H1 2026 sees more renewable energy than ever: Here’s a region-by-region guide to renewable energy supply in the recent past
In the first half of 2025, humanity generated more electricity from renewables than from coal for the first time ever. What led to it? It was possible only because of two decades of falling solar panel prices, taller wind turbines, and governments finally treating clean power like an economic...
$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...
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Trafigura targets $8 Bn India metals market with online store.
Switzerland-based Trafigura has launched an online store in India to sell aluminium, copper and other metals, seeking a slice of the $8 billion market and becoming the first big commodities trader to cater to hordes of small manufacturers dotting the country. Trafigura, co-founded by French...
India’s move to hike bauxite export tax to 20% likely to heat up prices for Chinese buyers
India’s move to double the export tax on aluminum-rich bauxite to 20% is likely to heat up prices for Chinese buyers, who have been scouring for the mineral ever since Indonesia imposed a ban on shipments earlier this year. India’s rich mining resources have been drawing interest from overseas with...
Qatalum changes coke supply source to redeem savings in freight
In line with the mission to become one of the most efficient smelters in the world, Qatalum's new contractual arrangements for the supply of petroleum coke allow for a net savings in freight rates and time for the foreseeable future. Qatalum signing the contract with Petroleum Coke Industries...
Hiked duty on bauxite, stainless steel to help Indian firms
Chennai, July 10 (IANS) The hike in export duty on bauxite and the import duty on flat rolled products of stainless steel proposed by union Finance Minister Arun Jaitley is favourable for the domestic players, said a sectoral analyst. "It augurs well for aluminium industry's capacity expansion...
Hindalco jumps on hike in bauxite export duty
Hindalco Industries surged 3.63% to INR 172.50 at 12:40 IST on BSE as the finance minister in the Union Budget 2014-15 presented on 10 July 2014, announced increase in export duty on bauxite from 10% to 20%. Meanwhile, the S&P BSE Sensex was down 63.72 points or 0.25% at 24,960.63. On BSE, so far...
Doubling bauxite export duty will improve domestic supplies: Finance Minister, India
The doubling of export duty on bauxite, a key input for aluminium making, to 20 per cent will help improve availability of the raw material to the domestic producers. "Export of any raw material from the country should be discouraged and thus, the doubling of export duty on bauxite is a welcome...
Aluminium futures up 0.30% on pick-up in demand
Aluminium futures edged higher by 0.30 per cent to INR 115.25 per kg today as speculators enlarged positions amid pick-up in demand at spot markets. At the Multi Commodity Exchange, aluminium for delivery in July rose 35 paise, or 0.30 per cent, to INR 115.25 per kg, with a business turnover of 259...
Realty sector set to step up use of aluminium
The property developers in the country are expected to consume about 10,000 million tonnes of aluminium in the next five years. “About five to six big developers, including the Prestige Group, will be consuming aluminium in large quantity. This is a huge leap from the existing consumption level in...
The 18th International Conference on Non-Ferrous Minerals and Metals’14 concludes in Nagpur
The 18th International Conference On Non-Ferrous Minerals and Metals’14, organized by Corporate Monitor and JNARDD and supported by Ministry of mines, Govt. of India & IBAAS in association with VNIT and AlCircle.com took place in Radisson Blu Hotel, Nagpur on 11th and 12th july’14. The two day...
India to increase bauxite export taxes to aid aluminum makers
India proposes to raise export duties on bauxite to help local aluminum producers, which are facing a shortage of the raw material because of mining curbs. Finance Minister Arun Jaitley proposed to double export taxes on bauxite to 20 percent in his budget speech to lawmakers in New Delhi today....
The 18th International Conference On Non-Ferrous Minerals and Metals’14 starts today in Nagpur
The 18th International Conference On Non-Ferrous Minerals and Metals’14, organized by Corporate Monitor and JNARDD and supported by Ministry of mines, Govt. of India & IBAAS in association with VNIT and AlCircle.com as the Media and Event partner is commencing from today 11th july’14 to 12th...
Hindalco gains after Alcoa's earnings beat
Shares of Hindalco Industries Ltd are trading sharply higher after U.S. rival Alcoa Inc reported better-than-expected earnings, several traders said. Alcoa also increased its 2014 growth estimate for the North America commercial transportation market. Shares of Hindalco, India's leading aluminium...
Sapa investing in MPE, aluminium tube capacity in India
Sapa is investing in an aluminium extrusion press in Kuppam for the production of multi-port extrusions and drawn tubes for automotive and HVACR heat transfer applications. The company will become the first local manufacturer of such products in India. Sapa is experiencing high growth in India,...
Aluminium futures down on overseas trend
Aluminium futures prices fell 0.26 per cent to INR 115.35 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 August lost 30 paise, or 0.26 per cent, to INR 115.35 per kg, with a...
Hindalco to mop up $500 million in QIP
Kumar Mangalam Birla-led Hindalco plans to raise $500 million (around INR 3,000 crore) through the qualified institutional placement of shares to raise funds primarily to repay part of its debt, said three people in the know. The floor price of the QIP that may hit the market next week could be INR...
New Government in India to focus on Mining, Mineral Resources: Barclays
According to a report issued by global banking and financial services company Barclays, the top priorities of Prime Minister Narendra Modi's government is clarity on mining regulations and auction of mineral resources. "It is time that India put its mining sector house in order. The sector's GDP...
Midal Cables gets land for aluminium unit
The state government’s land acquisition agency, Odisha Industrial Infrastructure Development Corporation (Idco) has allotted 12 acres land to Bahrain-based investor Midal Cables at the aluminium downstream park coming up at Angul. The aluminium park is being developed jointly by National Aluminium...
Vedanta's Lanjigarh expansion plan sees revival hopes
Odisha State Pollution Control Board will hold public hearing of the much-delayed project at Lanjigarh on July 30 The controversial project of Vedanta group to expand Sesa-Sterlite's Lanjigarh refinery is set to revive with Odisha deciding to undertake public hearing of the project later this...
