$11.5b Adani-IRH aluminium project set to strengthen Odisha’s aluminium value chain
Odisha has handed over more than 7,000 acres of land for the Adani Group-International Resources Holding (IRH) joint venture’s proposed USD 11.5 billion integrated aluminium complex. This covers planned alumina refining, aluminium smelting and downstream manufacturing facilities across Sundargarh...
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...
Grow with
AL Circle
Aluminium futures weaken on global cues
Aluminium prices fell 0.61 per cent to INR 122.95 per kg in futures trading today, taking weak cues from global markets. Further, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in current months shed 75 paise, or...
IBAAS-CHALIECO-JNARDDC announces 3 days International Bauxite, Alumina & Aluminium Symposium at Visakhapatnam, India on November 27-29, 2014
This symposium will not only focus on latest developments of Bauxite, Alumina & Aluminium Industry in Asian region but also promote value addition in each stage from Bauxite to Aluminium. There will be sessions on non-metallurgical bauxite, special alumina and value added aluminium products during...
NALCO to open a new stockyard at Vadodara
The Public Sector Undertaking (PSU) company of NALCO, National Aluminium Company added a new stockyard in Gujrat’s Vadodara, making it the 10th stockyard in India. Ansuman Das, the company’s Chairman and Managing Director inaugurated the stockyard. According to a company release, Gujrat’s new...
JNARDDC Nagpur develops bricks from red mud
If the city-based Jawaharlal Nehru Aluminium Research Design and Development Centre (JNARDDC) has its way, 'red mud', a waste generated in huge quantity (one to two times of alumina produced) from the aluminium industry, can now act as a good source of building material. In fact, Modi government's...
Aditya Birla Chemical at new high, buys Jayshree Chem's CAD
Aditya Birla Chemicals India (ABCIL) shares became very popular with the investors on Tuesday when the company took the decision of buying the chlor-alkali division (CAD) of Jayshree Chemicals. The shares gained 7.5% to a record high of INR 313 on BSE. The new acquisition will expand the companies...
Aluminium futures down on overseas trend
Aluminium futures prices fell 0.63 per cent to INR 126.35 per kg today as speculators reduced positions amid a weak trend in base metals at the London Metal Exchange. At the Multi Commodity Exchange, aluminium for delivery in October month contracts lost 80 paise, or 0.63 per cent, to INR 126.35...
The CAG warns the Telugu Desam Government before reopening the Vishakhapatnam mines
The Comptroller and Auditor General (CAG) of India has issued a warning to the Telugu Desam Government who are planning to reopen the Vishakhapatnam bauxite mining, after studying the Memorandum of Understanding with Jinal South West Holding Ltd and Ras Al Khaimah in 2005-07 signed by the previous...
Aluminium up by 0.2% on global trends
Aluminium prices were up by 0.24% in futures trade today as speculators created positions, tracking a firming trend in the global markets. Besides, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, aluminium for delivery in current month rose by 30...
See aluminium price hold above USD 2400/tonne: Nalco
Answering a query put by CNBC-TV18’s guest editor Abhay Laijawala, MD & Head of Research, Deutsche Equities India on whether alumna prices on the LME are expected to move up in line with aluminium prices, Ansuman Das, chairman and managing director of Nalco said alumina prices may not move up as...
Vedanta Resources termed as top ranking producer by Deutsche Bank
Vedanta Resources has been awarded top-ranking producer position by Deutsche Bank after a careful review of UK listed miners. The shares of Vedanta have now gone from ‘hold’ to ‘buy’. A total of 18 stocks were reviewed and the criteria for the reviews covered 19 metrics which included working...
China’s Guangdong imports 488,000 tonnes of Alumina in H1 2014
Inbound shipments of alumina to Guangdong in China totaled 488,000 tonnes during the first half of 2014, up 16.2% year-on-year, China Customs data showed. Average price of the imported material, however, was 2,259 yuan ($366) per tonne, down 2.8% from a year earlier. During the period, imports from...
China’s Bauxite imports up 5.73% MoM in July
China imported 3.09 million mt of bauxite in July, tumbling 52.55% YoY, but up 5.73% MoM. YTD imports through July totaled 22.61 million mt, down 42.30% from a year ago, China Customs data showed. Small- and medium-sized alumina producers increased bauxite imports in July as their stocks on hand...
Aluminium strengthens on industrial demand, global cues
Aluminium prices edged higher by INR 2 per kg at the local non-ferrous metals market today on increased industrial demand amid a firming global trend. Traders said buying activity in aluminium picked up after it surged to 18-month highs in global markets, amidst falling stockpiles on the London...
Hindalco and Sesa Sterlite seeking new market for their growing aluminium output
By the end of this fiscal year, India’s aluminium production capacity is going to rise to about 4.36 mt, a huge leap from 1.71 mt in 2012. The local demand however is less than half that number so the big guns in the industry, like Sesa Sterlite Ltd and Hindalco Industries Ltd, who have grown...
Aluminium futures gain 1.19% on overseas cues
Aluminium prices rose 1.19 per cent to INR 127.70 per kg in the evening session of futures trade today as speculators enlarged positions amid positive cues from overseas markets. Besides, increased demand from consuming industries in the spot market supported the uptrend. There was no trading in...
Bauxite mining comes to halt at Hindalco mine
Bauxite mining by Aditya Birla owned Hindalco Industries has came to a grinding halt in the Mali Parbat area near Semiliguda in south Odisha's Koraput district with the district administration imposing prohibitory orders under Section 144 of CrPC. The prohibitory orders have been clamped in the...
Global cues push aluminium down by 0.32%
The futures for aluminium dropped to INR 125.35 per kg on Wednesday as the speculators reduced their expectations taking a cue from the global markets. The domestic spot markets too have seen a dip in demand which in turn have affected the metal prices. In a business turnover of 1,392, the...
Odisha the highest gainer in the royalty hikes on mineral ores
Post the Government’s announcement regarding the royalty hike on 23 minerals last week, it seems five states in particular will be benefitting the most namely – Odisha, Karnataka, Jharkhand, Goa and Chhattisgarh. Royalty rates on metallurgical-grade bauxite and laterite has been revised to 0.6...
