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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Chhattisgarh govt confirms one bauxite block ready for auction; more blocks to be explored
In a bid to enhance production, Chhattisgarh Mineral Development Corporation Ltd. (CMDC) has sought forest land diversion of 99.35 hectares of land in the state. The Corporation intends to carry out detailed exploration of more number of bauxite blocks and develop Pathrai Bauxite mines in the...
MCX aluminium gains 1.34% driven by spot market demand spike
Aluminium traded at India’s Multi Commodity Exchange gained by 1.34 per cent on Monday, January 29, as demand picked up in the spot market and speculators built up fresh positions amid positive cues in the international market. MCX aluminium reached INR 143.50 per kg in futures. Price of aluminium...
India will continue to import aluminium bar rods and profiles in 2018, though in lesser quantity
India’s aluminium bar rods and profiles import will continue over the medium term till a significant percentage of the large downstream processing projects get completed. The imports will be necessary to support the massive construction work going on across the grids of the country. According to a...
Containing costs will remain the key challenge for Indian aluminium makers in 2018: Nalco CMD
A bullish LME aluminium outlook notwithstanding Indian primary aluminium producers are struggling to keep their profits intact. Reason- The spiralling cost of raw materials. From alumina to coal, coal tar pitch and caustic soda every key ingredient of aluminium making has become costlier and this...
Utkal Alumina seeks environment clearance for its expansion programme
Utkal Alumina International Limited, a subsidiary of Aditya Birla Group owned Hindalco Industries, has applied for environment clearance for its expansion of the alumina refinery in Odisha. The estimated cost of the proposed expansion project is INR 4000-5000 crore. With the proposed expansion, the...
Aluminium Age seminar sets the ball rolling for Indo-Italian Aluminium industry majors
The Indo-Italian MetalHub seminar titled ‘Aluminium Age’ held last Saturday, January 20, in Bhubaneshwar, Odisha, heralded a new era of cooperation between Indian and Italian aluminium industry players. The high-level delegation from Italy comprising Mario Conserva, General Manager A&L and Vice...
UK aluminium household articles import to drop in 2018
UK’s imports of aluminium household articles have been declining in the last three years. UK, the 4th largest importer in the world, is estimated to import less aluminium household articles this year. According to recent statistics, China and India were the top exporters of aluminium household...
Aluminium Age Roundtable Discussion series opens at Indo-Italian MetalHub, Bhubaneshwar, Odisha
The Indo-Italian Metal Hub seminar was inaugurated today in Bhubaneshwar, Odisha. The first-day’s programme titled “Aluminium Age- Smart Metals, Finance and the Industrial Parks of the Third Millennium” started with the welcome address of Mr S.K.Dash, Treasurer- Aluminium Association of India &...
Ashok Leyland signs LoI with Phinergy to use their aluminium air battery technology for electric CVs
In another step towards electrification of commercial vehicles in India, Ashok Leyland Limited, one of the largest commercial vehicle manufacturers in India, has signed a Letter of Intent (LoI) with Israeli firm Phinergy to use their aluminium air batteries for electric CVs in India. The...
India’s estimated bauxite export to decline more than 50% in 2018; but AAI wants more reduction
An optimistic projection method based on last five years’ export data yielded figures showing India’s bauxite export (HS Code 260600) decreasing by around 53 per cent year-on-year in 2018. From approximately 2.6 million tonnes in 2017 (verified data from Ministry still awaited), the annual bauxite...
AlCircle hosts Global Aluminium Roundtable Conference in Kolkata
Concurring with Bengal Global Business Summit, AlCircle; the Global Aluminium Ecosystem organised a Global Aluminium Roundtable Conference at its Ecospace office in Kolkata today. A roundtable meeting covering the topic of global aluminium industry with a special focus on the demand supply...
Estimated aluminium wire import by South Africa to witness a drop in 2018
South Africa, the 33rd largest importer in the world, is estimated to import less aluminium wire this year. The top aluminium wire exporter to South Africa is Mozambique. Mozambique exported an estimated 26210 tonnes of aluminium wire in 2017. The country imports major chunk of this product from...
MoEFCC to examine Nalco’s application for its Pottangi bauxite mine
National Aluminium Company Limited (NALCO) has submitted an application for environmental clearance with the Ministry of Environment, Forest & Climate Change (MoEFCC) for its bauxite mine in Pottangi, Odisha. The expert committee of the Ministry of Environment, Forest & Climate Change will examine...
Indian aluminium industry seeks aluminium scrap import duty hike from 2.5% to 10%
The Aluminium Association of India has sought an increase in import duty on aluminium scrap. The industry body approached the Centre seeking a hike from 2.5 per cent to 10 per cent. It has also demanded a hike in import duty on primary aluminium from 7.5 per cent to 10 per cent. Before Budget 2017,...
NCDEX India seeks Sebi’s approval to launch aluminium options contract
India’s National Commodity & Derivatives Exchange Limited (NCDEX) has sought permission from the Securities and Exchange Board of India (SEBI) to launch options trading in aluminium. The online commodity exchange wants to introduce options trading in non-farm items including select base metals,...
India’s aluminium tubes and pipes import to continue to outshine export in 2018
India, a net importer of aluminium tubes and pipes, will continue to import more of the downstream semi-finished product in 2018. From the trend extrapolation forecast method it is observed that the import of aluminium tubes and pipes from the country will surpass export by around 4,987 tonnes....
Manaksia Aluminium plans capacity expansion with an initial investment of INR 40 crore
Manaksia Aluminium Company, a part of the Kolkata, India based Manaksia Group, is planning to invest INR 40 crore in order to add 15-20 per cent more capacity over the next one year. Manaksia Aluminium is a manufacturer of value-added aluminium products such as colour-coated roofing and panelling...
IndoItalian MetalHUB engineering tour of India starts on January 15 2018
The IndoItalian MetalHUB engineering tour of India will be taking place on 15-23 of January 2018 that will consist of a week of meetings and interactions organized by ArtValley, Al Circle, Uniseven and the IICC – The IndoItalian Chamber of Commerce, FACE – (The Federation of Aluminium Consumers in...
