Odisha CM visits EGA Jebel Ali, highlights NALCO–EGA aluminium partnership
Odisha Chief Minister Mohan Charan Majhi visited Emirates Global Aluminium’s (EGA) Jebel Ali site in Dubai, highlighting the strategic importance of the NALCO–EGA technology licensing partnership in strengthening Odisha’s aluminium industry. During the visit, Majhi emphasised how the collaboration...
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...
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Aluminium scrap recycling MSMEs opposing import duty hike on aluminium scrap
The aluminium scrap recycling industry, comprises mainly of micro, small, and medium enterprises (MSMEs), is reportedly opposing the proposed import duty hike on aluminium scrap from 2.5 per cent to 7.5 per cent. The All India Non Ferrous Metal Association (AINFMA) is of an opinion that the...
Alumina price on downtrend: will supply side concerns support prices any further?
The alumina market is going through the most topsy-turvy and volatile period with sharp rise and fall in prices and supply disruptions. The temporary closure of Hydro’s Alunorte alumina refinery in Brazil and uncertainties surrounding U.S. sanction on Rusal pushed up alumina price sky high driving...
Odisha Govt Clears Hindalco’s Rs 5,000 Crore Investment Proposal
The Odisha government on Thursday cleared a big ticket project proposal of Hindalco Industries Ltd worth Rs 5,000 crore. The State Level Single Window Clearance Authority (SLSWCA) in its meeting on Thursday recommended a proposal of Hindalco Industries Limited to set up an aluminum flat rolled...
Italy-India co-operation on eco-metallurgy: an interview with Mario Bodini, CEO of Sideridraulic
Finding a balance between markets and the aluminium and steel production sectors, this is the main statement that Mario Bodini, CEO of Sideridraulic, has made to Al Circle. Since the post-war period, this Italian company has been a pioneer in metal development, with its innovative products in the...
Sundaram-Clayton inaugurates new machined castings foundry in Chennai
Automotive components manufacturer Sundaram-Clayton Ltd (SCL) has opened a new machined castings foundry at Oragadam, near Chennai, in Tamil Nadu. The new facility, which was inaugurated by Young Key Koo, Managing Director and CEO of Hyundai Motor India Ltd, has been established with an investment...
India's aluminium scraps import increases 21% YoY in H1 FY2018-2019
According to data from the Aluminium Association of India (AAI), aluminium scraps import by India increased by 21.44 per cent during April-September period of financial year 2018-2019. The total volume of India’s aluminium scrap import rose from 541,000 tonne during the first half of financial year...
India's e-car sales plunged 40 per cent to a low of 1,200 units in FY18
Despite the massive government push towards electric mobility, e-car sales plunged 40 per cent to a low of 1,200 units in FY18 over FY17, while e-two-wheeler sales zoomed 138 per cent to 54,800 unit during the same period, says an industry report. As of March 2018, there were 56,000 electric...
Nalco CMD estimates aluminium consumption rise in India to 7.2 million tonnes in next five years
Aluminium consumption in India may reportedly double to 7.2 million tonnes in the next five years from the existing level of 3.6 million tonnes. This makes important to focus on downstream aluminium products to tackle the threat of growing imports. Mr. Tapan Kumar Chand, CMD of Nalco said this...
Vedanta reports record aluminium production in Q2 and H1 FY 2019 driven by smelter ramp ups
Vedanta Resources has published production results for the second quarter and half year ended 30th September 2018. The company reported record quarterly aluminium production at 494,000 tonnes in Q2 FY2019, registering a growth of 23% YoY and 3% higher QoQ. This was attributed to production ramp up...
India’s Supreme Court limits aluminium industry’s petcoke imports to 0.5 million tonnes
The Supreme Court has imposed restrictions on the import of petroleum coke or petcoke by domestic aluminium and calciner industries. A bench headed by Justice Madan B. Lokur has restricted import limit at 0.5 million tonnes and 1.4 million tonnes per year. Earlier, the apex court had eased its ban...
Japan’s aluminium import from India reportedly boosts amid US sanctions against Rusal
Indian aluminium makers including Hindalco Industries and Vedanta Ltd. are reportedly boosting sales to Japan amid the United States’ lofty import tariffs and sanctions against Rusal. Usually, Japan, being a quality concerned consumer, never regarded the products from India a high enough quality....
Asia Pacific Aluminium Market: Production and demand growth to seal its leading position in the globe (Part-2)
( Continued from Part-1 ) India India holds the second position in the list of top 5 primary aluminium producers in the world. According to the annual reports of the three major aluminium producers in India, the total aluminium production stood at 3.39 million tonnes in 2017. Aluminium production...
Asia Pacific Aluminium Market: Production and demand growth to seal its leading position in the globe (Part-1)
The production base for the primary aluminium sector has long started shifting towards east for the availability of raw materials, power and labour. The production base lies in the east while the market lies in the west. However, most of the Asian countries are now shifting their focus towards...
India’s alumina import expected to rise 26% in CY 2018
According to a report by CARE Ratings, India’s aluminium production, which was at 3.39 million tonnes in 2017-18, is forecast to remain stable or grow a little to 3.42 million tonnes in the fiscal year 2018-19. The giants like National Aluminium Company (Nalco), Bharat Aluminium (Balco), a...
Anrak Aluminium optimistic about starting operations at its alumina refinery after a High Court order
Anrak Aluminium Limited (AAL), a joint venture of Penna Group and Ras Al Khaimah is optimistic about starting operations of its 1.5 million tonne alumina refinery in Visakhapatnam in the next few months after Hyderabad High Court passing a judgement in favour of it. The refinery is lying...
Saudi Arabia alumina exports drop YoY on growing domestic consumption; India remains key importer
Saudi Arabian aluminium industry is growing immensely in last few years after the country decided to venture into a parallel non-oil economy. A joint venture between the Saudi Arabian Mining Company (Ma’aden) and Alcoa Ma’aden Aluminium (MA), Ma’aden Aluminium is a significant contributor to the...
US declines unconditional withdrawal of aluminium and steel tariffs on India
The Trump administration formally turns down India’s urge for an unconditional exemption from the US aluminium and steel tariffs, reported Commerce Ministry officials to the BusinessLine . A meeting, led by Assistant US Trade Representative Mark Linscott, was held early this week in Washington with...
Midhani reports net profit in FY 2017-18; to pay INR 39.4 crore dividend to Indian government
The Hyderabad-based defence public sector unit, Midhani or Mishra Dhatu Nigam Limited has announced a dividend of INR 39.4 crore or INR 2.10 per equity share for FY 2017-18. During FY 2017-18, the manufacturer of speciality materials for strategic sector registered a net profit of INR 131.26 crore...
