Vedanta's ₹210b metals push targets India's EV and critical minerals demand
Vedanta is expanding aluminium, copper and other metals capacity as electric mobility and India's demand for critical minerals reshape the domestic materials market. Vedanta Group is putting INR 210 billion (USD 2.21 billion) into metals production and capacity through FY2026, building a broader...
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,...
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Union Minister urges Govt. of India for the onset of NALCO’s brownfield expansion project in Odisha
On 4 th January 2021, the Union Minister of Petroleum and Natural Gas, Dharmendra Pradhan delivered a letter to Prahlad Joshi, Coal and Mines Minister proposing him to increase the production capacity of Nalco’s Aluminium smelter plant at Angul. Pradhan in his letter has urged Joshi to take...
NALCO begins the year 2021 with a significant aluminium ingot price cut by INR4900/t with effect from January 1
National Aluminium Company Limited (NALCO) has continued to reduce the prices of its aluminium ingot and aluminium products for the second time in a row after two weeks on January 1, 2021. With the latest cut, NALCO’s aluminium ingot price has come in at INR 167,450-170,950 per tonne, down by INR...
Triumph Tiger 850 Sport to fire Indian roads in 2021, usage of lightweight aluminium reduces weight by 7 kg
In November’20, Triumph Tiger 850 was showcased and it will be launched in India this year. It will be the entry-level adventure bike in the company's portfolio and will be powered by 888 cc engine. The launch of Tiger 850 Sport in the Indian market is projected to take place before mid-2021. The...
Vedanta cuts its aluminium ingot price by INR2,500/t with effect from January 1
Vedanta has reduced its aluminium products price for the third time in a row. With effect from Friday, 01 January 2021, the prices of some aluminium ingots are in the range of INR 163,750-176,750 per tonne. This is up by INR 2,500 per tonne from INR 166,250-179,250 per tonne on December 30. The...
IMS being developed for multiple sectors, including aluminium: Ministry of Commerce and Industry, Govt. of India
On 30 th December’20, the Ministry of Commerce and Industry said import monitoring system is being developed for multiple sectors and it also includes aluminium among others. The import monitoring system would support to accumulate advanced information on imports of the listed products and make it...
Vedanta bags Radhikapur West Coal Block, an advantage for its Jharsuguda Aluminium Smelter
Vedanta, a subsidiary of Vedanta Resources and also India’s largest producer of aluminium has cropped up as the highest bidder for the Radhikapur West coal block, located in Angul district, Odisha. The coal is just at a distance of about 190 km from Vedanta’s Jharsuguda Aluminium Smelter. The coal...
Hindalco Industries reports INR 2,250/t decline in its aluminium product price
Hindalco Industries Limited has cut its aluminium products price after raising it on December 25. With effect from Wednesday, 30 December 2020, the company’s wire rods price stands at INR 179,850 per tonne, representing a drop of INR 2,250 per tonne, from INR 182,100 tonne on December 25. Aluminium...
Recap 2020: The COVID-19 impact on global Bauxite segment and red mud utilization
The data analytics and consulting company, headquartered in London, GlobalData Plc in April’20 reported that bauxite miners generally been unaffected, with the major producing countries of Australia, Guinea and Brazil were yet to announce the closure of mines at that time and mines in China have...
COVID19 double whammies India’s light weight vehicle market; Sales to drop by 22-25% affecting aluminium consumption
The light vehicle market in India is estimated to see a drop in 2020, with sales falling 22-25 per cent, found two top global vehicle forecasting firms. This will be the highest decline among the top ten global markets, bringing India's position down below the top five. India is estimated to lose...
Recap 2020: Electric vehicles demand in India witnessed massive growth; COVID-19 hit aviation industry
2020 witnessed a massive growth in electric vehicles, whereas the aviation industry affected due to coronavirus pandemic. The Electric vehicle sales in India recorded a growth of 20 per cent to 156,000 units in the financial year 2019-20, largely driven by the sales of electric two-wheelers that...
Vedanta extends aluminium product price cut by INR1500/t with effect from December 30
Vedanta Limited has extended the price cut of its aluminium products and aluminium ingot with effect from Wednesday, December 30. Marking the second consecutive decline, Vedanta’s aluminium wire rod price has come in at RMB 173,750-181,250 per tonne on December 30, down by INR 1500 per tonne from...
Elon Musk’s Tesla EV all set to begin its Indian journey in 2021; research on aluminium-ion batteries is ongoing: Minister of Road Transport and Highways, Govt. of India
Tesla Inc., the American electric vehicle and clean energy company will start operations in India early next year, as commented by Nitin Gadkari, Minister of Road Transport and Highways, Govt. of India. Tesla is considered as the world’s most valuable automobile company, evaluated as more than...
India begins anti-subsidy investigation against Malaysia’s aluminium primary foundry alloy ingots exports
According to a recent report, India has started probing into alleged subsidised aluminium products exports by Malaysia, following a complaint by the domestic industry. The news came after the Directorate General of Trade Remedies (DGTR) began an anti-subsidy investigation to examine if Malaysia’s...
Coal India plans INR 1 lakh crore investments for its diversification into aluminium value chain and solar industry
The government of India has reportedly approved state-run Coal India Limited’s diversification plan into aluminium value chain and solar industry. Coal India has planned INR 1 lakh crore investments in building two aluminium plants in the eastern region and an entire solar module manufacturing...
Hindalco raises its aluminium wire rod and billets prices by INR1250/t after an intermittent cut
Hindalco Industries Limited increased the prices of its aluminium products and aluminium ingot on Friday, December 25, following an intermittent cut on Thursday, December 24. Hindalco raised its aluminium wire rod price by INR 1,250 per tonne from INR 180,850 per tonne to INR 182,100 per tonne....
Andhra Pradesh state govt. considers buying out Rakia’s stake in Anrak Aluminium venture
The Andhra Pradesh state government in India is considering acquiring the Ras-Al-Khaimah Investment Authority’s (Rakia’s) stake in Anrak Aluminium joint venture. This is an effort to settle the dispute after several years under international arbitration. However, the state government lately...
Recap 2020: Slowdown in production activities due to COVID19 let down primary aluminium demand & prices; Recovery began in H2
The first half of 2020 experienced a steady drop in primary aluminium prices worsened by falling demand for the metal due to the COVID19 pandemic. Slowdown in global economy caused by the unprecedented crisis touched upon almost all the industrial sectors, including automobile, construction, and...
Coal India board delivers “Green Signal” for venturing into Aluminium value chain
On 24 th December’20, Coal India Ltd., the Indian public sector coal mining and refining company and also the world’s largest coal-producing company’s board have delivered in-principle approval for venturing into the aluminium value chain, solar sectors and creation of special purpose vehicles...
