Adani-IHC expand Odisha investment plans to $25bn across 14 projects
Abu Dhabi-based International Holding Company (IHC) and India’s Adani Group have expanded their investment plans in Odisha, outlining INR 2.105 trillion (USD 25 billion) of potential investment across 14 projects spanning metals, critical minerals, energy, chemicals and infrastructure. The...
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...
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Bauxite production likely to ramp-up globally in the next few years
As per the recent report by BMI research, bauxite production is likely to grow globally over the years owing to the estimated increasing production in India, upcoming projects lined up in Australia and Indonesia’s reappearance in the market following the end of the mineral ore export ban. The...
Saudi Arabia’s aluminium scrap exports to continue rising in H1 2018; India remains the top importer
Saudi Arabia’s export of aluminium scrap has been on an uptrend from past several years. The country emerged as the major market for scrap metal recycling. Aluminium scrap represents 6.1 per cent of the total exports of Saudi Arabia. Most of the aluminium scraps generated in Saudi Arabia are from...
Vedanta to save INR 800 per tonne on securing bauxite from Kodingamali mines
After several rounds of discussion and year-long struggle, Vedanta Aluminium Limited finally sealed a deal with the OMC to haul bauxite from Kodingamali mines to Lanjigarh refinery, as reported on April 12, 2018. According to the previous news, Vedanta had expected to pay high costs to transport...
PyroGenesis looks at maximizing aluminium recovery from dross in India through DROSRITE™
According to a recently published report by AlCircle on Aluminium Dross Processing , the aluminium industry comprising primary, recycled and downstream sectors generated approximately 3 million tonnes of dross in 2017. Near 50% of the total dross generated still finds its way to land fill. The Asia...
Vedanta reports record aluminium production in Q4 and FY 2018 driven by successful smelter ramp ups
Vedanta Resources reports record aluminium annual production at 1.7 million tonnes for the Full Year ended 31 March 2018. Aluminium production for the fourth quarter FY2018 was at 477,000 tonnes, up 35% YoY and 7% QoQ. The growth was primarily driven by the ramp up at the Jharsuguda-II smelter. It...
Lanjigarh alumina production up 22% QoQ and 12% YoY in fourth quarter FY 2018.
Vedanta Resources releases production results for the Fourth Quarter and Full Year ended 31 March 2018. The company reports record production performance in the Lanjigarh refinery that was lagging behind due to issues related to raw material sourcing. Alumina production for the fourth quarter 2018...
India-US to exchange dialogue over imported aluminium and steel tariffs, today at New Delhi
India and US are going to exchange dialogue over Indian aluminium and steel imported tariffs at India-US Trade Policy Forum Meeting today April 10, 2018 at Delhi. As reported, India is looking forward to an amicable settlement to the issue and not willing to indulge in a trade war with the US. “The...
Demand for high-strength aluminium alloy expected to rise five times in the future: said Dr. Chand
At the recently held National Seminar in Mumbai, organised by Aluminium Association of India and sponsored by Hindalco, Nalco, Vedanta and TKIS on developments of special alloys and composites of aluminium, Dr. Tapan Kumar Chand, CMD of Nalco and President of Aluminium Association of India,...
JNARDDC develops process to recover strategic rare earths from red mud
The Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC) announced the development of a technology for the recovery of strategic rare earths from the waste generated from aluminium industry. The new process will recover rare earth metals (REMs) from red mud which can be...
Odisha Government gives consent to Lanjigarh refinery to boost capacity to 6 million tonnes
Vedanta’s long wait comes to an end on receiving a nod from Odisha Government for its Lanjigarh refinery production capacity boost to six million tonnes. According to an official source, “Chief Minister Naveen Patnaik has given his nod to the expansion of the plant. The Vedanta has been asked to...
Bauxite production in India showed overall downfall in FY2017-18
According to the estimates of the Ministry of Mines, bauxite production in India further fell by 16.34 per cent in 2017-18, totalling 20.63 million tonnes, after a decline of 12.3 per cent in 2016-17. On the other hand, Ministry further updated that the total domestic consumption of primary...
Sanjeev Gupta's GFG Alliance to manufacture Formula 1-inspired EVs in India and Australia
Business tycoon Sanjeev Gupta's GFG Alliance, which has been on an acquisitions spree since 2013 including deals in Europe, the U.S. and Australia for steel mills, aluminium smelters, energy producers and auto- components manufacturers, will build EV plants as part of his venture into the auto...
India's aluminium export rises sharply in 2017; US tariffs to have minimum impact on the country's export
According to data from Ministry of Mines, aluminium exports from India have recorded a sharp rise of 34.02 per cent YoY during April-January, 2017-18. The sharp rise was caused by growing domestic production and sluggish domestic demand growth. Our data shows India exported and estimated 1.20...
Australian Bauxite targets Indian market to optimize profits from their Binjour project
Australian Bauxite Limited, the Tasmanian miner reported a consolidated net profit of $170,000 in CY 2017, after a net loss of $160,000 in 2016. The chairman and former Labour state premier Paul Lennon says that the miner has potential to become a “significant corporation” and the venture is worth...
MMPIL IPO’s anchor portion oversubscribed; a turning point for aluminium products
Old Bridge’s Vantage Equity Fund and Raisonneur Capital jointly subscribed to the entire anchor portion of IPO, issued by Maharashtra based company MMP Industries Ltd. The company was formed in the year 1983 and primarily engaged in manufacturing aluminium powder and paste since then. The total...
ICF strikes 2,500th mark for the first time: aims to craft aluminium coaches from 2020
General Manager of Integral Coach Factory S. Mani declared on Saturday 31st March, 2018 that the company will start manufacturing aluminium coaches from 2020. This is going to be a significant step towards crafting light-weight rail coaches, at par with international standards. At an event to mark...
India directly approaches US for aluminium and steel tariffs impunity
Not many days ago, India urged the World Trade Organisation (WTO) to exempt it from the recently-enacted US aluminium and steel tariffs. While already by now, the country has directly approached the United States for the exemption, with a supportive reasoning that its aluminium and steel exports...
AAI seminar presents aluminium alloy technologies developed by DMRL, DRDO
A one day National Seminar on Development of Special Alloys and Composites of Aluminum for New India took place in Mumbai on 16th of March, 2018. The seminar was organized by Aluminium Association of India (AAI), an apex body for the Indian aluminium sector, in association with the primary...
