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...
Grow with
AL Circle
Malaysia shipped 18,000,370 mt bauxite to China during Jan - Oct 2015
China's total bauxite import grew 74 per cent year-on-year in October and 42.36 per cent during January-October period of 2015. Bauxite import during the first nine months of 2015 stood at 43,363,610 million tonnes (mt), showed data released by the General Administration of Customs. Malaysia ranked...
Bauxite mining in Visakhapatnam mired in controversies
Bauxite mining issue in the dense hilly terrains of Visakhapatnam has witnessed several twists and turns ever since the powers-that-be allowed a Dubai-based company to make an aerial survey of bauxite blocks in the region in 2001. Each time the move had triggered a ruckus those in power have...
MCX aluminium falls by 0.2% on global cues
Aluminium prices eased by 0.16% to INR 96.50 per kg in futures trade today as participants reduced their positions amid weak global cues. Besides, subdued demand in the domestic spot markets weighed on aluminium prices. At the Multi Commodity Exchange, aluminium for delivery in November month...
IBAAS 2015 to open its doors at Suzhou, China on November 25
The Fourth International Symposium on “The Development and Future of Aluminium Industry in China -Reality and Dream," organized by the International Bauxite, Alumina & Aluminium Society (IBAAS), in cooperation with China Aluminium International Engineering Corporation Limited (CHALIECO) and Suzhou...
Vedanta to cut costs by 25% amid global slump
Vedanta Resources Plc, India’s biggest producer of aluminium, copper and zinc, plans to cut costs by as much as 25% as it battles a global slump that sank industrial metal prices to a six-year low, chairman Anil Agarwal said. The London-listed mining firm will “tighten” capital spending and “do...
Andhra Pradesh CM indicates bauxite mining decision still open
Chief Minister of Andhra Pradesh, Chandrababu Naidu on Thursday assured a Left party delegation here that tribal people would be consulted before a final decision was taken on bauxite mining in the Agency areas of Visakhapatnam. He told the political leaders that the decision would depend on the...
Indian Government mulling import duty rise for aluminium
The government is considering raising import duty on aluminium products by as much as five per cent, among other policy measures, to tackle unabated import of cheap products adversely impacting the sector. "Domestic industry is going through tough a time. Some firms have approached the Directorate...
Vedanta may scale back expansion on soft aluminium prices
Lukewarm aluminium prices at the London Metal Exchange (LME) has prompted diversified metals major Vedanta to hold back a plan to scale up its smelter capacity at Jharsuguda in Odisha from 0.5 million tonnes per annum to 0.8 mtpa. Earlier this month, LME aluminium prices went below $1,500 a tonne...
Hind Aluminium standalone Sep '15 sales at INR 180.21 crore
Hind Aluminium Industries has reported a standalone total income from operations of INR 180.21 crore and a net profit of INR 2.19 crore for the quarter ended September '15. Other income for the quarter was INR 0.80 crore. For the quarter ended September 2014 the standalone total income from...
Indian aluminium set to lose global cost advantage
Aluminium producers in India, raising prices to compensate for the expensive coal they have to buy from the open market after losing captive coal blocks in a Supreme Court order last year, may be turning uncompetitive in the global market, said analysts. The situation is expected to worsen once...
MCX aluminium falls by 0.3% on global cues
Aluminium prices were down 0.26% to INR 96.70 per kg in futures trade today as investors cut down their bets amid weak global cues and sluggish demand in the domestic spot markets. In futures trading at the Multi Commodity Exchange, aluminium for delivery in current month eased by 25 paise, or...
Uncertainty hovers around alumina refinery projects in AP
Uncertainty hovering around the State government’s stand on bauxite mining for a decade or so are sending wrong signals to the efforts to showcase Andhra Pradesh as an investment destination, say investors. The State signed a Memorandum of Understanding (MoU) with Jindal South West Aluminium...
Vedanta rating increased to "Buy"
Vedanta was upgraded by an international investment research firm from a “sell” rating to a “buy” rating in a report released on Monday. The brokerage currently has a $6.25 price target on the stock. The firm's price objective indicates a potential upside of 12.82% from the stock’s previous close....
Rusal elaborates on aluminium industry trends for the first nine months of 2015
Global aluminium market trends in the first nine months of 2015 • Global aluminium demand grew by 5.6% in the first nine months (“9m”) 2015 year-on-year (“YoY”). Demand growth in North America, India, Middle East and the EU compensated for a contraction in demand from Japan, Russia and South...
India can become engine of global economic growth, says Vedanta Chairman
Pinning hopes on the Narendra Modi government for policy reforms to attract investment, mining baron Anil Agarwal on Friday said India has the potential to become the "engine of global economic growth". "As the world is changing, the Indian government... should move towards faster decision-making,...
Bauxite mining crucial for the State: AP Govt readies to convince the locals
Bauxite mining in Andhra Pradesh Vishakha Agency area remains a jinxed issue as tribals continue with their protests against State government’s initiative to unlock the state’s mineral development potential. However, N Chandrababu Naidu’s government seems to be doubly determined on this issue and...
Andhra Pradesh Cabinet to take final call on bauxite mining
Despite a Government Order having been issued for resumption of bauxite mining in forest land in Visakhapatnam district, a final decision on it will be taken at an Andhra Pradesh Cabinet meeting next week, state Minister Ganta Srinivasa Rao today said. "Though GO 97 (for resumption of bauxite...
NALCO Q2 net profit declines 34% to INR 226.14 crore
The state-run aluminium maker NALCO today reported a 33.78 per cent decline in its net profit to INR 226.14 crore for the quarter ended September 30. The National Aluminium Company (NALCO), a Navratana CPSE under the administrative control of Ministry of Mines, had clocked a net profit of INR...
