Bosch SDS, Dassault Systèmes collaborate to advance AI-led manufacturing in India
Bosch Software and Digital Solutions (Bosch SDS) and Dassault Systèmes today announced a collaboration in India to help manufacturing enterprises accelerate digital transformation across product engineering, manufacturing operations and industrial value chains. The collaboration brings together...
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...
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China's appetite for bauxite subsides after slowdown
<p>China imported 3,506,176 million tonnes of bauxite in June 2016, down 12.3 per cent from the same period previous year. The year-to-date bauxite import, however, increased 12 per cent to reach 25,197,259 mt.<br /><br />Australia topped the list of countries which supplied bauxite ore to China....
“There is a huge opportunity in India and the domestic metal demand is pegged to grow manifold,” Mr. Abhijit Pati, CEO (Aluminium), Vedanta Ltd.
<p><strong>Mr. Abhijit Pati</strong> started his career as a budding engineer with <strong>Indian Aluminium Company</strong> (subsidiary of <strong>ALCAN</strong> in <strong>Indian Aluminium Company</strong>) in the year 1989. After working with Hindalco for years with numerous laurels, he joined...
India aluminium scrap prices remain flat; aluminium futures down
<p>India major aluminium scrap commodities prices remained stable on Tuesday, while aluminium futures prices at Multi Commodity Exchange settled down tracking weakness from LME Aluminium ended down 0.8 percent at $1,647 as the dollar held steady and markets awaited fresh signals for direction.<br...
Nalco inks MoU with India Ministry of Mines to meet INR 7,100cr revenue target
<p>State-run National Aluminium Company Limited (Nalco) has inked a Memorandum of Understanding (MoU) with the Union Ministry of Mines, India, to meet an ambitious revenue target of INR 7,100 crore (excluding excise duty) from its operations, the company said in a release. The Mou was signed...
India aluminium scrap prices show almost flat; MCX aluminium inches down
India major aluminium scrap commodities prices showed almost a flat trend on Friday, while aluminium futures prices at Multi Commodity Exchange settled lower tracking after stronger than expected U.S. economic data after LME closed down 1.4 percent at $1,659 after hitting $1,703, the strongest...
Aluminium demand in India poised to reach 5 mt by 2020
Indian aluminium industry is on a strong growth trajectory. Piggybacking buoyancy in the power and automotive sectors, the light metal used in appliances to aerospace, grew at a CAGR (compounded annual growth rate) of eight per cent during 2011-16. The same uptrend is expected to continue till...
Digital India gives fillip to OFC manufacturing using aluminium tubes and ACS
With power transmission and data communication sectors opening up new vistas, the Optical Fibre Cable (OFC) industry is undergoing tremendous churning before the giant leap. Add to it the fillip received from the Union Government’s ‘Digital India’ slogan, the outcome is perceptibly encouraging. ZTT...
Argentina to begin antidumping probe in Aluminium alloy wheel imports from China
Argentina decided to begin an antidumping probe into Aluminium alloy wheels imported from China, said the Trade Remedy and Investigation Bureau of China's Ministry of Commerce. The antidumping case comprise of products such as motor vehicles' Aluminium alloy wheels, excluding tires, with a hub...
Japan-based auto supplier expands Indiana manufacturing
Ryobi Limited will expand its operations in Shelby County, IN, creating up to 150 new jobs by 2018. The company will invest $97.5 million into its U.S. subsidiary Ryobi Die Casting USA, purchasing and equipping a 350,000-square-foot facility adjacent to its campus in Shelbyville. The facility,...
National Aluminium gains on bagging Pottangi bauxite mines
National Aluminium Company (NALCO) was trading higher by 4 per cent to INR 50.10 on the BSE in an otherwise subdued market after the company announced that the government has granted Pottangi Bauxite Mines, in Koraput district of Odisha, where the company's 22,75,000-tonne alumina refinery is...
India aluminium extends gain on global cues & spot demand; scrap prices inch higher by INR2
Base metal prices including price of aluminium rose further by up to INR 5 per kg in Indian non-ferrous metal market today, tracking a firming trend overseas amid increased demand from consuming industries. Traders said sentiment remained firm on the back of a firm global trend where copper surged...
MSETCL plans for Aluminum Conductor Composite Core (ACCC) wires around India's Nashik
The Maharashtra State Electricity Transmission Company Limited (MSETCL) has planned for high ampacity power supply through cables having aluminium composite core around India’s Nashik city connecting seven of its 132 kv power stations to deliver quality power to the citizens. The decision follows...
Chhattisgarh CM announces significant bauxite find in Jashpur
New bauxite deposits have been unearthed in Jashpur district of Chhatisgarh in India, Chief Minister Raman Singh informed the State Assembly in a written communication. He also informed that the State geological team has not confirmed the presence of any limestone deposit in the region....
Construction & mining equipment market growth to buoy aluminium construction systems demand
According to a recently published report, the construction equipment market worldwide is projected to grow at a CAGR of 4.11 per cent, to reach a market size of $116.20 billion by 2021, while the mining equipment market is projected to grow at a CAGR of 6.42 per cent, to reach $136.03 billion by...
Hindalco suggests on replacing steel with aluminium alloys for LPG cylinders
The recently ended National Conference on Non-Ferrous Minerals & Metals- 2016, which was held on 8th and 9th July in Jamshedpur, India, saw a huge congregation of professionals from the non-ferrous metal industry in India. In the satellite session of the event, focused mainly on the application...
Vedanta to refocus aluminium operations in Odisha
After investing US$7.5 billion in establishing an alumina refinery and an aluminium smelter and associated power facilities in the region, Vedanta Resources plc announced late last week that it is shifting its focus in the state of Odisha. “For us, the Niyamgiri chapter is closed. We are not...
Indian aluminium stalwarts talk about economic viability of waste reutilization at NCNFM 2016
Issues related to industrial ecology and sustainability are of paramount importance today. With rampant industrial onslaughts on the environment reaching its edge, global aluminium industry has woken up to the situation. Indian aluminium industry, which is poised to play a crucial role in...
Mining to contribute 1% to India's GDP growth rate, says minister
India's newly elected Minister of State (Independent Charge) for Power, Coal and New & Renewable Energy Piyush Goyal, immediately after taking charge of his portfolio, said he expects the mining sector to contribute one per cent to the country’s GDP growth in the next one to two years. Goyal has...
