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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Aluminium futures edge higher by 0.9% on buoyant spot demand
<p>Aluminium prices on India's Multi Commodity Exchange inched higher by 0.09 per cent to INR115.35 per kg in the futures market today as speculators were seen building up fresh positions amid an uptick in spot market demand. <br /><br /><img style="vertical-align: middle; display: block;...
ZF Friedrichshafen to showcase aluminium car parts manufacturing solutions at SIAT 2017
<p>Leading German car parts manufacturer ZF Friedrichshafen AG will be participating at the Symposium of International Automotive Technology (SIAT) 2017, to be held at Pune's ARAI Campus next month, announced the company's Indian business unit last week. The company apart from showcasing its...
Aluminium futures shed 0.17% on muted demand
<p>Aluminium prices weakened by 0.17 per cent to INR 116.10 per kg in futures market today as traders trimmed their positions, taking negative cues from spot market on subdued demand.<br /> <br />At the Multi Commodity Exchange, aluminium for delivery in January month declined by 20 paise, or...
India’s November aluminium production shows YoY growth after demonetisation
<p>Indian government’s demonetization move is showing positive impact on the mines and the metals, power, and coal sectors, reveals latest data. Aluminium production in the country has logged a month-over-month rise in November this year.<br /><br /><img style="display: block;...
Primary producers continue with their plea for MIP imposition and removal of inverted duty
<p>After the Directorate General of Safeguard Duty, India has recently rejected the plea by the primary producers to impose extra duty on imports of 'Unwrought Aluminium (Aluminium not alloyed and Aluminium alloys) citing that there is no immediate threat of "serious injury" to the domestic...
Nalco to consider allowing Vedanta to participate in its alumina tenders
<p>India's two leading aluminium producers, National Aluminium Company Limited (NALCO) and Vedanta, finally seem to be collaborating with each other to sort out alumina sourcing related issues that the latter has been facing since long. The central government has asked the Navaratna PSU to consider...
India remains top importer of alumina from China
<p>China is one of the world’s top alumina producers and a leading supplier of alumina to the global primary aluminium industry. China has around 60 million tonnes of alumina capacity but produced around 47.3 million tonnes of the aluminium-making ingredient from January to October last year....
Next Aluminium China to be held in Shanghai from July 19-21, 2017
<p>Aluminium China 2016, held in Shanghai on July 12th-14th, was a major success. The professional sourcing and networking platform with the most comprehensive coverage of the Asia market attracted 19,530 visitors and buyers from 75 countries and regions all over the world to a compelling line-up...
Aluminium futures remain weak on sluggish demand
<p>Continuing for the third straight day, aluminium prices eased further by 0.21 per cent to INR 117.30 per kg in futures trade today as participants engaged in trimming their positions, tracking a weak trend at spot market on subdued demand from consuming industries. <br /><br />At the Multi...
Jaguar’s aluminium rich XF India edition brings style back to the executive sedan
<p>Jaguar, one of Britain’s most prestigious exports and a star in the luxury car market is characterised by an artistic flavour, dynamism, flair and a futuristic touch.<br /><br />Jaguar has more or less maintained its original values for over half a century and they are...
MCX aluminium extends losses, down 0.17% on subdued demand
<p>Aluminium prices in India kept falling for the second consecutive day with the contract closing at INR 117.35 per kg in futures on Wednesday, down 0.17 per cent from the previous day. The traders in the domestic market engaged themselves in reducing their positions as demand shrank in the spot...
Vedanta to pare down aluminium making cost
<p>Metals and mining giant Vedanta is planning to revisit its cost structure keeping it optimally below $1,400 per tonne in the wake of lower costs of alumina and coal. The aluminium producer said its estimated aluminium-making cost for the September quarter stood at $1,473 per tonne, while its...
NTPC, NALCO form joint venture for aluminium plant, INR 36,000 crore
<p>State-run generation utility NTPC and aluminium giant National Aluminium Co. Ltd ( NALCO) entered into an agreement to jointly set up a 2.4 giga watt(GW) power plant and one million tonne aluminium production facility in Odisha’s Dhenkanal district, Gajmara. The total...
District admin assures villagers to clear hurdle at Angul Aluminium Park
<p>Angul Aluminium Park, a joint venture between Navratna firm National Aluminium Company (Nalco) and state-owned Odisha Industrial Infrastructure Development Corporation (IDCO), stopped construction of the proposed park when the villagers of Tulasipal, Languliabeda and Kangula protested the...
Kawasaki to launch dirt bikes with aluminium frame chassis on Dec 18
<p>Japanese motorcycle manufacturer Kawasaki is set to launch two motocross bikes- the KX250 and the KX100 in India on December 18.The KX250 gets an aluminium perimeter frame chassis to achieve better stress-bearing standards. Both the bikes are motocross machines made for track use and cannot be...
DGS rejects Indian primary producers' plea to impose safeguard duty on aluminium imports
<p>There was no immediate threat of "serious injury" to the domestic aluminium industry from the shipments of aluminium products sailing in from China and countries in South East Asia and Middle East, said Directorate General of Safeguard, India, today in its final findings on 'safeguard...
Nalco expects its alumina and aluminium output to rise in FY 2016/17
<p>National Aluminium Company (Nalco) expects its aluminium output to rise 3.5% by the end of FY 2016/17 in the face of growing domestic consumption and rising prices, as told by NALCO Chairman Tapan Kumar Chand to Reuters.<br /><br />The state owned company will end the fiscal year with an...
CBIX flat, alumina up, freight mixed
<p>CBIX remained flat over the week, closing at US$50.7/dmt with higher Value-in-Use (ViU)-priced material from Australia and Brazil balanced by some lower ViU-priced ore from Malaysia and India making a re-appearance. Malaysian material trickled into China at US$27.5/dmt FOB un-washed and...
