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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MCX aluminium up by 1.2% on global cues
Buoyed by firming trend overseas and rising spot demand, aluminium futures rose by 1.24% to INR 101.75 per kg today as traders created fresh positions. At the Multi Commodity Exchange, aluminium for delivery this month moved up by INR 1.25 or 1.24% to INR 101.75 per kg in a business turnover of 554...
Asia Alumina: Australia firms $1.50/mt to $204.50/mt as longs contract
Platts Australian alumina daily assessment at $204.50/mt FOB gained $1.50/mt from Monday, January 22nd, as the market continued to gravitate from a long to a more balanced position. Global refining cuts in response to poor margins, and recent consumer restocking and dip buying have put a floor...
China aluminium imports declined 43% and exports slid 68% y-o-y during Jan-Dec 2015
Chinese aluminium imports in December 2015 was estimated at 4,478 mt, an increase of 141.13 per cent year-on-year, revealed data published by General Administration of Customs, China on January 26. This is in contrast with the annual primary aluminium import data which showed 42.86 per cent...
Aluminium consumption in India picking up with GDP growth: Nalco CMD
Aluminium consumption in the country is slowly picking up in the backdrop of an increase in GDP to 7.3 to 7.5 % this fiscal. Growth in electrical & electronics sectors, construction, transport & automobiles are likely to trigger higher consumption, tough rising imports are a major concern for the...
India aluminium scrap prices remain flat
India major aluminium scrap commodities prices remained flat on Friday, last week, while aluminium futures prices at India's Multi Commodity Exchange settled slightly lower, tracking weakness in other base metals counters as market is witnessing under long liquidation. The major aluminium scrap...
NALCO: If you cannot beat Middle Eastern aluminum smelters, join them
India’s National Aluminium Co. (NALCO) seems to be declaring it will, indeed join them. The state-owned aluminium producer is sending a team to Iran, Qatar and Oman to explore opportunities for setting up a gas-fired thermal power plant and associated aluminium smelter next month according a report...
Indian aluminium makers demand ban on bauxite exports
Battling a spate of cheaper aluminium imports from China and West Asia, aluminium producers have made a strong pitch to the Government of India to either ban bauxite exports or raise exports duty to 50 per cent. The proposal to ban exports of bauxite, the key raw material in aluminium production,...
Indian aluminium in 2016: can a turnaround happen?
Aluminium producers in India are looking to the US and other export markets with hope in the new year, after the double whammy of cheap Chinese imports and low prices for the silver -white metal for almost all of 2015. As in other countries, the overall global commodity free fall was the main cause...
Protect Indian metal industry from imports: Anil Agarwal
Anil Agarwal, chairman of Vedanta Resources, has called upon the government to do everything to protect Indian metal industry from the ravages of indiscriminate foreign imports and help revive stalled manufacturing projects. In an impassioned plea to Prime Minister Narendra Modi and finance...
Aluminium down 0.1% on subdued demand
Aluminium prices eased by 0.10% to INR 100.90 per kg in futures trade today as participants trimmed positions, tracking a trend at spot market on sluggish demand. At the Multi Commodity Exchange, aluminium for delivery in far-month February eased by 10 paise, or 0.10% to INR 100.90 per kg in...
India aluminium scrap prices gain; MCX aluminium settles lower
India major aluminium scrap commodities prices gained on Wednesday, while aluminium futures prices at India's Multi Commodity Exchange settled lower as pressure seen after Citi cut its 2016 aluminium forecast to $1,435 a ton. It expects Chinese aluminium product exports will continue to weigh on...
Indian metal recycling industry seeks removal of duties
The metal recycling industry of India has urged the government for exemption on Special Additional Duty (SAD) and removal of basic import duty on inbound shipments of ferrous and non-ferrous scrap to give a boost to the sector. The industry recycles aluminium among other metals mainly from...
Vizag aluminium alloy wheels unit invests $140 million in Bahrain
Shekhar Movva of Synergies Castings Ltd (SCL) will invest $140 million in a world-class aluminium alloy wheels firm in Bahrain. The SCL will invest the amount in two phases with the majority being held by Synergies. The joint venture with the Sovereign Wealth Fund ‘Mumtalakat,’ an investment arm of...
India to host mega mining conference-cum-exhibition in Kolkata in Feb
India’s mining industry set to reach $36 billion to open up commercial coal mining to private companies with the aim of shifting the world’s third largest coal importer towards energy self-sufficiency. A mega conference, the 6th International Mining, Exploration, Mineral Processing Technology,...
Aluminium futures weaken, hurt by weak global cues
Aluminium prices were down 0.55 per cent to INR 100.30 per kg in futures trade today as participants trimmed exposures amid weak global cues and sluggish demand in the domestic spot markets. At the Multi Commodity Exchange, aluminium for delivery in the current month eased by 55 paise, or 0.55 per...
NALCO revives $2 billion Iran smelter plan as sanctions end
National Aluminium Company NALCO will soon send an official team to Iran to explore setting up a smelter complex worth about $2 billion, its boss said, as world powers lift sanctions on Iran that had made negotiations difficult. NALCO Chairman Tapan Kumar Chand told Reuters on Monday that the...
Aluminium up by 0.3% on global trend
Aluminium futures traded 0.30% higher at INR 100.75 per kg, largely in tandem with a firming trend in base metals at the London Metal Exchange (LME). Besides, increased demand at domestic spot markets influenced prices. At Multi Commodity Exchange, aluminium for delivery in January rose 30 paise,...
Alba Chairman receives Ambassador of India to Bahrain
Aluminium Bahrain B.S.C (Alba), a prominent industrial company in Bahrain and one of the world’s leading aluminium smelters, received H.E. Mr. Alok Kumar Sinha, Ambassador of India to Bahrain today, January 18, 2016. Alba’s Chairman of Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa...
