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 wire rod import on the rise, Indian producers boost production to cater to the growing demand
As shown by AlCircle’s report on “A Worldwide Market Analysis of Aluminium Wire rod, Cables & Conductors - Industry forecasts to 2025” , China is the world’s major producer of aluminium wire rod followed by India supplying together about 67% of the global aluminium wire rod usage. India’s share of...
DSB approves India’s and Switzerland’s second request for WTO panels on aluminium, steel
India’s and Switzerland’s second request to set up a World Trade Organisation (WTO) panel, to examine its complaint against additional duties imposed by the US on imports of certain aluminium and steel products, has been approved by the Dispute Settlement Body (DSB). “Nine dispute panels have now...
India’s primary aluminium exports up 21 per cent in H1 FY 2019; primary producers focus on export market for revenue
India’s primary aluminium exports have recorded a 21 per cent increase in H1 (April-September period) of FY 2018-19. Industry data shows that in HI of FY 2018-19, exports of aluminium ingots reached 772,000 tonnes in volumes, up from 638,000 tonnes in the corresponding period of the last financial...
Vedanta to ramp up downstream capacity by 25% to combat import and boost revenue
Looking at the surge in imports, metals and mining conglomerate Vedanta Ltd has strategized a plan to raise its downstream products output by 25 per cent in the October-March period. As U.S. has restricted import of aluminium and aluminium products from China, the country has redirected its exports...
GSI to provide geological reports of 18 mineral blocks including bauxite by December 2018 for further auction
According to a media update, the Geological Survey of India (GSI) will provide geological reports of 18 mineral blocks to the government in December and 13 more mine blocks by the end of 2019. This is confirmed by an official from GSI. The government has plans to auction more than 100 mineral...
Professor in Coimbatore innovates new aluminium scrap recycling method for small ingots plants
According to a report, a city college professor named Bhagyanathan in Coimbatore has found a method to recycle aluminium scrap which will help small plants to produce graded quality aluminium ingots with enhanced mechanical and metallurgical properties. Small plants use electric induction furnaces,...
United Arab Emirates’ alumina imports from India to extend a year-on-year rise in 2018
Resource galore, wider applications of technologies, world-class road infrastructure, business-friendly industrial policies are some of the key factors that drove the pace of world-class aluminium production in the United Arab Emirates. {newsStudioGallery} Emirates Global Aluminium, popularly known...
Endurance Technologies’ revenue up 23% in H1 FY 2018-19 driven by strong growth from India operations
Endurance Technologies Limited announced the unaudited financial results for the half year ended 30th September, 2018. The company’s consolidated total income including other income (excluding Excise Duty) grew by 23.3% to INR 38,093 million in H1 FY 2018-19, from INR 30,896 million in H1 FY...
Iceland tops the importer list of alumina from China in October
According to data released by the General Administration of Customs on Monday, 26 November 2018, Iceland was the top recipient of China’s alumina exports in October 2018. The Nordic country, where companies including Alcoa and Rio Tinto have aluminium smelters, imported 102,100 tonnes of alumina...
Bauxite miners at Raipur stage protest against CMDC appointed contractor for violating promises
Bauxite mining workers in Raipur have reportedly refused to work as a form of protest demanding full wages and alleging that the contractor appointed by Chhattisgarh Mineral Development Corporation (CMDC) was treating them unfairly and giving insufficient money. The protesting miners from the...
Three companies submit bids for bankrupt Dighi Port used for handling bauxite and coal cargoes
Government-owned Jawaharlal Nehru Port Trust (JNPT), Adani Ports and Veritas India along with asset reconstruction company UV ARC have put in bids for the bankrupt Dighi Port, which was developed by IL&FS and Balaji Infra Projects. They submitted the bid to the committee of creditors in Mumbai on...
Indian aluminium producers cut aluminium ingot prices this week to keep pace with the international price
According to trade sources Nalco, Vedanta and Hindalco have cut prices of their products in accordance with the falling aluminium prices. Hindalco Industries Ltd is also reported to have cut the prices of aluminium products by more than 1%, effective November 21. The basic price of Hindalco’s P1020...
U.S. rejects India’s and Switzerland’s appeal for WTO dispute panel on import tariffs
The United States has rejected an appeal from India and Switzerland to set up a panel against the US for imposing high import duties on certain steel and aluminium products. Both the countries will now have to file a second request at the dispute settlement body's (DSB) next meeting which the US...
Nalco talks about its Brownfield and Greenfield refineries expansion plans
The state-owned National Aluminium Company (Nalco) announced its plan for Brownfield expansion by five lakh tonnes and Greenfield by six lakh tonnes per annum in the next few years. The navaratna company, which at present produces 4.6 lakh tonnes of primary aluminium, eyes to establish a Greenfield...
India asks WTO to put up dispute settlement panel for US aluminium and steel import duties
An official reported to Business Standard India has taken forward the trade dispute with America in the World Trade Organisation (WTO) and asked the Geneva-based multilateral body to set up a panel against the US for imposing high import duties on certain aluminium and steel products. According to...
Bangalore based start-up Log 9 Materials develops EV battery powered by water and aluminium
Akshay Singhal, the 25-year-old co-founder and CEO of nanotechnology start-up Log 9 Materials is conducting trials on his electric car Mahindra e2o Plus to run on water and aluminium. This, according to him can be made possible by using an innovative metal-air battery, developed by Log 9 in the EV....
Anrak Aluminium gets HC breather on a RBI circular initiating insolvency process for the company
Anrak Aluminium has got another relief from High Court in its way to restart operation at its alumina/aluminium plant. The Hyderabad High Court on Thursday, November 16 refused to stay an RBI circular that directed Anrak aluminium company to be put on the anvil of insolvency process at the National...
NALCO'S hi-tech pavilion showcases activities, achievement at Make in Odisha Conclave
National Aluminium Company Limited ’s (NALCO) hi-tech pavilion at the Make in Odisha Conclave 2018 used the latest technologies including 3d holographic display, virtual reality (VR), touch screen, gesture driven interactive wall etc to showcase its production units, products, CSR activities,...
