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 and Vedanta cut aluminium prices by 1% after two consecutive hikes
After raising prices two times in a row, Hindalco Industries Limited reduced the prices of aluminium ingots, billets, and wire rods by 1 per cent, with effect from Saturday, January 4. From INR 145,250 per tonne, as of December 25, Hindalco decreased the aluminium ingot price by 1.03 per cent to...
Odisha aluminium producers should make optimum use of its capacity to meet national demand, says Vedanta CEO
In a recent interview with Orissa POST, Chhavi Nath Singh, CEO of Vedanta Limited, Jharsugda, called attention to Odisha’s mining potentials while speaking about the company’s role and vision for the state in 2020. He said the industries must strive for self-reliance in sectors where the states...
Vedanta to bid in the forthcoming rounds of bauxite auctions, report says
According to a report on December 31, Anil Agarwal-led Vedanta Limited declared that it would bid in the impending rounds of auctions for bauxite and iron ores, while looking forward to the government’s action towards restructuring the import duties of primary aluminium, scrap and downstream...
Aluminium usage and evocative ride to the post-independence era of Town Hall, Mumbai
Town Hall’s Mumbai outlet owns paradigmatic character and identity which persevere consuming the brand's historic context into a modern set up. Snuggled in a concrete and glass building in a highly commercialized and modern-day Mumbai, the challenges were many in this project for Group DCA, the...
“Land allotted to Jindal group for Bauxite mining required to be taken back”
The members of the All India Kisan Sangh (AIKMS) and Progressive Organization of Women (POW) have urged the Government to take back the land allotted to Jindal South West Aluminium in S Kota Mandal in Vizianagaram district for Bauxite mining. Numerous people’s organization demanded the government...
Carbon tax on coal gets waived to boon Aluminium, Steel industry
The government’s manifesto to waive a clean energy cess levied on coal is anticipated to bring down production costs for aluminium and steel producers who use it as a fuel mix. The proposal, which focuses to enhance the financial health of power utilities and distribution companies, was put ahead...
Odisha High Court issues order over illegal bauxite mining at Kodingamali
The Orissa High Court has directed the Secretary of State Mines department to consider and persuade within six weeks, the representation filed by Kodingamali Surakshya Manch to stop illegal mining from Kodingamali bauxite mines in Laxmipur area of Koraput district. The division bench of Chief...
Vedanta Resources Ltd Interim Results FY2020
Vedanta Resources Ltd published their interim results FY 2020. There is a 5% decrease in revenue which accounted to $ 6.1 billion (H1 FY2019: $ 6.5 billion), mainly operated by lower commodity prices, partially offset by auxiliary volumes from the onset of Gamsberg operations and higher sales at...
Vedanta’s Lanjigarh alumina refinery wins Gold at India Manufacturing Excellence Awards 2019
According to a recent report, Vedanta’s Lanjigarh alumina refinery has won a prestigious Gold award under the Metals Sector at Frost & Sullivan’s India Manufacturing Excellence Awards 2019. Mr. Rakesh Mohan, Chief Operating Officer (COO) of Vedanta’s Lanjigarh unit, received the award on behalf of...
Expansion plans to get re-evaluated by Nalco
The Indian state-owned aluminium giant Nalco is planning to re-evaluate its expansions plans, as per the words of Chairman and MD Sridhar Patra which came on 27 th December’19. He upfront refused to provide details as the planning has to be placed before the board for further approval. On the...
Vellore gets started with reverse vending machines
Reverse vending machines were set afloat in Vellore on 26 th December’19, which can control both plastic bottles and beverage cans. Mr. A. Shanmuga Sundaram, District collector of Vellore, Tamil Nadu, while launching the smart dustbins announced the number of steps the Vellore City Municipal...
Vedanta and Hindalco raised price of aluminium ingots by 1% with effect from Wednesday December 25
Two major Indian aluminium producers Vedanta and Hindalco have raised their ingot prices in the domestic market. Vedanta has increased the prices of aluminium ingots by more than 1% with effect from December 25. The price for Vedanta aluminium now stands at INR 143,750-156,750 per tonne. This is...
India’s exports of total aluminium to the US drop 8% in Q3 2019; semi-finished exports stand 20% higher
India’s exports of total aluminium including crude metal and alloys and semi-finished products to the US in the first three quarters of 2019 stood 8.19% lower than the same period of 2018. India exported 164,800 tonnes of aluminium to the US in January-September, from 179,500 tonnes in...
Aluminium scrap imports increased in India during April-September despite auto sector slowdown
According to a recent report, the slowdown in the automobile sector in India could not resist the rise in aluminium scrap imports during April-September of the financial year 2019-20. As per the data submitted to the Ministry of Finance, citing figures from the Society of Indian Automobile...
Recap 2019: The top trade newsmakers in aluminium, driven by changes in policies, demand and consumption
Like every other year, 2019 has also witnessed some increase and decrease in aluminium upstream as well as downstream trades across the globe, in tandem with the rise and fall in production, demand, consumption. For instance, while the imports of bauxite by China during January-October rose 18.4...
US aluminium scrap exports in September dropped 6% MoM; Malaysia remained the leading importer
According to the United States Geological Survey, the country in the first month of Q4 2019 (September) exported 155,000 tonnes, down 6.06 per cent from 165,000 tonnes in August 2019. The export volume in August was, however, higher month-on-month by 8.5 per cent from 152,000 tonnes in July. In...
Aluminium Association demands 2.5-5% import duty hike across all aluminium products
According to a recent report, the Aluminium Association of India has urged the government to raise basic customs duty across all aluminium products in a range of 2.5 per cent to 5 per cent for restricting metal scrap imports. The association suggests the duty to be incorporated in the upcoming...
Singapore records significant growth in aluminium scrap export in 2018; exports to India surges 224% YoY
Singapore exports substantial amount of aluminium scrap globally and has a huge demand in various countries in India, Indonesia, Pakistan, Malaysia, and Thailand. India has been the top importer of aluminium scrap from Singapore. According to recent estimates, Singapore’s exports to India stood at...
