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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Maruti Suzuki, Ashok Leyland associates with Indian Oil-Phinergy for Aluminium-air battery pilot test
The Indian state-run petroleum marketing company Indian Oil Corporation and Israeli company specialising in aluminium-air and zinc-air battery systems for electric vehicles company, Phinergy, have already announced their joint venture “IOC- Phinergy”. The Israeli-Indian JV will engage in research...
Vedanta’s aluminium ingot price stands at INR 181,250-194,250/t with effect from March 17
Vedanta has cut its aluminium products price after raising it by INR 3,750 per tonne on March 16. With effect from Wednesday, 17 March 2021, the prices of some aluminium ingots are in the range of INR 181,250-194,250 per tonne, a drop of INR 1,500 per tonne from INR 182,750-195,750 per tonne on...
China’s aluminium foil export projected to rebound by 4.88% in 2021 from 1.23MT in 2020
China exported 1.23 million tonnes of aluminium foil in 2020, which reflected a downfall of 4.95 per cent from the exports in 2019, found the customs data. Exports of foil under HS code 76071110 (unprocessed aluminium foil without backing after rolling, thickness ≤0.007mm) totalled 293,400 tonnes...
Vedanta raised its aluminium ingot price by INR 3,750/t with effect from March 16
Vedanta has increased its aluminium products price by INR 3,750 per tonne. With effect from Tuesday, 16 March 2021, the prices of some aluminium ingots are in the range of INR 182,750-195,750 per tonne, representing a hike of more than 2% from INR 179,000-192,000 per tonne on March 13. The...
Aluminium demand to rise in India on growing urbanisation and housing projects: IIFT Survey
The Indian Institute of Foreign Trade (IIFT) has indicated in its recent survey that demand for aluminium will grow as a result of urbanisation, development of industrial corridors, rural electrification, Smart City projects, housing projects, and so on and so forth. “We have used secondary data...
Kodingamali Bauxite mine, Odisha: Mythri Infra’s workers protest over minimum wages crosses 45 days
On 14 th March 2021, the protest of the workers of Mythri Infra Limited Company at Kodingamali under Laxmipur block in the district has crossed 45 days, as discussions among multiple stakeholders pursued to remain inconclusive regarding their retrenchment and demand of minimum wages as per the...
Vedanta cuts its aluminium ingot price by INR 2,000/t with effect from March 13
Vedanta has cut its aluminium products price for the second day in a row. With effect from Saturday, 13 March 2021, the prices of some aluminium ingots are in the range of INR 179,000-192,000 per tonne, marking a decrease of 1.1% or INR 2,000 per tonne from INR 181,000-194,000 per tonne on March 9....
India Govt. considers creating Non-Ferrous metal scrap recycling an organized sector, Aluminium to play vital role
The mining ministry has lately released the National Non-Ferrous Metal Scrap Recycling Framework 2020, covering key non-ferrous metals like Aluminium among others. The framework has been released with the intent to promote a formal and well-organized recycling ecosystem in the country which is...
NALCO CPP receives two years extension of bride linkage from Coal Ministry
The National Aluminium Company Limited (Nalco), a Navratna CPSE having integrated and diversified operations in mining, metal and power under the Ministry of Mines, Government of India have received two more years’ extension of bridge coal linkage for its captive power plant as recommended by the...
Vedanta’s aluminium ingot price stands lower at INR181000-194000/t with effect from March 9
Vedanta Limited has cut its aluminium ingot and aluminium products prices with effect from Tuesday, March 9, after a rise on Saturday, March 6. The aluminium ingot price has come in at INR 181,000-194,000 per tonne, representing a decline of INR 2,000 tonne from INR 183,000-196,000 per tonne on...
Hindalco Industries hikes its aluminium products price by INR 1,500/t
Hindalco Industries Limited has hiked its aluminium products price after cutting it on Friday. With effect from Saturday, 06 March 2021, aluminium billets price stands at INR 191,850 per tonne, an increase of INR 1,500 per tonne from INR 190,350 per tonne on March 5. The company’s aluminium ingot...
India’s aluminium scrap imports from US in Q42020 edge 18% higher to 99,600 tonnes; Total imports in 2020 grow 13%
According to the recent data shared by the US Geological Survey, India imported 30,600 tonnes of aluminium scrap from the United States in December 2020, almost flat compared to 30,300 tonnes of imports in November 2020 and 8,100 tonnes or 20.93 per cent less than 38,700 tonnes in October 2020. On...
Odisha, India: State cabinet permits OMC to sell entire Bauxite
On 6 th March 2021, the Odisha cabinet held a meeting, where it approved the proposal of the state government to authorize Odisha Mining Corporation (OMC) to sell the entire quantity of bauxite ore meant for sale through national e-auction for 2020-21 at the rate of INR 1,000 per tonne. As decided,...
Vedanta raises its aluminium ingots price by INR 1,500/t
Vedanta has hiked its aluminium products price by INR 1,500 per tonne. With effect from Saturday, 06 March 2021, the prices of some aluminium ingots are in the range of INR 183,000-196,000 per tonne, representing an increase of 0.83 per cent from INR 181,500-194,500 per tonne on March 5. The...
Hindalco Industries reports INR 2,750/t decline in its aluminium products price
Hindalco Industries Limited has cut its aluminium products price after hiking it for the second time in a row. With effect from Friday, 05 March 2021, aluminium billets price stands at INR 190,350 per tonne. This is down by INR 2,750 per tonne from INR 193,100 per tonne on March 4. The company is...
Vedanta’s aluminium products prices grow back-to-back by INR1250/t with effect from March 4
Vedanta Limited has increased its aluminium products and aluminium ingot prices for the second day in a row, with effect from Thursday, March 4. The price of Vedanta's aluminium wire rod has been raised by INR 1,250 per tonne to INR 192,500 – 200,000 per tonne, in comparison with INR 191,250 –...
India: The Aluminium industry seeks for at least a 5% RoDTEP rate to foster exports
The Ministry of Finance, Govt. of India declared the implementation of the RoDTEP Scheme and extending the benefit to all export goods w.e.f 1 st April 2021. The announcement is considered a huge relief for exporters post-withdrawal of the MEIS and will deliver a much-needed push to boost Indian...
NALCO’s aluminium ingot price sees a cut of INR3400/t on March 1 after five hikes in a row till February 26
National Aluminium Company Limited (NALCO) reduced its aluminium ingot and aluminium products prices with effect from Monday, March 1, after raising them five times in a row till February 26, 2021. NALCO’s aluminium ingot price came in at INR 181,850 – 185,350 per tonne on March 1, down by INR...
