AL Circle Analysis: Import rise meets demand growth on aluminium extrusion chessboard
Aluminium’s downstream trade network is getting more fragmented as import dependence, changing end-use demand and trade-policy interventions reshape regional markets. From North America and Europe to Asia-Pacific, the aluminium industry is navigating a market where access to supply, competitive...
HPCL Brings Energy Leaders, Researchers and Startups Together at IISc Bengaluru to Accelerate energy Innovation through MC²+ IGNITE
The Hindustan Petroleum Corporation Ltd. today hosted the Bengaluru edition of MC²+ IGNITE – India’s flagship energy innovation accelerator at the Indian Institute of Science (IISc) Bengaluru, bringing together leaders from the energy industry, academia, research, startups and the investment...
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Hindalco increases its aluminium ingot price by 1 per cent to INR138250/t with effect from July 8
Following the cut on Saturday, July 4, Hindalco Industries Limited has increased its aluminium ingot price with effect from Wednesday, July 8. With the latest hike, the company’s ingot price has come in at INR 138,250 per tonne compared to INR 136,750 per tonne on July 4, meaning an increase of INR...
Nalco’s aluminium ingot price down by over INR 2000/t after two consecutive hikes
National Aluminium Company Limited (NALCO) has cut its aluminium ingot and product prices with effect from Wednesday, July 8, following two consecutive hikes on June 20 and July 1. Nalco’s aluminium ingot price has been reduced by INR 2,100 per tonne or 1.5 per cent to INR 138,050-141,550 per...
Vedanta Ltd increases its aluminium ingot and billet prices by INR1250/t with effect from July 8
Vedanta Limited has increased its aluminium ingot and aluminium billet prices with effect from July 8, following the two consecutive cuts on July 1 and July 4. The aluminium ingot price has been raised by INR 1,250 per tonne or 1 per cent to INR 136,750-149,750 per tonne. After the last cut,...
Chinese imports worth $12 billion under the scanner of India Govt., including Aluminium products
India reviews measures to restrict imports from China; it is dusting-up by raising basic customs duties on multiple products. This would begin with non-tariff measures, such as standard specifications for hundreds of items, in the medium term, as per the sources. However, the move is not...
Vehicle scrappage policy is in the final stage of approval, awaited for Union Cabinet’s nod: Nitin Gadkari
Speaking at the inauguration of Auto Expo 2020 on Thursday, July 2, Union road transport and highways minister Nitin Gadkari confirmed that the long-delayed vehicle scrappage policy is in its last lap and to be rolled out soon. Two days before Mr Gadkari said this, finance minister Nirmala...
Vedanta cuts its aluminium products price by INR 3,000 per tonne
Vedanta cuts its aluminium products price after raising it for the second time in a row. With effect from Saturday 4 July 2020, the prices of some aluminium ingots are in the range of INR 135,500-148,500 per tonne, a decrease of 2.17% or INR 3,000 per tonne from INR 138,500-151,500 per tonne on...
Puneet Jagatramka, Director of Procurement and Supply Chain for Vedanta’s Aluminium business moves on
After 20 plus years of distinguished service at Vedanta’s various metal businesses, he is moving on for a new journey in a different industry with a new role to play. He has spent almost 9 years in the aluminium business of Vedanta. Preliminary to the aluminium segment, he has been with the mining...
NALCO’s aluminium ingots price stands at INR 140,150 – 143,650/t with effect from July 1
National Aluminium Company Limited (NALCO) has increased its aluminium products price for third time in a row. With effect from Wednesday July 1, NALCO's aluminium ingots price stood at INR 140,150 – 143,650 per tonne, registering a hike of INR 100 or 0.07 per cent from INR 140,050-145,550 per...
Hindalco again increases its aluminium prices by 1% w.e.f July 1 in line with rallying LME prices
Hindalco Industries Limited has increased its aluminium products prices by again 1 per cent for the second consecutive time, with effect from July 1, 2020. With the latest hike, the company’s aluminium ingot price has come in at INR 139,750 per tonne compared to INR 138,000 per tonne on June 27,...
Ministry of Mines, Govt. of India: Processing to install import monitoring mechanism for aluminium items
In an effort to bring in transparency and accountability in pricing and quality of imports, the Government of India will put in place import monitoring systems for aluminium. According to sources, the Ministry of Mines is at an advanced stage of the process to bring in the import monitoring...
Vedanta increases its aluminium ingot price by INR 1,750/t to INR 138,500-151,500/t
Vedanta hiked its aluminium products price on Wednesday, July 1, marking the second consecutive rise in price. With effect from Wednesday 1 July 2020, the prices of some aluminium ingots are in the range of INR 138,500-151,500 per tonne, a rise of INR 1,750 per tonne or 1.28% from INR...
India undertakes anti-subsidy probe in the export of Aluminium wire by Malaysia
The Government of India on 30 th June’20 commenced a probe into alleged subsidised exports of aluminium wires from Malaysia, as it is affecting the domestic industry, following a complaint by Vedanta Ltd and Bharat Aluminium Company Ltd. The investigation arm of Ministry of Commerce, Directorate...
AIS Windows partners with AluK for aluminium window and door systems
AluK has collaborated with AIS Windows for the supply of AluK’s aluminium window and door systems. AIS Windows will manufacture and distribute these products in Indian market. Vikram Khanna, COO (consumer glass business), CMO, CIO, AIS, said, “AIS Windows has been delivering high quality window and...
India-China skirmish effect: Delay in Haima Austomobile's new energy vehicle debut in India
Sino-China tension, in addition to the on-going economic disruption due to the COVID-19 crisis, may cause a further delay in Chinese automaker Haima Automobile’s entry in India. Earlier this year, Haima New Energy (a wholly-owned subsidiary of Haima Automobile Group) had entered into a technical...
India-China tensions: India Government mulling measures to curb aluminium imports from China
According to a recent report, India has started contemplating various measures to minimise the aluminium imports as metal shipments from China have marked a sharp hike. Ministry of Mines has formed an Inter-Ministerial Committee (IMC) to examine ways to trim aluminium imports and prop up domestic...
Hindalco hikes its aluminium ingot price by INR2,750/t to stand at INR 138,000/t
Hindalco Industries Ltd has raised its aluminium products price after cutting it by more than 1% on June 26. With effect from Saturday June 27, Hindalco aluminium ingots price now stands at INR 138,000 per tonne, an increase of 2.03% or INR 2,750 per tonne from INR 135,250 per tonne on June 26. The...
India’s refractory companies exploring new destinations to lower Alumina dependency from China
The Indian refractory companies are making arrangements to source vital raw materials like alumina from new destinations to lower dependency from China, as pressure builds on the industry to secure untroubled supplies. The pivotal refractory companies have already held conversations with leading...
Vedanta hikes its aluminium products price by INR 3,000/t with effect from June 27
Vedanta has raised its aluminium products price after cutting the price of the same product for the second time in a row. With effect from Saturday 27 June 2020, the prices of some aluminium ingots are in the range of INR 136,750-149,750 per tonne, marking an increase of INR 3,000 per tonne or...
