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 continues to increase its aluminium product prices by INR3000/t in line with LME aluminium price rally
Vedanta Limited has continued to expand its aluminium ingot and aluminium product prices in line with the steady growth in the LME aluminium benchmark price. With effect from Friday, July 30, Vedanta's aluminium wire rod price has come in at INR 229,000-236,500 per tonne, up by INR 3,000 per tonne...
Hindalco Industries: Aluminium billets price increases by INR 2,000/t to INR 225,100 per tonne on July 29
Hindalco Industries Limited has continued to hike its aluminium products price. With effect from Thursday, 29 July 2021, aluminium billets and wire rods prices stand at INR 225,100 per tonne and INR 229,100 per tonne. That marked a growth of INR 2,000 per tonne from INR 223,100 per tonne and INR...
Indian researchers develop Nano-structured self-cleaning sustainable aluminium surface
A team of Indian researchers have lately developed a Nano-structured self-cleaning sustainable aluminium surface by using a simple and environment-friendly fabrication process. It could have several applications ranging from biomedical to aerospace and automobiles to household appliances, while the...
Gangavaram Port in Visakhapatnam, India creates National Record by discharging 125,380 tonnes of bauxite within 24 hours
Gangavaram Port in Visakhapatnam, India, the deepest and the most modern port in India, has reportedly discharged 125,380 tonnes of bauxite within 24 hours using the Mechanical Unloading System, the fastest bauxite discharge rate in the history of any port in India and possibly in the world. The...
Vedanta Ltd grows aluminium wire rod and billet prices by INR1750/t with effect from July 29
Vedanta Limited has further increased its aluminium ingot and aluminium products prices, although lower than the previous day, with effect from Thursday, July 29. This marks a growth for the second consecutive time since July 24, bringing Vedanta’s aluminium ingot price to INR 218,500-231,500 per...
Vedanta to expand Balco's smelter capacity with INR 6,611 crore investments
Vedanta has planned to expand Bharat Aluminium Company’s smelter capacity by 414 kilo-tonnes per annum (KTPA). The expansion involves an investment of INR 6,611 crore over the next two years. ''Vedanta...has announced a major expansion at Bharat Aluminium Company's (Balco) smelter capacity, which...
Hindalco Industries: Aluminium billets and wire rods prices rise by INR 4,250/t
Hindalco Industries Limited has raised its aluminium products price by 2%. With effect from Saturday, 24 July 2021, aluminium billets and wire rods prices stand at INR 223,100 per tonne and INR 227,100 per tonne, a jump of INR 4,250 per tonne from July 20’s price of INR 218,850 per tonne and INR...
EU’s ‘Fit for 55’ legislation might cost India to lose $1-1.7 billion in exports of energy-intensive products, including aluminium
The European Union’s new legislation, Fit for 55 which was introduced on 14th July to reduce its GHG emissions by 55% by 2030 and to net-zero by 2050. This has been highly appreciated as the EU’s climate change action transformed into law, safeguarding it from the winds of political change. It will...
Ex-Nalco Chief Tapan Kumar Chand joins Vedanta as Resident Director of Odisha & Chhattisgarh
India’s largest aluminium producer, Vedanta has appointed the former CMD NALCO & currently Independent Director of BALCO, Dr Tapan Kumar Chand as Resident Director of Odisha & Chhattisgarh. Dr Chand, an alumnus of the University of Calcutta is renowned as a top mining & metal professional, who is...
Aluminium Downstream Weekly Recap: Auto companies are using more aluminium for transit to EVs, Bharat Forge too gears up; AIP, Sanjeev Gupta board spat for Alvance Aluminium Duffel worsens
This week the global aluminium industry’s downstream segment delivered some great news and definitely, it throws positive response to the market, while the week also had controversial news as American Industrial Partners (AIP) came up with a board spat with British industrialist Sanjeev Gupta on...
Recycled Aluminium Weekly Recap: Odisha’s Chief Minister inaugurates India’s first zero-discharge aluminium dross processing unit; ASI certifies REAL ALLOY against Performance Standard certification
The week witnessed announcement of India’s first zero-discharge aluminium dross processing unit in recycling sector. Some of the major highlights of the week are: India’s projected aluminium hub, Odisha’s Chief Minister Naveen Patnaik inaugurated India’s first zero-discharge aluminium dross...
Vedanta hikes its aluminium ingot price by INR 4,500/t on July 24
Vedanta has raised its aluminium products price by more than 2%. With effect from Saturday, July 24 2021, the prices of some aluminium ingots have risen by INR 4,500 per tonne to stand at INR 216,750-229,750 per tonne, from INR 212,250-225,250- per tonne on July 20. The billets price stands at INR...
Odisha, India: Chief Minister Naveen Patnaik inaugurates India’s first zero-discharge aluminium dross processing unit
On 22nd July 2021, India’s projected aluminium hub, Odisha’s Chief Minister Naveen Patnaik inaugurated India’s first zero-discharge aluminium dross processing unit in Jharsuguda. The facility has been developed up by Runaya Refining LLP. In 2019, Mr Naveen Patnaik laid the founding stone of the...
Auto companies are using more aluminium for transit to EVs, Bharat Forge too gears up
The global automotive industry is countering a lot of disarrays, counting stricter regulations on emissions steering automakers to switch to the electric vehicle segment. India’s leading manufacturer and exporter of auto components, stated in its annual report: “2021 will be the year electric...
Runaya bags bronze at the prestigious Asia-Pacific Stevie Awards 2021
On 20th July 2021, the aluminium dross recycler, Runaya bags a Bronze Stevie in the Innovation in Energy & Sustainability category for its breakthrough solution for mineral waste processing in Mumbai. One of India’s rapidly growing manufacturing start-ups, Runaya proudly announced that it has been...
Vedanta’s aluminium ingot price falls by INR 5,000 with effect from July 20
Vedanta has slashed its aluminium products price for the two days in a row. With effect from Tuesday July 20 2021, the prices of some aluminium ingots came in at INR 212,250-225,250 per tonne, down by more than 2% or INR 5,000 per tonne from INR 217,250-230,250 per tonne on July 16. The billets...
NALCO increases aluminium ingot price by INR1200/t to INR215250- 218750/t w.e.f. July 17
National Aluminium Company Limited (NALCO) increased its aluminium ingot and aluminium products prices by INR 1,200 per tonne or 0.55 per cent with effect from Saturday, July 17. That brought the aluminium ingot price to INR 215250- 218750 per tonne versus INR 214,050-217,550 per tonne on...
Vedanta slashes its aluminium ingot price by INR 1,250/t
Vedanta has cut its aluminium products price after raising it for the two days in a row. With effect from Friday July 16 2021, the prices of some aluminium ingots stood at INR 217,250-230,250 per tonne, a drop of by INR 1,250 per tonne from INR 218,500-231,500 per tonne on July 15. The billets...
