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 Limited further increases aluminium billet and wire rod prices by INR2000/t with effect from August 28
Vedanta Limited has continued to increase its aluminium products prices for the third time in a row, with effect from Saturday, August 28, after a cut of INR 3,500 per tonne on August 19. The company’s aluminium wire rod price has come in at INR 237,750-245,250 per tonne, up by INR 2,000 per tonne...
NALCO’s aluminium ingot price rebounds to INR226,750-230,250/t in line with LME aluminium price hike
National Aluminium Company Limited’s aluminium ingot price and aluminium products prices rebounded on Wednesday, August 25, following a sharp decline in the previous week. The company has reported that it is now selling its aluminium ingot at INR 226,750-230,250 per tonne, up by INR 8,000 per tonne...
India: Aluminium scrap recyclers in Gujarat urge Govt. to abstain from implementing BIS grade quality import
The leading association that creates awareness and impotence of recycling, metal recycling trade among members, All India Non-Ferrous Metal Exim Association (ANMA), which comprises around 500 aluminium scrap recyclers in Gujarat, has urged the Union government to abstain from enforcing BIS (Bureau...
Why buy the AlCircle’s report on “Outlook for the Indian Aluminium Industry - In-depth industry analysis & forecast to 2026-27”?
There has been a constant strive to evaluate the future of the global aluminium industry since the time the COVID-19 pandemic set in and affecting the industrial manufacturing businesses. The Indian aluminium sector could neither escape its prey, having the consumption declined by 15 per cent...
Vedanta raises its aluminium ingot price by INR 2,750/t to INR 228,250-241,250/t
Vedanta has hiked its aluminium products price by INR 2,750 per tonne. With effect from Wednesday, 25 August 2021, the prices of some aluminium ingots stand at INR 228,250-241,250 per tonne, up by more than 1% from INR 225,500-238,500- per tonne on August 24. The billets price stands at INR 236,250...
Cameroon’s import of aluminium stranded wire during 2019-20 reflects robust growth; 50% further growth estimated for 2021
The economy of Cameroon is a mixed economic system that incorporates a variety of private freedom, combined with centralized economic planning and government regulation. The country is a member of the Economic Community of Central African States (ECCAS). The central African nation at the Gulf of...
NALCO’s aluminium ingot price sees a sharp fall of INR8100/t with effect from August 20
National Aluminium Company Limited (NALCO) sharply cut its aluminium ingot and aluminium products prices, with effect from Friday, August 20, following a hike of 2.25 per cent on Tuesday, August 17. The company’s aluminium ingot price witnessed a slash of INR 8,100 per tonne or 3.57 per cent from...
“Hindalco Industries started FY'22 at a strong pace and continues to see a strong demand across business verticals”, says Chairman Kumar Mangalam Birla
On 23 rd August 2021, Kumar Mangalam Birla, the Chairman of the world's largest aluminium rolling company, Hindalco Industries, which stands among the biggest producers of primary aluminium in Asia stated: “The Company has started FY'22 at a strong pace and continues to see a strong demand across...
SSWL secures supply contract of aluminium and steel wheel from Western Hemisphere
The leading Wheel Manufacturing industry having facilities all over India, Steel Strips Wheels (SSWL) announced that it has inked a memorandum of understanding for around $105 million from Western Hemisphere. The MoU undertakes that SSWL will supply steel and aluminium wheels for a minimum period...
India’s aluminium scrap imports from US grow more than 8% in Q2 2021 despite a dip in June
India’s aluminium scrap imports from the United States stood at 28,100 tonnes in June 2021, reflecting a downfall of 1,500 tonnes or 5.07 per cent from 29,600 tonnes in May, found the latest data from the US Census Bureau. However, on a year-on-year basis, the imports stood 119.53 per cent higher...
Recycled Aluminium Weekly Recap: Tata Motors ties up with Gujarat govt. to set up vehicle scrapping centre, eyeing 99% materials recovery including aluminium; Recycling and sustainable solutions driving the demand of aluminium cans in packaging industry: Ball Beverage Packaging, India
The aluminium recycled sector remained quite spotlighted this week, primarily due to the Tata Motors proposal to build a 36,000 vehicle per year scrapping facility in Gujarat, India came down in a row with the country’s focus to increase domestic scrap metal processing capacity and diminish...
Use of digitisation in Odisha’s mining sector curbs adverse impacts of COVID-19 pandemic: State Minister for Steel and Mines
Odisha is one of the few states in India that adopted online mineral monitoring system and issued e-passes during the COVID-19 pandemic to ensure seamless business activities and movement, pointed out State Minister for Steel and Mines Prafulla Kumar Mallik. The Minister also noted that mineral...
Vedanta cuts its aluminium ingots price by INR 3,500/t
Vedanta has cut its aluminium products price by more than 2%. With effect from Thursday, 19 August 2021, the prices of some aluminium ingots have come in at INR 224,000-237,000 per tonne. This is down by INR 3,500 per tonne from INR 227,500-240,500- per tonne on August 18. The billets price stands...
Greece export of Aluminium scrap to top 5 countries in 2020
The recycling of aluminium is gradually becoming crucial in the global aluminium value chain business, as it bars the metal aluminium to be sourced from the excavation of bauxite and shields exploitation. The aluminium industry generates a huge amount of metal scrap and also aluminium in use...
‘Mines and Geology Department gearing up to levy penalty on Andru Minerals’: Andhra Pradesh Govt. officials
The Department of Mines and Geology, State Government of Andhra Pradesh which is investigating the alleged mining of bauxite by Andru Minerals, has prima facie that the company violated norms to excavate 200,000 tonnes of the mineral through the Mineral Dealer License (MDL) that was secured....
Hindalco Industries hikes its aluminium billets price by INR 2,500/t to INR 234,100/t
Hindalco Industries Limited has raised its aluminium products price by more than 1%. With effect from Wednesday, 18 August 2021, aluminium billets and wire rods prices have come in at INR 234,100 per tonne and INR 238,100 per tonne. This is up by INR 2,500 per tonne from INR 231,600 per tonne and...
Vedanta grows its aluminium wire rod and billets prices for the third time in a row by INR2500/t
Vedanta Limited has increased its aluminium products prices for the third time in a row since last Wednesday, August 11. With effect from August 18, the company’s aluminium wire rod price has come in at INR 235,000-242,500 per tonne, up by INR 2,500 per tonne from INR 232,500-240,000 per tonne on...
NALCO grows its aluminium ingot and product prices by INR5000/t on August 17 after a cut ten days ago
National Aluminium Company Limited (NALCO) has significantly increased its aluminium ingot and aluminium product prices with effect from Tuesday, August 17, following a cut of INR 3,400 per tonne more than ten days ago on August 6. The company’s aluminium ingot price is now ranging between INR...
