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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Aluminium futures down on weak global cues
Taking weak cues from global markets, aluminium eased by 0.24 per cent, to INR 104.30 per kg in futures trading today as speculators offloaded their positions. Besides, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for...
Amtek India jumps nearly 26% in two sessions
Amtek India rose 4.65% to Rs 81.10 at 15:16 IST on BSE, extending Tuesday's 10% rise triggered by the company announcing acquisition of Germany-based Kuepper Group. The announcement was made after market hours on Friday, 14 March 2014. The stock market was closed on Monday, 17 March 2014, on...
Aluminium down 0.6% on global cues
Taking weak cues from global markets, aluminium prices fell 0.61% to INR 106.05 per kg in futures trading today as speculators offloaded their positions. Further, sluggish demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery...
Aluminium down 0.3% on global cues
Aluminium prices fell by 0.33% to INR 105.45 per kg in futures trading today as speculators offloaded their positions on weak cues from global markets. At the Multi Commodity Exchange, aluminium for delivery in April declined by 35 paise, or 0.33%, to INR 105.45 per kg in business turnover of 180...
Aluminium up 0.2% on global trends
Aluminium prices today rose marginally by 0.24% in futures trade mostly in line with a firming trend in the global markets. Further, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, aluminium for delivery in March rose by 25 paise, or 0.24%, to INR...
Amtek India successfully acquires Kuepper Group Germany
Amtek India Ltd has completed successfully the transaction and has acquired the Kuepper Group engaged in the business of Iron, Aluminium Casting & Integrated Machining. They have five manufacturing facilities across Hungary and Germany. The company acquired substantial interest of Kuepper,a Germany...
Nalco gets its first woman director
National Aluminium Company Ltd (Nalco) got its first woman director with Soma Mondal being appointed as the PSU’s director (commercial). Prior to the new assignment, Mondal was serving the company as executive director (marketing) at Nalco’s corporate office, a company release said today. After...
Ratio of stability in prices of aluminium & favourable rupee-dollar make it a good purchase: Nalco
Nalco’s third quarter numbers for the period 2013-14 were more or less expected except a small fall in production of alumina. The production has fallen on a quarterly basis due to the delay in the export shipment. But there has been a significant rise in alumina production on a year-on-year (y-oy)...
Price of aluminum fell to 0.37% on weak global trend
Following the weak signals from global markets, the price of aluminum came down 0.37% to a trading rate of INR 107 per kg today as the speculators unloaded their positions. Further, slow demand of aluminum in the domestic spot markets also resulted in the fall of metal prices. At the Multi...
Tom Albanese appointed as Vedanta CEO
Indian diversified miner Vedanta Resources has appointed former Rio Tinto ceo Tom Albanese as its new chief executive Albanese left Rio at the beginning of 2013 after a tough year for the company in 2012, in which it reported $14 billion of writedowns. He will take over as ceo of Vedanta and join...
Primary Indian aluminum sees small decrease
On Monday, March 3, the Indian aluminum cash price fell by 1.3 percent, making it the day’s biggest mover. At $1,724, the cash price of primary aluminum finished the market day on the LME up 0.5 percent per metric ton. On the LME, the 3-month price of aluminum increased 0.3 percent to $1,765 per...
Nalco slips ex-dividend
National Aluminium Company fell 2.50% to INR 33.15 at 9:19 IST on BSE after the stock turned ex-dividend today, 5 March 2014, for interim dividend of INR 1.10 per share for the year ending 31 March 2014. Meanwhile, the BSE Sensex was up 69.30 points, or 0.33%, to 21,279.03. On BSE, so far 11,000...
Aluminium down 0.3% on global cues
Taking weak cues from global markets, aluminium prices fell marginally to INR 108.25 per kg in futures trading today as speculators offloaded their positions. Further, sluggish demand in the domestic spot markets also weighed on the metal's prices. At the Multi Commodity Exchange, aluminium for...
RUSAL sees global Aluminum demand to grow by 6% y/y in 2014
Russian giant Rusal sees global aluminum demand to grow by 6% this year over 2013. According to RUSAL, China and other Asian economies are expected to grow strongly and the developed markets including the US and Europe should continue to show a healthy growth. Aided by strong growth within Asia,...
Nalco’s capital expenditure falls by 32pc to $ 190M (approx) for FY 2014
The capital expenditure target of Nalco has been squeezed by 32% to $190M (approx) for the year 2014-15 as a result of repeated failure of this Public Sector Unit in meeting their targeted expenditure in earlier years. Moreover, the capital expenditure target of National Aluminium Company's (Nalco)...
Hindalco pushes aluminium, faces difficulties in copper
Aditya Birla group’s company expansion plans are still entirely focused on the aluminium and alumina business, where the company embarked on a $5.5 billion capital expansion plan in 2009. As part of this, it started work on new projects in Madhya Pradesh, Odisha and Jharkhand. The company is...
Bauxite and Alumina Market in the World to witness 2.8% CAGR Through 2017
In 2012, the worldwide bauxite production reached 263,000 tonnes, registering a 1.3% YoY increase. In the same year, the overall alumina supply volume stood at more than 92,000 tonnes, recording just a 0.7% YoY increase. Australia, China, Brazil, Indonesia and India were the top five bauxite...
IBAAS to be associated with a number of aluminium events in 2014
This year, International Bauxite, Alumina and Aluminium Society (IBAAS) is associated with a number of interesting events from the aluminium industry. IBAAS is the organising partner of Asian Metal Conference to be held during May 28-30, 2014, Yantai, Shandong, China. The Shandong province is...
