India's ₹9,150b power grid push could drive new aluminium demand
India's planned transmission investment and renewable-energy expansion could lift aluminium consumption in electrical applications to 4 million tonnes by FY30. India's push to expand its electricity transmission network is emerging as a major potential growth driver for aluminium, with the...
September purchases take Eskay Aluminium’s Sacheta Metals holding to 132,310 shares
Eskay Aluminium Pvt Ltd has obtained 881 shares of Sacheta Metals Ltd through an open-market transaction, taking its total holding in the aluminium company to 132,310 shares. The acquisition was completed on September 8, 2026, and disclosed under Regulation 29(2) of the SEBI (Substantial...
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Kasaragod to auction bauxite mining rights, eyeing $60 million in revenue
Bauxite mining rights across two blocks in Kasaragod are set to be auctioned soon. The State government is finalising the auction process for bauxite deposits in the Narala block, covering an area of 1.5 square kilometres in Mulleria and a 2.8 square kilometres area in the Ukkinadka block located...
Upstream aluminium recap: EU’s 16th sanction package to target aluminium imports, Russian oil vessels & military equipment
This week, the upstream segment of the global aluminium industry has been under the spotlight, with significant developments spanning from bauxite extraction to primary aluminium production. The focus intensifies as the European Union is considering the release of its 16th sanctions package against...
India: NALCO raises primary aluminium ingot prices by INR 9,800/t ($113/t); Hindalco, Balco raise aluminium ingot prices by up to INR 8,250/t ($95/t)
NALCO, one of India's leading mining and metals companies, raised prices of its primary aluminium ingots (P1020, 99.7 per cent) by INR 9,800/t ($113/t) on 14 Jan'25. Current prices are at INR 261,800/t ($3,023/t) compared to INR 252,000/t ($2,910/t) on 28 Dec'24. Prices are ex-works and exclude...
India: Imported aluminium scrap prices rise w-o-w even as some grades witness tight supply
Imported aluminium scrap prices in India witnessed an uptrend w-o-w, with fluctuations of up to 1.7 per cent, amid recovery demand post-New Year holidays. Amid a rise in London Metal Exchange (LME) aluminium prices, certain scrap grades reported supply shortages. BigMint's benchmark assessment for...
Here’s why India needs aluminium as its cornerstone to achieve her ‘Viksit Bharat’ vision
The non-ferrous green metal has changed the nation’s economic sustainability for countries like USA and UAE. Yes, we are talking about aluminium’s indispensability in domestic as well as commercial sectors across the globe. However, India is yet to utilise the full potential of one of the most...
Indian aluminium shares grow 2-3% on three major global events, including EU’s 16th sanctions package
On Thursday, January 16, the three musketeers of the Indian aluminium industry - Vedanta Limited, National Aluminium Company (NALCO), and Hindalco Industries Limited saw a 2 to 3 per cent gain in their intraday stock prices. The contributing factor was the increased aluminium prices to $2,606 per...
Vedanta Aluminium reduces 28.5% GHG emissions, one step at a time for Net Zero future
Vedanta Aluminium has achieved yet another significant milestone under sustainability by attaining a 28.5 per cent reduction in greenhouse gas emissions against the FY2012 baseline.This accomplishment, aligned with the company’s Net Zero vision, reinforces the company’s ever-lasting commitment...
Technical challenges hinder PNG adoption by refractory manufacturers in India
Despite persistent efforts by government authorities to promote piped natural gas (PNG) for industrial operations, refractory manufacturers in Punjab have raised significant concerns, citing technical challenges. They argue that PNG is unsuitable for high-temperature manufacturing processes and are...
Samastipur aluminium factory blast: One dead & eight injured
A tragic boiler explosion at an aluminium factory in Bihar's Samastipur district on Wednesday, January 15, has caused a major stir amongst the workers there. The factory, which specialises in manufacturing aluminium utensils, reported one worker dead and eight others injured. About the accident The...
Government to hold Gram Sabha for Lanjigarh bauxite mines for Kalahandi’s development
Residents of Lanjigarh in Kalahandi district have urged Odisha Chief Minister Shri Mohan Charan Majhi to immediately conduct a Gram Sabha for Lanjigarh Bauxite mines for the development of Kalahandi district of Orissa. Their appeal, submitted through the Collector and BDO, highlights the urgent...
Top 5 downstream aluminium projects of 2024 to redefine the value-added product industry
The ever-increasing demand for value-added aluminium products has left no nook of the world untouched for new projects. From India to China to the United Kingdom, aluminium product manufacturing plants have cropped up in many parts of the world. While some manufacturers have expanded their...
India: Imported aluminium scrap tags fall w-o-w amid decline in LME prices
Imported aluminium scrap prices in India dropped by up to 2.5 per cent w-o-w, mirroring a decline in London Metal Exchange (LME) levels. However, certain scrap grades held firm w-o-w amid reports of supply shortages. BigMint's benchmark assessment for Tense scrap originating from the UAE stood at...
Update: Brijendra Pratap Singh takes over as NALCO’s new CMD
Brijendra Pratap Singh has assumed his new position as Chairman-cum-Managing Director (CMD) of National Aluminium Company (NALCO) at the company’s corporate office in Bhubaneswar on Wednesday, January 8, 2025. Brijendra Pratap Singh was selected for this esteemed position in September 2024 by the...
Aluminium microcap Sacheta Metals gains momentum with stocks upgraded to ‘Hold’ rating
Sacheta Metals, a microcap company in the aluminium products industry, received an upgraded stock rating of 'Hold' from MarketsMOJO on Monday, January 6, 2025. The upgrade reflects the stock's entry into a bullish range, marking an improvement from the mildly bullish trend observed on December 16,...
NALCO vs Vedanta’s shares in NIFTY hint at the international alumina market’s role in their respective businesses
Shares of National Aluminium Company Limited (NALCO) lost value as the Nifty Metal index wrapped up the first week of 2025 on January 3. The Metal index itself remained relatively subdued, gaining just over 1 per cent at its highest point during the day before closing flat. While NALCO’s shares...
Kolkata Metro to join international standard after aluminium third rail retrofitment concludes in 2025
Kolkata Metro Railway is re-commits to conclude the replacement of the existing steel third rail with aluminium resorts on the down line of the Blue Line corridor, spreading between Belgachia and Tollygunge (Mahanayak Uttam Kumar), by August 2025, a spokesperson announced on Sunday, January 5....
Upstream Weekly Recap: India’s bauxite mining sector witnesses robust growth; China plans alumina refinery in Guinea
Aluminium is an essential component of the global economy, and this week, the upstream sector witnessed some significant events. For instance, India's bauxite mining sector has grown in the non-ferrous segment, achieving an output of 23.93 million tonnes in FY 2023-2024. As of April 2024,...
Vedanta's aluminium output hits 0.61 million tonnes in Q3, setting a new benchmark
The Indian multinational mining and metal giant, Vedanta reported a 3 per cent year-on-year increase in total aluminium production, reaching 614,000 tonnes (0.614 million tonnes) in Q3 FY25, compared to 599,000 tonnes (0.599 million tonnes) in Q3 FY24. The nine-month production numbers for FY25...
