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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Primary Aluminium Weekly: World Primary Aluminium production drops 0.60% M-o-M to 5.699 million tonnes in August 2021; Alcoa to invest more on stability in 2022
The global primary aluminium segment remained highlighted this week definitely due to the price factor but also for multiple reasons. The Pennsylvania-USA based Alcoa is gearing up to resume its idled aluminium smelter in Brazil, as it smelled the prices of aluminium sky-rocketing and production...
Odisha state Govt. puts on hold the auction of Karlapat bauxite block
The Odisha state government has put the auction of Karlapat bauxite and iron ore block on hold until further notice following a court order. The block that was called for auction is located near the Karlapat Wildlife Sanctuary, an allotted elephant corridor in Kalahandi district contemplated...
Larsen & Toubro commissions the expansion project of Hindalco’s Utkal Alumina refinery
India’s multinational conglomerate and the premier infrastructure developer, Larsen & Toubro (L&T) announced that its metallurgical and material handling business has commissioned the 0.5 million tonnes per annum (MTPA) expansion project of Hindalco’s Utkal alumina refinery located at Kucheipadar...
Severe dearth of thermal coal disrupts aluminium production, AAI urge Coal India for immediate resumption of supplies
The Indian aluminium producers have urged Coal India Ltd for immediate resumption of coal supplies to the metal industry as they are countering an extreme dearth of thermal coal that has initiated to impede their operations for the production of aluminium. On 21st September 2021, the Aluminium...
Vedanta: Union Ministry declines Jharsuguda aluminium smelter capacity expansion proposal for not complying with environmental norms
According to a recent report, Anil Agarwal-led Vedanta Limited’s investment proposal worth INR 1,240 crore to expand the capacity of an aluminium smelter in Jharsuguda has been rebuffed by an expert panel of the Union ministry of environment, forests and climate change (MoEF&CC). This proposal,...
Hindalco’s aluminium wire rod price expands by INR3250/t to INR258100/t with effect from September 18
On Saturday, September 18, Hindalco Industries Limited continued to increase its aluminium products prices, bringing its aluminium wire rod price to INR 258,100 per tonne. That was an increase of INR 3,250 per tonne or 1.28 per cent from INR 254,850 per tonne on September 16. Hindalco’s aluminium...
India imposes anti-dumping duty on aluminium foil imports from China, Thailand, Indonesia and Malaysia
The Ministry of Finance, Govt. of India has imposed definitive anti-dumping duty on aluminium foil imports of thickness 80 microns and below from China, Malaysia, Thailand and Indonesia. The validation of the duty is for five years, while it ranges from $93.53 to $976.99 per tonne depending on the...
Downstream Products Weekly Recap: Alcomet commences the operation of new facility for processing of aluminium profiles; Aluminium price upsurge improves Hindalco's earnings outlook: Jefferies India
The aluminium downstream sector remained insightful during the week. However, the political instability in the world’s second-largest producer of bauxite, Guinea has installed another gear to the hike in the price of aluminium and it reached to 13years high of $3000 per tonne. Bulgaria’s Alcomet,...
Rescom acquires bauxite shipment for Anrak alumina refinery from Guinea
Rescom’s has purchased a cape bauxite shipment from Guinea for Anrak Aluminium’s alumina refinery and is expected to reach India in October 2021, as reported by a higher official. Rescom Mineral Trading Fze, a mineral, mining, processing and trading company headquartered in Dubai, UAE and is a...
Chief Minister of Odisha inaugurates the expansion of Hindalco’s Utkal Alumina refinery
On 16th September 2021, the Chief Minister of Odisha Naveen Patnaik virtually inaugurated Utkal Alumina refinery’s expansion of production capacity from 1.5 MTPA to 2 MTPA at Doraguda, Kashipur in Rayagada district. Aditya Birla Group, the parent company of Utkal Alumina has injected around INR...
Vedanta rolls out ‘V-Safe’ mobile app to fortify workforce safety at its largest aluminium smelter in Jharsuguda
India’s largest producer of aluminium and VAP, Vedanta has rolled out a safety mobile application called ‘V-Safe’ at its largest aluminium smelter in Jharsuguda, Odisha, to reinforce its safety culture. V-Safe is the newest digital mediation in a long line of technology-led addition that Vedanta...
Vedanta continues to grow aluminium billet price by over 1.5% to sell it at INR258,750/t
Vedanta Limited has continued to grow its aluminium products prices for the fifth time in row, with effect from Tuesday, September 14. According to the price list revealed by Vedanta, its aluminium billets price has come in at INR 258,750 per tonne, up by INR 4,000 per tonne or 1.57 per cent from...
Gravita starts off aluminium production from its new recycling plant in Mozambique
Gravita India had made public that a step-down subsidiary of the company located at the Southeast coast of Africa, Mozambique has commenced commercial production of Aluminium from its new recycling facility with an annual capacity of around 4,000 MTPA in addition to its existing lead recycling...
Vedanta expands its aluminium billet & wire rod prices by INR6250/t
Vedanta Limited expanded its aluminium products prices by INR 6,250 per tonne on Saturday, September 11, bringing its aluminium wire rod price to INR 254,250-261,750 per tonne, in comparison with INR 248,500-255,500 on Friday, September 10. As per Vedanta’s report, its aluminium billet price grew...
Odisha’s Maliparbat bauxite mines gain public resistance ahead of the hearing for environmental clearance
The Maliparbat bauxite mines in Koraput district of India’s eastern state Odisha gains public resistance with ethnics as well as the activists from across the whole district compounding their stake ahead of the public hearing for environment clearance on 22nd September by the Odisha State Pollution...
Mahindra rolls out XUV700 in the variant of aluminium diesel engines and gasoline
The billion-dollar global automotive enterprise headquartered in India, Mahindra with the continuation of its ‘Freedom Drive’ unveiled XUV700, a truly distinguished vehicle. Mahindra’s ‘Freedom Drive’ is a concept to observe the XUV700, which will travel across 20 cities in India in a convoy of 80...
India: DGTR recommends anti-dumping duty on certain ‘Flat-Rolled Products of Aluminium' from China
The Ministry of Commerce, Govt. of India's investigation arm DGTR has recommended the imposition of anti-dumping duty on certain aluminium products from China to safeguard domestic producers from cheap imports. The dumped imports of 'Certain Flat-Rolled Products of Aluminium' from China have...
Vedanta Limited increases its aluminium wire rod price back-to-back to INR248,000-255,500/t
Vedanta Limited expanded its aluminium products prices by INR 4,250 per tonne on Thursday September 9, bringing its aluminium wire rod price to INR 244,500-252,000 per tonne. On Friday, September 10, Vedanta’s aluminium wire rod price again saw a hike of INR 3,500 per tonne to come in at INR...
