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 extends retaliatory tariffs deadline on US products for the sixth time
India, yet again, reportedly extended the retaliatory tariffs deadline on 29 US products till April 1, as on Tuesday, February 26. According to the report, the commerce ministry asked its finance counterpart to defer the implementation of duties, as discussions for a proposed trade package is still...
NDMC to open 25 electric vehicle charging stations in Delhi in March
In a significant push to the Central government’s ambitious plan to switch to electro-mobility by 2030, the New Delhi Municipal Council (NDMC) has initiated a process to set up and open electric vehicle charging stations for the public in various places in Delhi. The civic agency has already...
An India-US trade deal is expected to be signed soon to bring about a solution to steel and aluminium tariffs
India’s timeline of March 2 for imposing retaliatory duties on US items in response to U.S. duties on its steel and aluminium is likely to be postponed by a few days and an India-US trade deal is expected to be wrapped up soon. A government official told media that the Commerce Ministry and the US...
National Aluminium Company Limited aims for over INR2,000 crore net profit by 2020
National Aluminium Company Limited (NALCO) aims to raise its net profit to more than INR 2,000 crore by 2020 and INR2,500 crore in next three years, said Tapan Kumar Chand, CMD NALCO, while inaugurating the 2 day long 5th National management conference (NamCon-2019) on “Weatherproof organization:...
India’s estimated alumina imports from Australia and Vietnam grow YoY in 2018
According to the global export-import data, India’s estimated aluminium imports from Australia and Vietnam in 2018 grew year-on-year in tandem with the rise of the country’s total alumina imports. In 2017, India had imported 1.50 million tonnes of alumina from Australia and 339,459 tonnes from...
Grasim Industries to acquire KPR’s Chlor-Alkali Business for INR253 crore
Grasim Industries Limited, a part of the Aditya Birla Group, signed a definitive agreement to acquire the Chlor-Alkali Business of K.P.R. Industries (India) Limited for INR253 crore in a cash deal. K.P.R. Industries’ Chlor-Alkali Business consists of an under-construction 200 TPD Chlor-Alkali...
India gets state-of-the-art Runaya Refining Project in Odisha
Honourable Chief Minister of Odisha, Shri Naveen Patnaik laid the foundation stone of Runaya Refining at Jharsuguda, today. The project is an end-to-end green solution for the recovery of aluminium and processing residual waste from Aluminium smelters. The ceremony was held in presence of Mr....
ARD Aluminium signs agreement with BOI to manufacture aluminium food containers, foil wraps
ARD Aluminium (Pvt) Ltd will construct a US$ 1.7 million manufacturing facility at Mirigama Economic Processing Zone (EPZ) in Sri Lanka. The Board of Investment of Sri Lanka and ARD Aluminium (Pvt) Ltd signed an agreement to build a plant for the production of aluminium food containers with lids...
ALUMINIUM INDIA 2019 - Cooperation with INCAL Conference off to a successful start
ALUMINIUM INDIA 2019 has clearly evidenced the future market opportunities and rising demand for technologies in the aluminium industry on the Indian continent. In excess of 2,000 visitors travelled to the East Indian city of Bhubaneswar to visit the trade fair from 31 January to 2 February. The 87...
Hindalco eyeing lithium for strengthening its aluminium business
According to a report by Business Standard, Hindalco Industries is eyeing lithium in the minor mineral space for strengthening its aluminium business. Managing Director Satish Pai said: “Lithium is the closest to our (aluminium) business, and in India, there could be some opportunities in this...
NALCO reports 80% growth in its operating profit in Q3 2018-19
National Aluminium Company Limited (NALCO), announced its financial results for the third quarter ended December 2018 and up to end third quarter 2018-19. India’s leading manufacturer and exporter of alumina and aluminium posted a higher than expected operating profit of INR589 crore in the 3rd...
Andhra Pradesh to roll out 10 lakh EVs and 1 lakh charging station by 2024
Following Delhi and Kerala, Andhra Pradesh now aims at deploying 10 lakh electric vehicles across all segments and 1 lakh charging station in the next five years. The news came after Chandrababu Naidu-led government rolled out its electric vehicle policy on Wednesday, February 7. Per the report,...
Aluminium futures slip 0.29% on muted demand
Aluminium prices softened by 0.29 per cent to Rs 136 per kg in futures trade Thursday as speculators cut bets amid subdued demand at domestic spot market. At the Multi Commodity Exchange, aluminium for delivery in February eased by 40 paise, or 0.29 per cent, to Rs 136 per kg in a business turnover...
Australia’s alumina export likely to grow marginally in 2019: South Africa to top the importers list
With seven refineries operating, Australia is the world’s second largest producer and exporter of alumina. It mostly produces smelter grade alumina for both the domestic and export markets and accounts for 22 per cent of the global production. Rio Tinto, Alcoa, South32 are some of the few...
Government policy allowing 100% FDI boosts investments in aluminium industry: Mines Minister
While speaking at the concluding ceremony of INCAL-2019, Narendra Singh Tomar, union mines minister said that foreign direct investment (FDI) inflows raised in the aluminium industry led by the policy of allowing 100 per cent FDI in automatic route for mining and exploration in metal and non-metals...
Hindalco exhibits aluminium bulker and its benefits at INCAL 2019
At the 7 th International Conference on Aluminium and Exhibition (INCAL-2019), Hindalco demonstrated a dry bulk carrier made from indigenous aluminium and showed its enormous benefits. The bulker will be used for carrying cement, fly ash, food grains, PTA powder, and alumina. <iframe width="560"...
Metra been the real star in the transportation section of INDO-ITALIAN HUB, with participation to INCAL 2019
In concurrent with INCAL 2019, the INDO-ITALIAN METALHUB programme by ArtValley also continued with great success, targeting at decision makers in the industrial sectors in India and in Italy while focusing on the industrial and cultural exchange between the two countries. The programme...
Vedanta aims to cut aluminium production cost to $1,700 per tonne
According to a report by Business Standard, Vedanta intends to cut down its aluminium production cost to US$1,700 per tonne from the current cost of US$ 1,900 per tonne. Per the report, the company aims to do this by the end of the financial year. Ajay Dixit, chief executive officer (CEO) of...
