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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Hindalco Industries’ aluminium billets price hikes by INR 2,000/t to INR 193,100/t
Hindalco Industries Limited has hikes its aluminium products price for the second time in a row. With effect from Thursday, 04 March 2021, aluminium billets price stands at INR 193,100 per tonne, marking a growth of INR 2,000 per tonne from INR 191,100 per tonne on March 3. The company’s aluminium...
Vedanta sold aluminium ingot at INR2000/t higher on March 3
Vedanta Limited increased its aluminium ingot and aluminium products prices on Wednesday, March 3, following a cut on the previous day. Vedanta raised its aluminium ingot price by INR 2,000 per tonne to INR 183,750 – 196,750 per tonne in comparison with INR 181,750 - 194,750 per tonne on Tuesday,...
US issues anti-dumping duties on aluminium sheet import from India, Germany, Bahrain & 15 other countries
On Tuesday, March 2, the United States Commerce Department levied final anti-dumping duties on common alloy aluminium sheet import from 18 countries, including up to 242.8 per cent on Germany and 4.83 per cent on Bahrain. The news came after the US Commerce Department announced the duties following...
Indian Aluminium Industry following the Government’s footsteps to Self-Reliant Nation: Abhijit Pati
At the 58th National Metallurgists’ Day (NMD) International Conference and 74th Annual Technical Meeting (ATM), Mr Abhijit Pati, CEO & Director of Bharat Aluminium Company (BALCO), led the panel discussion on ‘Enhancing global competitiveness of Indian metals industries’, whereby he said Indian...
Vedanta Limited cuts aluminium ingot price by INR3500/t on March 2 after stupendous hike last week
Vedanta Limited has reduced its aluminium ingot and aluminium products prices with effect from Tuesday, March 2, after a colossal hike of INR 7,250 per tonne on Friday, February 26. The company has cut its aluminium ingot price by INR 3,500 per tonne from INR 185,250 – 198,250 per tonne on Friday...
Indian Railway: The anti-corrosive Zinc-Aluminium metallizing alloy on tracks to start its journey soon
The world's fourth-largest railway network by size, the Indian railway, has its first application of anti-corrosive zinc-aluminium metallizing alloy on the tracks to improve its service life and secure safety is expected to begin soon in the Nagpur, Maharashtra division of the Central railway....
Zambia’s import of Aluminium wire during 2018-19 exhibits uniform; 2020 records robust growth
In 2019, Zambia’s real GDP growth decelerated to an estimated 2%, which was down from 4.0% in 2018. The economy was hit by drought in the south and west that lowered 2018/19 agricultural production and hydropower electricity generation considerably. Severe electricity rationing followed, and long...
Hindalco Industries’ aluminium products price climbs by INR 7,250/t
Hindalco Industries Limited has raised its aluminium products price by INR 7,250 per tonne. With effect from Friday, 26 February 2021, wire rods price stands at INR 196,600 per tonne. This is an increase of 3.83 per cent from INR 189,350 per tonne on February 24. The company is selling its...
NALCO again raises its aluminium wire rod and billets prices by INR5400/t on February 26
National Aluminium Company Limited (NALCO) further expanded its aluminium products and aluminium ingot prices for the fifth consecutive time on Friday, February 26. Similar to the previous week, on February 19, the company raised its aluminium wire rod price by INR 5,400 per tonne to INR 185,250-...
COVID-19 vaccine “Covaxin” formulated with Algel-IMDG contains aluminium hydroxide gel, says CSIR
On 26 th February 2021, CSIR stated that the process technology developed by the Council of Scientific and Industrial Research–Indian Institute of Chemical Technology for the agonist (binder) molecule is playing a key role in the production of India's indigenous COVID-19 vaccine Bharat Biotech’s...
Vedanta’s aluminium prices build-up INR7,250/t in line with highest ever jump in LME aluminium price
Vedanta Limited has raised its aluminium ingot and aluminium products prices significantly with effect from Friday, February 26, following an intervening cut on February 24. The increase in Vedanta’s aluminium prices is in line with the highest ever surge of US$ 77.50 per tonne in the LME aluminium...
Self-reliant India: Aluminium set to play a key role in the movement, Bauxite Average Sale Price calls for correction
The Self-reliant India movement, a vision drawn by Narendra Modi, Prime Minister of India to make India a global manufacturing hub and aluminium industry is all set to play a key role in the movement. Presently, the worldwide manufacturing sectors like aerospace, space exploration, national...
Coal India to invest INR 38,000 crore in Aluminium smelting Greenfield project
The Indian public sector coal mining and refining company, Coal India projects to invest INR 1.43 lakh crore in 26 projects in new business areas. The new business areas will incorporate a Greenfield aluminium project along with brownfield aluminium projects in a joint venture with NALCO, solar...
Hind Aluminium reports 84% drop in net sales in the December 2020 quarter
Hind Aluminium Industries Limited, a manufacturer of aluminium & alloy conductors and aluminium wire rods for use in power transmission and distribution applications, published financial results for the quarter ended December 2020. The company reported net sales of INR 13.67 crore in the quarter...
Vedanta cuts its aluminium ingots price by INR 1,750/t with effect from February 24
Vedanta has cut its aluminium products price after hiking it for the fifth time in a row. With effect from Wednesday, 24 February 2021, the prices of some aluminium ingots are in the range of INR 191,000-178,000 per tonne, representing a decline of INR 1,750 per tonne from INR 192,750-179,750 per...
Hindalco Industries’ aluminium wire rods price slips by INR 1,750/t
Hindalco Industries Limited has reduced its aluminium products price today. With effect from Wednesday, 24 February 2021, wire rods price stands at INR 189,350 per tonne, a drop of INR 1,750 per tonne from INR 191,100 per tonne on February 19. The company is selling its aluminium billets and...
Vedanta CFO GR Arun Kumar resigns
On 22 nd February 2021, mining and metal giant Vedanta announced that G R Arun Kumar has resigned from the company as Chief Financial Officer (CFO). However, the company said in a filing to BSE that it will declare the effective date of relieving of Kumar and details of the successor in due course....
Vedanta Limited expands its aluminium wire rod and billets prices by 2% with effect from February 19
Vedanta Limited has continued to increase its aluminium products and aluminium ingot prices with effect from Friday, February 19. The company’s aluminium wire rod price has come in at INR 187,250 – 194,750 per tonne, up significantly by INR 3,750 per tonne or 2.04 per cent from INR 183,500—191,000...
