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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Recycling and sustainable solutions driving the demand of aluminium cans in packaging industry: Ball Beverage Packaging, India
The General Manager and Vice President of Ball Beverage Packaging for India and Southeast Asia, Amit Lahoti said: “The demand for can-packed products would sharply rise, given the increasing emphasis on recycling and sustainable solutions.” Mr Lahoti highlighted that the per capita can consumption...
India: Tata Motors ties up with Gujarat govt. to set up vehicle scrapping centre, eyeing 99% materials recovery including aluminium
The Indian automobile giant Tata Motors plans to set up a 36,000 vehicle per year scrapping facility in Ahmedabad, Gujarat, in a row with India's focus to increase domestic scrap metal processing capacity and reduce dependency on scrap imports. On 13 th August, Tata Motors signed an MoU at the...
Indian Railways to receive first batch of aluminium-bodied coaches by February 2022
As reported by a railway official, Indian Railways (IR) is anticipated to receive its first batch of aluminium-bodied coaches by February 2022. In a technological transpose for railways, the Raebareli based Modern Coach Factory (MCF) is considering manufacturing aluminium coaches. However, the...
Vedanta Limited continues to grow aluminium ingot price by INR1500/t w.e.f. August 13
Vedanta Limited has extended growth of its aluminium ingot and aluminium product prices on Friday, August 13. The company’s aluminium ingot price has come in at INR 225,000-238,000 per tonne, up by INR 1,500 per tonne from INR 223,500-236,500 per tonne on August 11. Vedanta’s aluminium wire rod...
Nalco aims alumina sale at 12 lakh tonnes in FY22, says CMD Sridhar Patra
The largest integrated Bauxite-Alumina-Aluminium-Power complex in Asia, Nalco has sold 91,000 tonnes of metals in Q1FY22 against 71,000 of the corresponding previous year. The Indian state-run mining and metal company sold 2.86 lakh tonnes of alumina in Q1FY22. Sridhar Patra, the CMD of Nalco said:...
Hindalco Industries: aluminium products price registers a hike of INR 3,000 per tonne
Hindalco Industries Limited has hiked its aluminium products price after cutting the price of the same products yesterday. With effect from Wednesday, 11 August 2021, aluminium billets and wire rods prices have come in at INR 230,100 per tonne and INR 234,100 per tonne, a growth of INR 3,000 per...
AlCircle launches new report “Outlook for the Indian Aluminium Industry - In-depth industry analysis & forecast to 2026-27
The year 2020 will be marked in the history of industrialization as one of the most challenging years in the modern era. The Covid-19 pandemic forced the industry and most of the people to adapt to new realities. Industries from every corner of the world were impacted by the pandemic, however, some...
Vedanta’s aluminium billet price recovers from the decline by INR3000/t on August 11
Vedanta Limited has increased its aluminium product prices on August 11, a day after it significantly reduced the prices on August 10. The latest hike has brought the company’s aluminium billet price to INR 231,500 per tonne, up by INR 3,000 per tonne from INR 228,500 per tonne. Vedanta’s aluminium...
Hindalco Industries reduces its aluminium products price by INR 5,500/t
Hindalco Industries Limited has cut its aluminium products price by INR 5,500 per tonne. With effect from Tuesday, 10 August 2021, aluminium billets and wire rods prices have come in at INR 227,100 per tonne and INR 231,100 per tonne. This is down by more than 2% from INR 232,600 per tonne and INR...
Vedanta’s aluminium wire rod price sees a sharp decline of INR5500/t on August 10
Vedanta Limited has sharply reduced its aluminium product prices with effect from Tuesday, August 10, in tandem with the plunge in LME aluminium benchmark price on August 9. Vedanta’s aluminium wire rod price has seen a cut of INR 5,500 per tonne or 2.30 per cent on Tuesday and standing at INR...
Amaron battery maker Amara Raja invests in Log 9 Materials
On 9 th August 2021, Aluminium Fuel Cells technology developer Log 9 Materials stated that it has raised $ 8.5 million in a funding round led by Amara Raja, the makers of automobile battery Amaron. Log 9 Materials quoted in a statement that the company has set foot into an equity partnership and...
Vedanta raises its aluminium ingots price by INR 3,500/t
Vedanta has increased its aluminium products price by more than 1%. With effect from Saturday, August 7 2021, the prices of some aluminium ingots have stood at INR 226,000-239,000 per tonne, an increase of INR 3,500 per tonne from INR 222,500-235,500- per tonne on August 5. The billets price stands...
India’s aluminium scrap imports from US slip 2.31% M-o-M to29,600 tonnes in May’21; Total imports during Jan-May grow 27% on year
India’s aluminium scrap imports from the United States slipped in May 2021 to come close to the import volume of March. According to the US Census Bureau data, India imported 29,600 tonnes of aluminium scrap from the US in May, which reflected a dip of 2.31 per cent month-on-month from 30,300...
NALCO’s aluminium ingot price sees a downfall of INR3400/t with effect from August 6
National Aluminium Company Limited (NALCO) has reduced its aluminium ingot and aluminium product prices with effect from Friday, August 6, following a sharp hike in the previous week. NALCO’s aluminium ingot price is currently ranging between INR 221,850-225,350 per tonne, down by INR 3,400 per...
End-user Weekly Recap: Ball Corporation reports net earnings of $202 million in second quarter; Rusal presents first ever aluminium alloy lighting poles made in Russia
The global aluminium end-user segment further displays the June Quarter results this week, positioned with a higher reach in revenue; however, investments remain in the sector. The American company headquartered in Colorado, Ball Corporation reported net earnings of $202 million on sales of $3.5...
Primary Aluminium Weekly Recap: Vedanta Aluminium becomes India’s largest green power purchaser; QAMCO reports a net profit of QR 288 million for H1 2021
Primary aluminium sector witnessed some major developments last week. The week saw some of the biggest aluminium producers- Hindalco, NALCO and Qatalum announcing their financial results. Let's explore: Vedanta Aluminium Business purchased 354 million units of solar and non-solar renewable energy...
Downstream Weekly Recap: Q1 FY 2022: Novelis posts net income from continuing operations of $303 million, up 597% YoY; Wheels India starts production of cast aluminium wheels at its new facility
The global downstream aluminium sector remained in the front foot during this week. The June Quarter and H1 results are getting on-boarded and almost each and every company is booking profit with a record rise in revenue rooted to the worldwide surge in aluminium prices. The American Industrial...
Q1 FY 22: Hindalco Industries reports all-time high consolidated net profit of INR 2,728 crore riding on the back of aluminium business
On 6 th August 2021, the flagship metal arm of Aditya Birla Group, Hindalco Industries stated that the company has reported an all-time high consolidated Q1 net profit at INR 2,787 crore, as compared to a loss of INR 709 crore in Q1FY21. The company further said that the results were navigated by a...
