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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Aluminium End-user Weekly Recap: Ball Corporation to expand cans capacity with new aluminium beverage packaging plants in UK & Russia; Indian electronics brand ‘Noise’ rolls-out smartwatch made from aircraft grade aluminium
The aluminium end-user segment unfolded some of the best news from across the world. The American multi-national and the world's leading provider of innovative, sustainable aluminium packaging for beverage, personal care and household products, Ball Corporation intends to expand increase its...
Weekly Aluminium Downstream Recap: Sanjeev Gupta battles to save its Belgian aluminium rolling mill from US equity firm AIP; Alucast’s £200,000 investment supports to bounce back from pandemic
The global aluminium downstream sector is gradually regaining its power following the severe crisis rooted in multiple waves of the Covid-19 pandemic. The Indian born British metal magnate Sanjeev Gupta battles to save its Belgian aluminium rolling mill from US equity firm AIP and the British firm...
Hindalco Industries: Aluminium wire rods price inches up to INR 228,850/t
Hindalco Industries Limited has further hiked its aluminium products price. With effect from Friday, 15July 2021, aluminium billets and wire rods prices stand at INR 224,850 per tonne and INR 228,850 per tonne, an increase of INR 2,500 per tonne from INR 222,350 per tonne and INR 226,350 per tonne...
Indian electronics brand ‘Noise’ rolls-out smartwatch made from aircraft grade aluminium
The Indian consumer electronics brand, Noise which started in 2014 founded by Amit Khatri and Gaurav Khatri has developed to be a popular wearable brand, now rolled out another smartwatch in the market. On 15 th July 2021, the electronic company revealed Noise ColorFit Ultra at an online event. The...
Xavier Institute of Management, Bhubaneswar blows minds by demonstrating innovative plans to reuse aluminium cans
In the Sustainable Circular Challenge organised by Ball Beverage Packaging India, a team of six students from Xavier Institute of Management, Bhubaneswar (XIMB) bagged the runners-up trophy by demonstrating effective ways to reuse aluminium cans. The Thinkers, as they call themselves, has devised...
'Indian Aluminium Summit' brings the stakeholders under one platform
'Metalworld', the flagship magazine of a leading media business house in the Asian metallurgical domain, produces B2B trade shows on a regular basis for more than two decades. The conferences are for various verticals like aluminium, foundry, special steels, sponge iron, which are well appreciated...
Hindalco Industries’ aluminium billets price grows by INR 2,500/t with effect from July 14
Hindalco Industries Limited has raised its aluminium products price by INR 2,500 per tonne or more than 1%. With effect from Wednesday, 14 July 2021, aluminium billets and wire rods prices stand at INR 222,350 per tonne and INR 226,350 per tonne. That was an increase of INR 2,500 per tonne from INR...
NALCO reduces its aluminium ingot price by over 1.5% to INR214,050-217,550/t w.e.f. July 14
National Aluminium Company Limited (NALCO) has decreased its aluminium ingot and aluminium products prices, following a hike last week, June 7. With effect from Wednesday, July 14, NALCO’s aluminium ingot price has come in at INR 214,050-217,550 per tonne, down by INR 3,700 per tonne or 1.7 per...
Vedanta reports a 17% Y-o-Y hike in aluminium production to 549,000 tonnes in 1QFY22
On Wednesday, July 14, Vedanta reported that its aluminium production totalled 549,000 tonnes in the first quarter of FY2022 ended on June 30, 2021. That was an increase of 17 per cent from 469,000 tonnes in Q1 FY2021. As per the report released by the Company, the cast metal aluminium production...
Vedanta reports INR 2,500/t hike in its aluminium ingot price
Vedanta has hiked its aluminium products price by more than 1%. With effect from Wednesday, July 14 2021, the prices of some aluminium ingots have increased by INR 2,500 per tonne to stand at INR 215,750-228,750 per tonne, from INR 213,250-226,250- per tonne on July 13. The billets price stands at...
India’s largest aluminium producer Vedanta recycles 16.5 billion litres of water in FY21
India’s largest producer of aluminium and value-added products, Vedanta has recycled 16.5 billion litres of water in FY 20-21, capitalizing technology for focused control and monitoring of water consumption. The water-saving projects covering its Aluminium smelters, Alumina refinery and Power...
Vedanta reduces its aluminium wire rod and billet prices by INR2250/t or 1% with effect from July 13
Vedanta Limited has reduced its aluminium products and aluminium ingot prices with effect from Tuesday, July 13, in line with the decline in LME aluminium benchmark price on Monday, July 12. Vedanta’s aluminium wire rod price has come in at INR 220,750- 228,250 per tonne, up by INR 2,250 per tonne...
Vedanta raises its aluminium ingots price by INR 2,750/t on July 10
Vedanta has raised its aluminium products price after cutting the price of same product on July 9. With effect from Saturday, July 10 2021, the prices of some aluminium ingots have risen by INR 2,750 per tonne to stand at INR 215,500-228,500 per tonne, from INR 212,750-225,750- per tonne on July 9....
Arch-rivals Glencore, Trafigura alliances to support GFG’s aluminium arm with $450 million lifeline deal
The Indian-born, British metal tycoon Sanjeev Gupta owned GFG Alliance has reportedly signed a loan deal with commodities giants Glencore and Trafigura to safeguard its aluminium division from emerging to collapse. As the report, the Anglo-Swiss multinational commodity trading and mining company,...
Zambia’s import of aluminium stranded wires during 2018-20 manifests robust growth; 11% drop predicted for 2021
The Zambian economy drove towards a deep recession due to the unfavourable impact of the COVID–19 pandemic. In 2020, the real GDP plunged by an estimated 4.9%, following the 4.0% growth in 2018 and 1.9% in 2019. The landlocked southern African nation, Zambia, during 2018-20 recorded 6139 tonnes of...
Vedanta sharply cuts its aluminium wire rod and billet prices by INR7000/t with effect from July 9
Vedanta Limited has slashed its aluminium products and aluminium ingot prices after a week since it increased the prices by INR 4,000 per tonne on July 3. The company has decreased its aluminium wire rod and aluminium billet prices sharply by INR 7,000 per tonne or 3 per cent with effect from...
Propulsion towards light-weight is obliged to grow driving the high usage of aluminium in all vehicles, says Sundaram-Clayton
The largest auto-components manufacturing and distribution group in India, TVS Group, which owns Sundaram-Clayton stated that the company is well-positioned to grasp emerging market opportunities in the rise of developments that will steer to higher aluminium usage in all types of vehicles. The...
NALCO hikes its aluminium ingot price for the third time in a row to INR217,750-221,250/t on July 7
National Aluminium Company Limited’s (NALCO) aluminium ingot and aluminium products prices have extended their hikes for the third time in a row, from June 25 to July 7. With the latest rise on Wednesday, July 7, NALCO’s aluminium ingot price has come in at INR 217,750-221,250 per tonne, up by INR...
