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 hikes its aluminium ingot price by INR 4,000/t
Vedanta has hiked its aluminium products price by more than 1%. With effect from Saturday, July 3 2021, the prices of some aluminium ingots have risen by INR 4,000 per tonne to stand at INR 219,750-232,750 per tonne, from INR 215,750-228,750- per tonne on July 2. The billets price stands at INR...
Hindalco increases aluminium wire rod and billets prices by INR3500/t with effect from July 3
Hindalco Industries Limited further increased its aluminium wire rod and billets prices, although slower than the previous day, with effect from Saturday, July 3. Both aluminium wire rod and aluminium billets prices rose by INR 3,500 per tonne to come in at INR 230,350 per tonne and INR 226,350 per...
Weekly Downstream Recap: Sanjeev Gupta’s GFG Alliance avoids collapse of Liberty Aluminium Technologies with £10 million loan repayment; Vedanta increases its aluminium products prices by more than 2% w.e.f June 30
The global aluminium industry’s downstream segment went on a lighter note this week. The vital news for the aluminium industry remains, Sanjeev Gupta’s GFG Alliance avoids the collapse of Liberty Aluminium Technologies with a £10 million loan repayment. On the other hand, India’s leading aluminium...
Push to reduce Chinese dependency, India gears up to invest in aluminium battery technology replacing lithium for EV
The navigation to shrink dependence on imported materials and technology, particularly from China, India is gearing to invest in a battery technology that uses aluminium rather than lithium as the crucial ingredient. India’s largest oil refiner, Indian Oil Corporation has already collaborated with...
Vedanta raises its aluminium ingot price by INR 3,750 on July 1
Vedanta has raised its aluminium products price by more than 1%. With effect from Thursday, July 1 2021, the prices of some aluminium ingots have risen by INR 3,750 per tonne to stand at INR 219,000-232,000 per tonne, from INR 215,250-228,250- per tonne on June 30. The billets price stands at INR...
India’s aluminium scrap imports from US sharply grow 191% on year in April 2021
In April 2021, India’s aluminium scrap imports from the United States stood at 30,300 tonnes, almost flat compared to 29,700 tonnes in March 2021, found US Geological Survey. In February, India imported 27,200 tonnes of aluminium scrap from the US, 12.86 per cent more than 24,100 tonnes in January....
NALCO aluminium ingot price grows sharply by over 4% to reach at 212,850-216,350/t on June 30
National Aluminium Company Limited (NALCO) sharply increased its aluminium ingot and aluminium products prices by INR 9,600 per tonne or 4.6 per cent on Wednesday, June 30. That brought its aluminium ingot price at INR 212,850-216,350 per tonne in comparison with 203,250-206,750 per tonne on...
India: DGTR recommends imposing of anti-subsidy duty on aluminium wires import from Malaysia for five years
The commerce ministry of India has been recommended for the imposition of anti-subsidy duty on certain types of aluminium wires imported from Malaysia for five years. This is a movement focused on safeguarding the domestic players from imports that are subsidized in Malaysia. Directorate General of...
Vedanta increases its aluminium products prices by more than 2% with effect from June 30
Vedanta Limited has increased its aluminium products and aluminium ingot prices by INR 5,500 per tonne or 2.5 per cent with effect from Wednesday, June 30. With the latest rise, Vedanta’s aluminium wire rod price has come in at 222,750-230,250 per tonne compared to INR 217,250-224,750 per tonne on...
India’s leading metal producer ‘Vedanta’ floats INR 500 per tonne discount on aluminium and other commodities for the MSME sector
The leading metal producer of India, Vedanta Limited has floated an attractive offer for Micro, Small and Medium Enterprises (MSMEs) in the manufacturing industry observing the World MSME Week. As per the promotional statement, under the company’s Vedanta Saathi programme MSMEs can obtain a...
NALCO’s aluminium ingot price sees a rise of 2% to INR203250-206750/t with effect from June 25
National Aluminium Company Limited (NALCO) increased its aluminium ingot and aluminium product prices with effect from Friday, June 25. NALCO’s aluminium ingot price saw a hike of INR 3,800 per tonne or 1.9 per cent from INR 199,450-202,950 per tonne on June 22 to INR 203,250-206,750 per tonne on...
NALCO books nine-fold leap in Q4 profit INR to 935.74 crore
On 28th June 2021, National Aluminium Co Ltd (Nalco), one of the largest integrated primary producers of aluminium in Asia has reported a nine-fold leap in consolidated profit at INR 935.74 crore for the quarter ended 31st March 2021, powered by strong operational performance and favourable prices....
GSIA seeks Govt. of India’s intervention in price surge of raw materials denting MSME sector, including aluminium
The steep rise in raw material prices is denting micro, small and medium enterprises (MSMEs) and govt. of India should entail immediately to intervene through policy decisions, said Goa State Industries Association (GSIA). Along with 170 MSME associations across India, GSIA has written to Narendra...
Weekly end-user recap: DGTR -India endorses finance ministry to impose anti-dumping duty on aluminium foil imports; Airbus, Magellan Aerospace deal for aluminium and titanium structural wing components supply foster North Wales sites
In the global aluminium end-user segment, the week resembled DGTR -India endorsing finance ministry to impose anti-dumping duty on aluminium foil imports from China, Malaysia, Thailand and Indonesia. While in North Wales, Airbus and Magellan Aerospace deal for aluminium and titanium structural wing...
Aluminium downstream weekly recap: Sanjeev Gupta’s Liberty Aluminium Technologies seeks more time to track down buyers; Midhani’s aluminium alloy plant in Nellore concludes land compensation proceedings
The global aluminium downstream segment observed some important happenings this week, as Sanjeev Gupta’s Liberty Aluminium Technologies seeks more time to track down buyers. In India Midhani’s aluminium alloy plant in Nellore concludes land compensation proceedings, while in the UK, TRA begins a...
Peru’s import of aluminium stranded wire during 2019-20 signifies express growth; 3% growth estimated for 2021
The economic output of Peru indicated that it will grow 10% in 2021 and 4.8% in 2022, supported by a favourable external context. However, these forecasts are strongly conditioned to the maintenance of macroeconomic stability by the new government administration and largely reflect a rebound after...
Midhani’s aluminium alloy plant in Nellore concludes land compensation proceedings
The prolonged efforts of Andhra Pradesh Industrial Infrastructure Corporation (APIIC) and the revenue authorities have at last brought the conclusion to land compensation issues that had delayed the proposed aluminium alloy plant of Midhani in association with Nalco, which is spread over 110 acres...
Vedanta’s aluminium products prices witness a back-to-back hike of INR1750/t on June 24
Vedanta Limited increased its aluminium ingot and aluminium products prices for the second day in a row with effect from Thursday, June 24. The company raised its aluminium wire rod price by INR 1,750 per tonne to INR 212,750-220,250 per tonne on June 24, followed by a hike of INR 1,500 per tonne...
