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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Globus Infocom to launch LED Display Wall made of aluminium at InfoComm 2019
Globus Infocom, a Make in India brand & one of the most innovatory organizations that provide advanced technological solutions, announced that it will launch new products at InfoComm 2019. The 2019 edition of InfoComm India, a dedicated exhibition platform for exceptional technological solutions,...
India’s Bharat Forge to set up forging facility with initial investment of US$56 million
Bharat Forge America, Inc., a wholly-owned subsidiary of Bharat Forge Limited, will invest approximately US$56 million initially to set up a new plant in the US. The company will construct a green-field forging and machining facility in North Carolina. The company aims to make a similar investment...
Hindalco becomes only Indian aluminium manufacturer listed on 2019 S&P Dow Jones Sustainability Indices
Hindalco Industries Limited announced that the company was added to the S&P Dow Jones Sustainability Indices (DJSI) for the first time. Hindalco was one of 12 Indian companies to be included in the Dow Jones Emerging Markets Sustainability Index. Hindalco became the only aluminium manufacturer from...
Satish Pai sees 2019 as a tough year for metals market: Source says
According a recent report, Hindalco managing director Mr. Satish Pai said in an interview that he believed the ongoing year (2019) to be a tough year for metals and commodities, with the US and China showing no sign of easing trade tensions. He pointed out the US-China trade wars which were...
UAE’s alumina imports from India to drop by 1% from the year ago, but from Indonesia to rise 8.4%
According to the global export-import data, the United Arab Emirates’ alumina imports from India is likely to drop marginally this year, in tandem with the current estimation of year-on-year decline in the UAE’s total imports of alumina. In 2019, the country’s alumina imports from India are...
Vedanta launches Primary Foundry Alloy (PFA) to support Indian auto sector and OEMs
At the 59th Society of Indian Automobile Manufacturers (SIAM) Annual Convention 2019, Vedanta Aluminium formally launched Primary Foundry Alloy (PFA) for the Indian automotive industry. With this, Vedanta became the first primary aluminium producer in India to supply the raw material for alloy...
India’s aluminium exports to the US stand 10% higher in the first half of 2019; semi-finished exports up by 38%
India’s exports of total aluminium including crude metal and alloys and semi-finished products to the US in the first half of 2019 stood 9.68% higher than the same period of 2018. India exported 136,000 tonnes of aluminium in the mentioned period. In June alone, exports came in at 15,300 tonnes,...
Federation of aluminium vessel manufacturers to appeal to the Government for GST reduction
According to a recent report, the federation of aluminium vessel manufacturers said on Sunday, September 8, that it should appeal to the Union Government for the reduction of the GST on aluminium vessels. Deputy Speaker Pollachi V. Jayaraman told the media that in the recent years, this industry...
NALCO receives Dun & Bradstreet Award for Best Export Performance
NALCO has bagged Dun & Bradstreet PSU Awards 2019 under the category Best Export Performance. NALCO received the award from the Union Minister of Heavy Industries and Public Enterprises Shri Arvind Sawant at the PSU Award ceremony in New Delhi Dun & Bradstreet, one of the leading knowledge...
NCLAT orders liquidation of Amtek Auto; lenders blame Liberty House for withdrawal of winning bid
Lenders lost all hope of recovering the dues worth INR 12,603 crore owed by the once thriving auto parts maker Amtek Auto after the National Company Law Appellate Tribunal (NCLAT) had ordered liquidation of debt-ridden Amtek Auto on August 15. The tribunal court declined the lenders' request to...
India's aluminium scrap import from the U.S. grew 74% in H1 2019; Niti Aayog and BIS to regulate scrap usage
Domestic aluminium producers are working together with planning think-tank Niti Aayog and Bureau of Indian Standards (BIS) to determine standards for scrap usage. This was done at the background of exponentially growing aluminium scrap imports and random applications of scrap. Aluminium scrap...
Saudi Arabia to export 17% lesser amount of aluminium scrap to the world in 2019 and to India 43% lower
After rising incessantly in the last three years, Saudi Arabia’s aluminium scrap export is estimated to reduce in 2019 by about 17 per cent to 142,128 tonnes, compared to 171,488 tonnes in 2018, found the global export-import data. The data also shows that Saudi Arabia’s aluminium scrap export to...
Lenovo unveils new gaming laptop Y740 in India with anodised aluminium exterior
According to a recent report, Lenovo has unveiled two new gaming laptops in India under its Legion range – the Legion Y540 and Legion Y740. Besides featuring a grey anodised aluminium exterior, the Legion Y740 packs a 15.6-inch Full HD anti-glare display which supports Dolby Vision for HDR gaming....
Hindalco to invest INR 2,000 crore for alumina capacity expansion and maintenance work
Hindalco Industries Limited on Friday, August 30, said that it decided to invest INR 2,000 crore this year, majority of which will go into alumina capacity expansion at Utkal Alumina refinery. The rest of the amount will be used towards working capital and maintenance work, said the company...
The US exports of aluminium scrap up 14% YoY in the first six months of 2019; China and South Korea top the importer list
The US exports of aluminium scrap in June stood 9.66% higher than the same period last year. Exports came in at 159,000 tonnes in June 2019. On a month-on-month comparison, aluminium scraps exports dropped by 1.85% from May’s export volume of 162,000 tonnes, according to the latest report from US...
Indian Oil Corporation to make alumina-based battery for electric vehicles
To avoid future dependency on China for lithium batteries, Indian Oil Corporation Limited (IOCL) will reportedly make an alumina-based battery, which will be used for running electric vehicles. The company executives said a foreign company had been working as a partner with IOCL for the development...
Usage of recycled aluminium surged in India at 17-18% in the last three fiscals: CRISIL Research
According to a recent survey data shared by CRISIL Research, the aggregate consumption of recycled aluminium in India has surged because of low cost. While the usage of primary aluminium has logged a compound annual growth rate of 3.5 to 4 per cent in the last three years through fiscal 2019, that...
The US considers India “the worst” in terms of tariffs on American products; G7 meeting discusses trade disputes
A top American Senator Lindsay Graham claimed on Sunday, ahead of U.S. President Donald Trump’s meeting with PM Narendra Modi on the sidelines of the G-7 Summit in France that India is “the worst” in terms of high tariffs on American products. He proposed that either the U.S. should increase...
