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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India: National Institute of Engineering inks MoU with aluminium extrusions specialist Bhoruka
The temple of technical learning in Karnataka, the National Institute of Engineering (NIE), Mysuru, has signed a Memorandum of Understanding (MoU) lately with aluminium extrusion product specialist Bhoruka Extrusions Private Limited (BEPL), Mysuru. The Mysuru, Karnataka based speciality aluminium...
Vedanta’s aluminium ingot price hovers around INR224000-237000/t on November 10, 2021
Vedanta Limited is selling its aluminium ingot price at INR 224,000-237,000 per tonne as of November 10, 2021. Among aluminium products prices, the company’s aluminium wire rod price has come in at INR 231,500- 239,000 per tonne, while aluminium billets price is standing at INR 232,000 per tonne....
India’s aluminium scrap imports from US grow for the second straight month by 33% to 45,300 tonnes in August’21
India’s aluminium scrap imports from the United States reflected a hike for the second month in a row in August 2021, found the US Census Bureau. According to the data, India imported 45,300 tonnes of aluminium scrap from the US in the said month, up by 11,200 tonnes or 32.84 per cent...
Downstream Weekly Recap: Aluminium scarce related to magnesium supply deficiency from China, says AMAG chief; India’s coal supply curb drags unrest in SMEs of aluminium supply chain
The global aluminium downstream segment has been in the spotlight this week due to a number of events. To begin with, the CEO of AMAG Austria Metall AG, Gerald Mayer cautioned by saying that the primary reason for the aluminium dearth is actually due to the shortage of magnesium supply that...
Improved commodity prices, higher aluminium volumes braced Vedanta’s Q2 profit to upswing fivefold
The Indian commodities magnate Anil Agarwal chaired Vedanta Ltd. publicized a consolidated net profit of INR 4,615 crore in the July-September quarter, which reveals an upswing by more than five times from the corresponding period previous year at INR 838 crore on a low-base effect. Consecutively,...
India: Aluminium producers send ‘Mayday’ to Prime Minister’s Office over coal stock
On 28 th October 2021, the Indian aluminium producers sent an emergency call to the Prime Minister’s Office (PMO) for resumption of coal supply with immediate effect, stating dearth has shoved the domestic aluminium industry to the verge that might negatively impact some 5,000 MSMEs in the...
India: Coal supply curb drags unrest in SMEs of aluminium supply chain
On 25 th October 2021, the group representing Indian organizations involved in the industrial production and consumption supply chain activities across the country, the Indian Industrial Value Chain Council (IIVCC) labelled that 5000 plus SMEs who are associated with the aluminium value chain are...
Primary Aluminium Weekly Recap: Indian aluminium producers consuming expensive power from grid due to coal shortage; A00 aluminium ingot price in China comes below RMB22,000/t
Coal shortage continues to be a matter of concern for the Indian aluminium industry this week. However, Indian state-run coal exploitation and refining company, Coal India Limited (CIL) has clarified that the supply dry foil fuel to the non-power sector like aluminium, steel, etc. has been...
Nalco rolls-out Lean Slurry project marking an outstanding practice in environmental management
On 20 th October 2021, the Secretary of the Mines Ministry, Govt. of India, Alok Tandon inaugurated the National Aluminium Company’s Lean Slurry Project at Angul, Odisha marking a notable milestone in the Indian state-owned integrated aluminium company’s journey for business supremacy and embracing...
Scarcity of aluminium foil may disrupt drug supply chain
Scarcity of aluminium foil, along with the increase in its price, may cause shortage of many important medications, since their production has become unprofitable. The pricing of 680 scheduled medication formulations are regulated by the National Pharmaceutical Pricing Authority. The wholesale...
Indian aluminium producers consuming expensive power from grid, following the distress on coal supply
The Aluminium Association of India (AAI) on Tuesday, October 20, informed that India's aluminium makers are taking costlier electricity from the national grid, adding to pressure on utilities with limited coal stock, as state-run Coal India has curtailed supply. Due to a severe shortfall across the...
Mozambique’s aluminium scrap export during 2018-21 illustrates express growth
The economy of Mozambique is a combination of both traditional and market economic systems. The export of primary aluminium is one of the major exports of the country among other commodities with Mozal Aluminium is the sole aluminium producer. The Southern African nation, Mozambique exported 3731...
Govt. of India has no involvement in RAKIA’s international arbitration
According to reports, the Government of India informed the state of Andhra Pradesh that it has no involvement in the international arbitration brought by the Ras-Al-Khaimah Investment Authority (RAKIA) over the cancellation of a Bauxite supply deal between Andhra Pradesh Mineral Development...
Hindalco’s aluminium wire rod price soars by INR5750/t to be sold at INR285,600/t w.e.f. October 18
Hindalco Industries Limited has sharply increased its aluminium products prices with effect from Friday, October 15. The company’s aluminium wire rod price has seen a surge of INR 5,750 per tonne to come in at INR 285,600 per tonne. On October 14, the price stood at INR 279,850 per tonne, up by INR...
Supply of dry fuel to the non-power sector is regulated, not stopped: Coal India
On 17th September 2021, the Indian state-run coal exploitation and refining company, Coal India Limited (CIL) explicated that supply of the dry fossil fuel to the non-power sector like aluminium, steel, etc. has been diminished, but not completely ceased, as professed by some sectors. As reported...
Primarily Aluminium Weekly: Global power crisis spins aluminium prices to cross $3,000 per tonne; Nalco shares boost 7% following Rakesh Jhunjhunwala 1.36% stake disclosure
On 11th October 2021, the London Metal Exchange witnessed the surge of aluminium price as it crossed the $3000 per tonne mark, the highest since July 2008. The mounting pressure on the aluminium sector indicated, as the global metals world prepared to gather in London for the annual LME Week....
Nalco shares boost 7% following Rakesh Jhunjhunwala 1.36% stake disclosure
The shares of the Govt. of India equity hold majority enterprise, National Aluminium Company Ltd (NALCO) has aroused by approximately 7% following its shareholding pattern data for September quarter revealed an expert investor Rakesh Jhunjhunwala stake. The Government of India holds 51.28% in...
India: MSME sector appeals govt. to withdraw import duty on aluminium
The apex body representing the entire spectrum of the Indian Aluminium Industry, the Aluminium Association of India’s President Rahul Sharma emphasized the drastic impact of coal dearth that has developed on industries. Accordingly, the fossil fuel counts for around 40% of the production cost which...
