power Plant has become State Winner – Chattisgarh with a 4.75 Star rated certificate, and its...
Hindalco’s aluminium ingot price sees a rise of INR2250/t on December 2 in line with LME aluminium price hike
Hindalco Industries Limited grew its aluminium ingot and aluminium products prices on December 2, a day after it reduced the prices by INR 1,250 per tonne. With effect from December 2, the company’s aluminium ingot price saw an increase of INR 2,250 per tonne to INR 234,000 per tonne, backed on the...
China’s aluminium foil exports record 7% Y-o-Y and 3% M-o-M growth to 112,200 tonnes in October 2021
According to China Customs data, China’s aluminium foil exports in October 2021 edged 2.95 per cent higher month-on-month to stand at 112,200 tonnes. On a year-on-year calculation, the exports stood up by 7.38 per cent, showed customs data. China’s aluminium foil exports to India accounted for 10...
India’s aluminium scrap imports from US grow for the third straight month to 46,100 tonnes; Imports in Q3 climb 42.6% from Q2
India’s aluminium scrap imports from the United States continued to increase for the third month in a row, albeit lower than the previous month, in September 2021. According to the US Census Bureau data, India’s aluminium scrap imports from the US edged 1.77 per cent or 800 tonnes lower...
Indiana based aluminium packaging firm Sortera Alloys receives US$10 million funding
Sortera Alloys, a Fort Wayne, Indiana-based firm that produces aluminium packaging from shredded automobiles using proprietary sorting technology and artificial intelligence (AI), has acquired $10 million in investment headed by Kirkland, Washington-based Breakthrough Energy Ventures. Sortera plans...
