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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Odisha at INCAL invites investors to establish downstream aluminium industries
Some industry stalwarts at the International Conference on Aluminium (INCAL) opined that Odisha offered tremendous opportunities to investors to set up downstream aluminium industries. INCAL-2019, jointly organised by NALCO, Aluminium Association of India and the Ministry of Mines, is taking place...
India defers its retaliatory tariffs on American products yet again
According to The Financial Express report, India is likely to defer the levy of retaliatory tariffs to another 30 to 45 days from the revised deadline of January 31, 2019. This will be the fifth time that India would postpone its tit-for-tat duties worth close to US$235 million on 29 American...
UAE’s alumina import to rise 19% in 2019; India continues to be the key supplier
Being one of the world’s top aluminiumproducing countries, the United Arab Emirates’ import of alumina is expected to rise in 2019 after a year-on-year drop till last year. According to our third-party data, the UAE in 2016 had imported 1.67 million tonnes and from then on the volume dropped...
India's increasing downstream aluminium products imports affect domestic operation: Source says
According to a Business Standard report, the increasing dumping of aluminium downstream products in the Indian market from China has adversely affected the domestic operation of these items. Moreover, decreased global prices and low export incentives in the Merchandise Exports from India Scheme...
Québec Aluminium delegation in India from 28th January to 3rd February 2019
A delegation of 6 equipment manufacturers and technology suppliers from Québec’s aluminium value chain and AluQuébec, the apex business cluster of Québec in the aluminium sector, is visiting India from 28 th January to 3 rd February, 2019. The 6 companies having wide-ranging expertise in the...
Much-awaited twin-event ALUMINIUM INDIA 2019 and INCAL Conference to begin in a day
Being a media partner of the twin-event ALUMINIUM INDIA 2019 and INCAL Conference, we hereby, would like to take the opportunity to remind you that the events will begin in a day on January 31 till February 2 in Bhubaneswar to offer a mega platform for exchanging ideas on latest technological...
Nalco aims at achieving INR 1,600 crore net profit in FY2018-19: Chand says
A Navaratna CPSE under Ministry of Mines National Aluminium Company Limited (Nalco) has reportedly aimed at achieving a net profit of over INR 1,600 crore and revenue of INR 12,000 crore during the on-going fiscal 2018-19. The news came after the company’s CMD Dr. Tapan Kumar Chand said: "We have a...
ALUCAST 2018 concluded successfully in Noida, India, with record number of national and international participants
ALUCAST 2018, the biennial International Conference and Exhibition on Die Casting Technology – concluded successfully on 8th December, 2018 at the India Expo Mart, Noida. Organized by Aluminium Casters’ Association of India (Alucast), and produced by NürnbergMesse India, the three day event...
FLSmidth to supply machinery and equipment for the extension of UAI’s refinery in Odisha
According to a report, FLSmidth has signed a contract with Hindalco (UAI) to supply machinery and equipment for the extension of Utkal Alumina International’s (UAI) refinery in Odisha, India. UAI is a wholly-owned subsidiary of Hindalco Industries and flagship metal company of the Aditya Birla...
Vietnam’s alumina export expected to see a year-on-year rise in 2019
Vietnam, the emerging alumina producing hub on the shores of the South China Sea, has recorded an increase in its offshore alumina sales over the last three years. In fact, as suggested by the available international trade data, the alumina export by Vietnam has become more than double since 2015....
India’s aluminium imports record a 24% rise during April-October 2018
Following China and the United States’ sanctions, India’s aluminium imports have reportedly recorded a year-on-year rise by 24 per cent during April-October 2018. According to executives, the volume of inbound shipments may grow further and cause more distress to the domestic industry. Scrap...
Bajaj Auto’s updated Dominar 400 with brushed aluminium finish to be launched this month
Bajaj Auto’s flagship product Dominar 400 is awaited to appear in new, upgraded avatar later this month, and take the company’s sales to a whole new height. 2019 Bajaj Dominar will have various new features such as all-new twin exhaust system with brushed aluminium finish. The exhaust system is not...
Recycling Recap 2018: New projects, awareness activities, and imported tariffs marked the year
2018 marks an eventful year for the global secondary aluminium industry with a series of new investments, expansions, awareness activities, and also a bit of intermediate twist and turns in the market. China’s retaliatory tariffs on the US scrap exports, Aluminium Association of India’s proposal to...
LIXIL enters into agreement with aluminium windows and doors manufacturer AluK
LIXIL, maker of pioneering water and housing products, entered into an agreement with AluK, global leader in designing aluminium windows, doors and façade systems, through LIXIL’s renowned brand TOSTEM, to cater to the windows and doors market in India. TOSTEM is celebrated for its high quality...
India’s bauxite output growth to accelerate even amidst strict regulations and tribal tensions: Fitch Solutions
Fitch Solutions Macro Research study shows that in spite of a positive outlook for India’s bauxite mining industry, tightening environmental regulations and tribal tensions may pose downside risks by slowing new projects. Nevertheless, the study also indicates that India’s bauxite output growth...
Bharat Forge shares hit 23 months low after dropping automobile sales numbers in December
Shares of Bharat Forge (BFL) hit a 23-month low of INR 470 per share, down 4 per cent on the BSE in early morning trade in an otherwise firm market. This followed a after the domestic automobile companies reported bearish sales numbers during the month of December 2018, driven by adverse...
Vedanta and Hindalco cut their ingot prices on January 3 after the fall in LME prices
Vedanta Ltd cut prices of aluminium ingots for the fifth time in a row by more than 2% with effect from Thursday January 3, making the price of P1020 / EC High purity ingot fall to INR 146,500 per tonne. With Thursday’s cuts, rates of these products are now at their lowest levels in more than a...
India’s aluminium imports including scrap from US jumps 158% YoY in January-October 2018
India, one of the major aluminium importers from the US, imported 168,000 tonnes of crude metal and alloys, aluminium semi-finished products and scrap from the US during January-October 2018, an increase of 102800 tonnes or 157.67% from 65,200 tonnes during January-October 2017. {newsStudioGallery}...
