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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Aluminum Association acclaims USITC’s unanimous preliminary verdict on imports of common Aluminum alloy sheet
On 22 nd April’20, the U.S. International Trade Commission (USITC) made a unanimous preliminary determination that unfairly-traded imports of common alloy aluminium sheet from Bahrain, Brazil, Croatia, Egypt, Germany, Greece, India, Indonesia, Italy, Republic of Korea, Oman, Romania, Serbia,...
NALCO’s aluminium ingot price stands at INR 143,150-146,650/t
National Aluminium Co Ltd has cut the prices of its aluminium ingots. With the latest cut, the prices of ingots came in at INR 143,150 per tonne to INR 146,650 per tonne, with effect from Friday, April 17. The price of aluminium billets is currently hovering at INR 146,600 - INR 149,250 per tonne....
“COVID-19” effect: FIMI urge Govt. of India to abolish export duty on non-metallurgical grade Bauxite
FIMI, the mining body of India, stated that as COVID-19 has hit all sectors, so they have urged the government of India to remove the 15% export duty on non-metallurgical grade bauxite. The shipments of this grade bauxite can bring in additional revenues for the exchequer. Federation of Indian...
Vedanta hiked aluminium ingot prices with effect from April 21
Vedanta has hiked the aluminium ingot price by nearly 1%. With effect from April 21, the prices of some ingots are in the range of INR 130,000-143,000 per tonne, from INR 128,500-141,500 per tonne. With the latest hike, the price of billet currently stands at INR 138,000 per tonne. The Indian...
US aluminium scrap exports to India stood down by 6.17% M-o-M in January’20, but edged higher by 61% Y-o-Y
United States Geological Survey report for January 2020 showed that the US in the said month exported 28,900 tonnes of aluminium scrap to India. This stood down month-on-month by 6.17 per cent, but when compared to the corresponding period last year, it edged higher by 61 per cent sharp. In...
Hindalco raises its aluminium ingot price by INR 3,500/t after five cuts in a row
Hindalco Industries Ltd has increased the prices of its aluminium ingots, billets and wire rods after cutting them five times in a row. With effect from April 17, the price for Hindalco aluminium ingots now stands at INR 134,500 per tonne, an increase of 2.67% or INR 3,500 per tonne from INR...
Vedanta’s Lanjigarh Unit comes forward to help District Administration in COVID19 preparedness
Vedanta’s Lanjigarh alumina refinery has extended its support to the Government and District Administration for the fight against COVID19 by providing Personal Protection Equipment (PPEs) to the medical staff of the COVID hospital in Bhawanipatna. The unit has also given 60,000 surgical gloves,...
Electric vehicles sales in India jump 20% in FY20, driven by electric two-wheelers
Electric vehicle sales in India have reportedly 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 form bulk of the nascent industry. Of 156,000 units, electric two-wheelers sales accounted for 152,000 units...
NALCO obtains coal mining lease for Angul’s Utkal-D block: Power efficiency for its aluminium production is the root cause
The National Aluminium Company Ltd. (NALCO), the Indian state-owned aluminium production Company, on 18 th April’20, made public that it has obtained the mining lease of Angul’s Utkal-D coal block. The permission has been granted by the Odisha state government and a notification has been issued on...
Indian firm Raghu Vamsi Aerospace Group develops economical ventilators using aluminium plates
Raghu Vamsi Aerospace Group, based in Hyderabad, India, has been manufacturing aerospace parts and sub-assembly components. The firm has developed a fully functional advanced portable ventilator — ‘Telangana Economical Ventilator-TEV 100’. The group companies Raghu Vamsi Aerospace, Sigma Micro...
Land acquisition issue creating a delay for Aluminium bodied coaches assembling unit for Pune Metro
Pune Metro's coach assembling unit is waiting to get land allotted near Nagpur in Maharashtra. Maharashtra Metro Rail Corporation (MahaMetro) had sought land from both the Jawaharlal Nehru Port Trust (JNPT) and Maharashtra Industrial Development Corporation (MIDC) but yet to get any response. The...
Endurance Technologies acquires 99% in Adler SpA
Endurance Technologies announced that its subsidiary Endurance Overseas Srl, Italy, has acquired controlling equity stake of 99% in Adler SpA. The corporate name of Adler is being changed to Endurance Adler SpA. Endurance Technologies is a manufacturer of aluminium casting (including alloy wheels),...
India drags US to WTO's safeguard committee for hiking duties on aluminium derivatives
India has solicited consultations with the US, under the WTO's safeguard agreement, against American authorities' decision to hike import duties on derivatives of aluminium products. In January’20, the US exuded a presidential decree stating that aluminium derivatives would be subject to tariff...
Top five aluminium scrap importers from the US in 2019
The US exports of aluminium scrap stood at 140,000 tonnes in December 2019, according to the latest report from the US Geological Survey. Exports dropped by 7.28% from November’s export of 151,000 tonnes and 10.83% from October’s export of 157,000 tonnes. The US exports of aluminium scrap have been...
The “COVID-19” outbreak: Indian Aluminium producers keeping their eyes at accumulating inventory
Indian aluminium producers are keeping their eyes at the possibility of accumulating of metal as COVID-19 outbreak has compressed the domestic consumption besides leading to a demand shrinking among importing countries. The present situation is like hocus-pocus for the aluminium companies that were...
US aluminium scrap exports in January'20 record a rise of 4%, but exports to India fall
After back-to-back falls in the United States aluminium scrap exports in November and December, January 2020 saw a marginal rise, according to the US Geological Survey data. Compared to 140,000 tonnes in December 2019, the United States in January 2020 exported 146,000 tonnes, registering a rise of...
Effect of COVID19 on Indian Aluminium Industry
On Tuesday, March 24, Prime Minister Narendra Modi announced a countrywide lockdown for 21 days starting Tuesday midnight. Since the announcement, no report of production cuts at smelters and refineries of three major Indian aluminium giants have arrived so far, except that Hindalco has temporarily...
Vedanta's aluminium ingots prices now at INR127,250-140,250/t after sixth consecutive cut
Vedanta for the sixth consecutive time has cut its aluminium ingots prices by nearly 1 per cent, with effect from Wednesday, April 1. The company had cut the prices of these products by 2 to 3 per cent. After the cut with effect from April 1, Vedanta is now selling ingots at INR 127,250 per tonne...
