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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Aparna-Craft forays into premium aluminium window and door systems with new brand Alteza
Aparna-Craft, a joint venture between Aparna Enterprises, and Craft Holdings, Hong Kong, has forayed into premium aluminium window and door systems with the launch of its brand Alteza. Alteza will initially support the growing demand for these products in the Southern and Western markets,...
Hindalco Industries hands over India’s first all-aluminium freight trailer to UltraTech Cement
Hindalco Industries Limited has handed over India’s first all-aluminium freight trailer in Rajasthan to Kamal Exim Pvt. Ltd., a leading Jaipur-based transporter of UltraTech Cement Limited. The 34-foot long aluminium freight trailer can ferry a wide range of materials such as cement, alumina, fly...
Union Petroleum Minister requests Centre to restart infrastructure upgrade at Angul Aluminium Park
According to a recent report, Union Petroleum Minister Dharmendra Pradhan has urged the Centre to resume the project for upgradation of infrastructure at Angul Aluminium Park in Odisha. He wrote to Union Commerce and Industry Minister Piyush Goyal seeking his personal intervention to direct the...
Japan’s aluminium plates, sheets and bars exports to US declined 5.41% in August
According to the United States Geological Survey, Japan’s aluminium plates, sheets and bars exports to the US recorded a decline in August by about 5.41 per cent to 4,890 tonnes, followed after three consecutive months of growth. In July, Japan’s export volume of aluminium plates, sheets and bars...
Vedanta increases aluminium ingots price by more than 1% after two consecutive cuts
After two consecutive cuts, Vedanta Limited reportedly increased the prices of aluminium ingots by more than 1 per cent, with effect from Thursday, November 28. Thus, the ingots price now range between INR 142,500 per tonne and 155,500 per tonne. Companies generally link prices of their products to...
Enkei Wheels (India) Limited signs agreement to establish Joint Venture Company
Enkei Wheels (India) Limited (EWIL), a manufacturer of the aluminium alloy wheels, has signed a Joint Venture Agreement to establish a Joint Venture Company with Nikkei MC Aluminium Co. Ltd, Japan, Century Metal Recycling Limited, India and Enkei Corporation, Japan. The purpose of the JV agreement...
Vedanta's Jharsuguda bags Kalinga Safety Excellence ‘Gold’ Award at the Odisha State Safety Conclave 2019
On 22nd November, Vedanta Ltd., Jharsuguda bagged Gold Award at the Odisha State Safety Conclave (OSSC) 2019 held at Bhubaneshwar for performance year 2018 in recognition of the excellent safety practices of its 2400MW TPP. Mr. GG Pal, Director – Metal, and Mr. Krutisundar Mohapatra, Head Safety –...
Qatar’s aluminium crude, metals and alloys exports to the US recorded a drop of 30% in August
After a considerable rise of 29 per cent in July 2019, Qatar’s aluminium crude, metals and alloys exports to the United States recorded a drop in August by about 30 per cent to stand at 10,700 tonnes, found United States Geological Survey. In July, the export volume was amounted to 15,300 tonnes...
A three-day event ‘Capacity Building and Awareness Programme on Aluminium’ starting today
According to a recent report, The Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) together with Aluminium Association of India (AAI), Material Recycling Association of India (MRAI) and Aluminium Secondary Manufacturers Association is organising a three-day event...
Hind Aluminium's revenue declines 21% YoY in September quarter
Hind Aluminium Industries Limited, a manufacturer of aluminium & alloy conductors and aluminium wire rods for use in power transmission and distribution applications, announced unaudited consolidated financial results for the quarter half year ended 30 September 2019. Revenue from Operation dropped...
Hindalco eyes aluminium packaging and transport containers sector to increase the metal use
As the leading aluminium rolled products manufacturer, Hindalco Industries Limited is reportedly betting big on the packaging and transport containers sector, said a top company official on Tuesday, November 19. The move is to accelerate the per capita use of aluminium in India, which is at 2.6 kg...
United States aluminium scrap exports to India grew 15% in August after two months of decline
After month-on-month declines in the United States aluminium scrap exports to India in June and July, August this year saw a rise of 15 per cent, found the United States Geological Survey. The data showed the United States exported 24,600 tonnes of aluminium scrap to India in August, compared to...
Economy slowdown in India lowers aluminium demand by 6% in Q2 2019: Satish Pai
In a recent interview with The Economic Times, Satish Pai, the managing director of Hindalco, pointed out that the economy slowdown in India impacted domestic businesses, as a result of which, aluminium demand fell 6 per cent in the second quarter, affecting Hindalco’s business. Mr Pai also said...
India’s exports of aluminium to the US remained unchanged MoM in August; semi-finished exports down 2%
India’s exports of aluminium (crude metal and alloys and semi-finished products) to the US totalled 10,800 tonnes in August 2019, unchanged from last month's data. Exports dropped by 29.41% from June’s exports of 15,300 tonnes, 53.85% from May’s exports of 23,400 tonnes, and 62.63% from April’s...
Vedanta hikes aluminium product prices 2% to six-week high levels
Vedanta Ltd has hiked the prices of aluminium ingots by nearly 2% with effect from Saturday, trade sources told Cogencis. The company has hiked the prices of its products the second time in a week, and they are now at their highest level in six weeks. Vedanta has currently priced its ingots in the...
Wheels India to open new aluminium wheel facility in Chennai
Wheels India Ltd announced it will set up a cast aluminium wheel plant in Thervoy Kandigai, Chennai. The company will make an investment of INR140 crore. The new facility will start operations next year with an annual production capacity of 7.5 lakh wheels. Wheels India reported a net profit of...
Indonesia’s Well Harvest Winning exported 823,997 tonnes of smelter grade alumina during Jan-Sept 2019
According to a Reuter’s report, Indonesia’s alumina producer PT Well Harvest Winning (WHW) exported 823,997 tonnes of smelter grade alumina in the first three quarters of 2019. This was communicated by company spokesman Suhandi Basri on Monday, November 4, 2019. China Hongqiao Group Ltd owns 56%...
The US exports of aluminium scrap up 9% from July and 4% from June in August
The US exports of aluminium scrap stood at 165,000 tonnes in August 2019, up 8.55% month-on-month. Exports registered an increase after three straight months of decline. Aluminium scrap exports increased by 3.77% from 159,000 tonnes in June and 1.85% from 162,000 tonnes in May, according to the...
