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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India’s aluminium semi-finished exports to the US up by 30% YoY in seven-month period
India’s exports of total aluminium including crude metal and alloys and semi-finished products to the US amounted to 147,000 tonnes in the first seven months of 2019, slightly up from 146,000 tonnes in the first seven months of 2018, as updated by US Census Bureau. Total aluminium exports by India...
WTO agrees to settle disagreement over India’s retaliatory tariffs on US products
The World Trade Organization (WTO) has finally agreed on October 28, to establish a panel to settle an issue over India’s decision to impose retaliatory import tariffs on 28 US products. The development took place one month after India declined US request in September, to set up a panel to decide...
The 9th IBAAS International Conference & Exhibition (IBAAS-JNARDDC 2020) to be held in Raipur, India in November, 2020
IBAAS has announced the 9 th IBAAS International Conference & Exhibition (IBAAS-JNARDDC 2020) to be held in Raipur, India during November 4 - 6, 2020 to be co-organized with Jawaharlal Nehru Aluminium Research Development & Design Centre (JNARDDC), India. The theme for the IBAAS-JNARDDC 2020...
The US aluminium scrap exports up 14% YoY in seven months; China and India top the importer list
The US export of aluminium scrap in July was 11% higher year-on-year, according to the latest report from the US Geological Survey. The US shipped 152,000 tonnes of aluminium scrap in July 2019, from 137,000 tonnes in July 2018. But the export volume was down by 4.4% from June and 6.17% from May....
Automobile industry should focus on electric vehicles manufacture, says Nitin Gadkari
Urging the Indian automobile industry to focus on manufacturing electric vehicles, Nitin Gadkari, the Union Minister for Road Transport and Highways, said on Wednesday: “We have to make India the global hub of electric automobile manufacturing. This is difficult but not impossible.” The automotive...
NALCO may shut down 227 electrolytic pots due to coal shortage at its CPP; shares fall 4% on Thursday
NALCO may have to close one more unit after shutting down three units of its Captive Power Plant, each of 120 megawatt capacity due to shortage of coal supply. This is likely to impact its aluminium smelting operations seriously. Nalco is currently drawing around 190 MW of power from the state grid...
Aluminium or steel water cans may replace plastic bottles in Indian trains if Modi cabinet approves
According to a recent report, aluminium or steel water cans may replace plastic water bottles in Indian railways if the cabinet ministry approves a consumer affairs ministry proposal. As per the report, the cans would be initially offered to railway passengers, especially on premium trains such as...
IBAAS joins Aluminium Stewardship Initiative as new Associations member
Aluminium Stewardship Initiative (ASI) announced that International Bauxite, Alumina & Aluminium Society (IBAAS) has joined as an Associations member. This brings the total number of ASI Members to 102. “The benefit of joining ASI is the opportunity for networking, access to research material and...
Italy to witness slight increase in aluminium bar, rods and profiles export in 2019
Italy delivered about 213314 tonnes of aluminium bar, rods and profiles to the global market in 2019, unchanged from 2017. The top export destinations of aluminium bar, rods and profiles in 2018 were Germany (21640 tonnes), Turkey (13480 tonnes), Poland (8764 tonnes), Slovenia (8146 tonnes), France...
Vedanta raises prices of aluminium ingots after 5 cuts in a row
Vedanta Ltd has raised the prices of aluminium ingots after cutting them five times in a row, trade sources told Cogencis. The natural resources major raised the prices of these products by nearly 2% with effect from Thursday, for the first time since early September. The hike in prices is in line...
IOC developing metal-air batteries from indigenous metals; In talks with Hindalco to source aluminium
Indian state government-owned oil and gas company, Indian Oil Corporation Limited (IOC), is reportedly developing metal-air batteries that will produce energy by oxidising metals such as iron, zinc and aluminium. This is to forestall dependence on lithium imports once electric vehicles and...
Vietnam’s alumina exports to India likely to record a steady growth of 26% in 2019
Vietnam started producing alumina in the year 2011 in the Central Highlands. Tan Rai alumina refinery worth $460 million, invested by state mining group Vinacomin started operation in February 2011 and export in March. Now, Vietnam has become one of the emerging alumina producing hubs on the shores...
Indian Oil Corporation in talks with Hindalco to source aluminium for EV battery unit
Indian Oil Corporation Limited (IOCL) is in talks with Hindalco Industries Limited to source aluminium for its proposed one GW (gigawatt) aluminium air battery facility as the State-owned entity looks for an alternative to lithium-ion batteries. This move is in tune with the government’s strategy...
Nalco expands its downstream product range with Aluminium Alloy 1200
National Aluminium Company Limited (NALCO) has reportedly launched Aluminium Alloy 1200 (AA 1200), adding one more downstream product to its existing product range. This alloy is similar to alloy AA 1100 and has a wide application in the manufacture of LED lamp cap. Tapan Kumar Chand, chairman and...
Vedanta plans to build an aluminium flat rolled products plant with capex of INR 2,500 crore
According to a recent report, Vedanta is considering to set up an aluminium flat rolled products plant with an estimated capital expenditure of INR 2,500 crore. This is part of a plan to expand its portfolio of value-added products, said a senior official. The capex will be part of Vedanta’s INR...
Andhra Pradesh CM sanctions order to cancel bauxite mining lease in Visakhapatnam agency area
The Chief Minister of Andhra Pradesh, India, YS Jagan Mohan Reddy, sanctioned an order to cancel bauxite mining in Visakhapatnam District. The order cancelled bauxite mining lease in 3,030 acres of land, in the forest areas of Visakhapatnam, awarded to Andhra Pradesh Mineral Development Corporation...
Cabinet approves proposal for scrapping old vehicles, policy to be out soon: Union Minister
The Road Transport and Highways Minister Nitin Gadkari reportedly said that he cleared a cabinet note on the proposed vehicle scrapping policy, while the finance ministry approved it. So, a final call should be taken on the policy soon, said the Union Minister, adding that it will be applicable on...
Indian primary aluminium producers may see pressure on profits due to falling metals prices: Nalco
Falling global prices of alumina and primary aluminium are likely to put pressure on Indian primary aluminium producers, in terms of profits, warned Tapan Kumar Chand, Nalco’s chairman & MD at the company’s 38th annual general meeting on September 18, 2019. At present, the LME’s average price of...
