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...
Grow with
AL Circle
India: Chief Minister of Chhattisgarh approves INR 267 crore mining proposal, Govt. to explore new areas for bauxite
On 7th September 2021, the Chief Minister of Chhattisgarh Bhupesh Baghel approved mining proposals worth INR 267 crore. The proposals are related to several projects of the Mineral Resources Department and Chhattisgarh State Mineral Development Corporation and incorporate proposals for the...
Vedanta’s aluminium ingot selling price gains INR4250/t to INR232,750-245,750/t w.e.f. September 7
Vedanta Limited announced that it increased its aluminium ingot and aluminium products prices with effect from Tuesday, September 7, bringing its aluminium ingot price to INR 232,750-245,750 per tonne. That was an increase of INR 4,250 per tonne from INR 228,500-241,500 per tonne on September 3....
NALCO sharply increases its aluminium ingot price by INR6400/t as LME aluminium price hit 10-year high yet again
A week after reducing the aluminium ingot price by INR 2,000 per tonne, National Aluminium Company Limited (NALCO) has sharply increased the price of its ingot with effect from Tuesday, September 7. Seeing a rise of INR 6,400 per tonne or 2.80 per cent on September 7, NALCO’s aluminium ingot price...
Vedanta’s aluminium wire rod and billets prices see a hike of INR2250/t with effect from September 3
Vedanta Limited increased its aluminium products prices by INR 2,250 per tonne or 1 per cent with effect from Friday, September 3, bringing aluminium wire rod price to INR 236,000-243,500 per tonne from INR 233,750-241,250 per tonne on September 2. Since the last hike, the company’s aluminium...
Nalco performs vital role in empowering micro and small enterprises through NAMASYA platform: Govt. of India
On 6th September 2021, the Govt. of India stated that state-owned Navratna CPSE Company Nalco has been performing a vital role in empowering micro and small enterprises by providing a modern and innovative platform NAMASYA, an application (App) developed exclusively for the convenience of the PSU's...
Primary Aluminium Weekly Recap: Global aluminium price rally to 10-year high lifts aluminium product cost; EGA’s adjusted EBITDA climbs by 111% in H1 2021 in strongest-ever half-year financial performance
The week remained heavily prosperous for the primary segment of the global aluminium industry. The global rise of the aluminium price has climbed to a 10 year’s high, due to the limited production in China. The Indian primary aluminium producers have delivered a notable performance in the Q1 of...
Realme Pad featuring aluminium unibody will launch in India soon, says CEO Madhav Sheth
The India-based Chinese smartphone manufacturer, Realme headquartered in New Delhi, India and Shenzhen, China is going to launch Realme Pad in India soon. The tablet has been sneak-peaked multiple times in the past, but this time, the company’s India and Europe CEO Madhav Sheth has confirmed its...
Vedanta cuts aluminium wire rod and billet prices by 1.7% on September 2 after three consecutive hikes
Vedanta Limited has decreased its aluminium products prices by INR 4,000 per tonne or 1.68 per cent with effect from Thursday, September 2, bringing the aluminium wire rod price to INR 233,750-241,250 per tonne from INR 237,750-245,250 per tonne on August 28. The company’s aluminium billet price...
Vedanta releases 6th edition of its ‘Tax Transparency Report’ for FY 20-21
Vedanta Limited, the mining and metal giant has released the sixth edition of its ‘Tax Transparency Report’ for fiscal 2020-2021. The company is also well recognised as India's biggest producer of aluminium and one of the largest power generators in India. The report highlights the commodity...
Protest resumes in Odisha against NALCO’s construction of second red mud pond
On 31 st August 2021, the affected inhabitants restarted their protest against the construction of the second red mud pond by the state-owned aluminium producer NALCO near Denga Jani Guda under the Dasmantpur block. The protesters staged a dissent in front of the Koraput Collector’s office...
Australian delegation visits NALCO, discusses business initiatives on the entire aluminium value chain
On 31 st August 2021, a group of high-level Australian delegates spearheaded by the High Commissioner of Australia to India, Barry O’Farrell visited NALCO’s corporate office in Bhubaneswar, Odisha. The Australian delegates during the visit conversed with NALCO’s CMD, Sridhar Patra and the members...
Saudi Arabia’s import of aluminium tubes and pipes during 2019-20 demonstrates downfall; 11% growth estimated for 2021
According to the Government estimates, Saudi Arabia's economy grew for the first time since the Covid-19 pandemic in the second quarter propelled by a 10.1% growth in the non-oil sector. However, the International Monetary Fund expects the Saudi economy to grow by 2.4% this year. The Kingdom of...
Aluminium Association of India seeks CIL’s intervention to normalize coal supply
On 30 th August, the apex body representing the entire spectrum of the Indian Aluminium Industry, Aluminium Association of India (AAI) seeks intervention of the government-owned coal mining and refining corporation, CIL to normalise the uncertain situation that has emerged due to the interruption...
Hindalco Industries continues to increase aluminium ingot price to INR229,750/t w.e.f. August 28
Hindalco Industries Limited continued to increase aluminium ingot and aluminium products prices with effect from Saturday, August 28. Hindalco raised its aluminium ingot price by INR 2,000 per tonne from INR 227,750 per tonne on August 25 to INR 229,750 per tonne on August 28. Hindalco’s aluminium...
2020: Japan’s export of aluminium scrap displays five nations absorbed 57% volume of total trade
Japan ranks as the world's third-largest automobile manufacturing nation and is also recognized as the largest electronics goods industry. However, the major Japanese export industries comprise automobiles, consumer electronics, computers, semiconductors, and iron and steel. Furthermore, the...
Aluminium Downstream Weekly Recap: Hindalco Industries started FY'22 at a strong pace and continues to see a strong demand across business verticals; Six Southern California companies convicted for evading payment of $1.8 billion in duties on imported Chinese aluminium
The aluminium downstream segment remained highlighted in the week for very reasons, unlike the other weeks. Kumar Mangalam Birla, the Chairman of the world's largest aluminium rolling company, Hindalco Industries stated that the metal company commenced the FY'22 at a robust pace and pursues to see...
Excellent performance driving India’s top three aluminium producers to chase metal capacity expansion
The Indian industrial sector consists of two private primary aluminium producers and the third aluminium metal producer is a state-owned company. Now, all the three aluminium companies have delivered a remarkable performance in the Q1 of 2021-22. Furthermore, the trio not only earned record EBITDA,...
Recycled Aluminium Weekly Recap: Hydro to expand aluminium recycling capacity at its Sjunnen plant; India’s aluminium scrap imports from US grow more than 8% in Q2 2021
The week witnessed announcement of Hydro’s aluminium recycling capacity Sjunnen extrusion plant and India’s aluminium scrap imports from the United States. Some of the major highlights of the week are: Hydro will expand its aluminium recycling capacity at its Sjunnen extrusion plant in Sweden by...
